has anyone heard of creditfix

[jewl61]

thanks for all those funny comments talk to ya all soon

[Skippy]

I think I know the words Jan - I use them all the time when I'm driving!

Congratulations jewl61 and good luck with your IVA xxx

[jewl61]

thanx skippy13 roll on 2014 x

[David Mond]

Glad it all worked out in the end and pleased that your IVA was accepted.

[kallis3]

It seems a long time away, but it'll soon be here - I know my first 12 months has gone really quickly.

[jewl61]

how long does it take for all the creditors to receive appropiate notification of an approved iva and will i receive details of the meeting now it has been approved have phoned my ip but she is elsewhere

[MelanieGiles]

Your IP has to notify you within 4 days of the meeting.

[Max]

Melanie, I passed your message to David - he has asked to thank you and to tell you - he said you will know what he is talking about - you have to make certain you are in your office on his 60th payment.

[MelanieGiles]

I certainly do J!!

[jewl61]

thanks melanie

[sparklywatcher]

really pleased you got a good result xx

[jewl61]

thanks

[ben87]

has anyone heard of creditfix and are they any good?

Yes I have.

I got stung by Creditfix a few months ago. Basically I had £750 (3 lots of £250) taken out of my bank account even though I contacted them the next day after their salesman called round, and I let them know I'd lost my job and therefore couldn't go ahead with an IVA. I'm still waiting for a refund
[:(!]

I did a bit a digging and found out that Creditfix is aka BackToBlack. They took over a IP in Shipley a couple of years ago. Their Glasgow office is basically a call centre and they push IVAs very strongly irrespective of whether it's actually best advice for you. If you have enough debts in total and your income is enough they will send a salesman round to get you signed up. They even suggested things to add to my outgoings to make the IVA payment more affordable for me. [;)]

What they didn't make totally clear is that the standing order I was conned into signing along with the other paperwork is actually for an upfront payment to BackToBlack. It's set at 2x the IVA contribution, presumably it's their wedge for introducing the IVA sale to their own IP office! [:0]

So you get stung for a substantial payment upfront(several £100s)just to find out if your IVA will get accepted. And it's non-refundable if the IVA doesn't go through!

Their sales staff just skirted around it and more or less passed it off as being just that the first 2 payments go to BackToBlack. But they didn't explain that in reality it makes it 2 upfront payments PLUS the 60 monthly payments into the IVA.

What a rip-off! Do other IP's do this?

[Shining]

Some companies do charge upfront fees but it's up to them to explain what any payments made prior to IVA acceptance are for and for the client to ask the question and understand where their money is going.

I personally made one payment upfront prior to IVA acceptance to a very good company and this constituted my 1st payment, however, had my IVA been rejected then my full payment would have been returned to me, this was all explained before I posted my cheque off. There are many reputable companies out there and IVA is a good debt solution for lots of people.

[MelanieGiles]

Just to confirm that the paying of the first contribution prior to the creditors meeting is completely different to an "up front fee".