PJG

[ivamess]

Thanks Hubert. I can see where you are coming from. Mr Ivamess and I are self employed so when I read about all the things that they appeared to need at the review it was a bit scary (although I hasten to add we do keep the accounts in order!!).

I am still waiting on a reply to the email I sent them about PPI and Clifford Watts but will let everyone know anything that they send back which might be relevant.

[Cariadqueen]

Vent all you like Hubert, After all i think we are all in the same boat.

The point i was trying to make was people being told very different things but i guess it's a case of waiting until we have our reviews and seeing what happens.

People will handle this situation in very different ways, one person may panic and worry and the next just take things in their stride, i tend to worry my husband doesn't.

What will be will be!

[MikeyM]

font size="1" face="Verdana, Arial, Helvetica">quote:<hr height="1" noshade>Originally posted by SUC

At the end of the day PJG is a business whether we like it or not and Mel does what she thinks is in her best interests! We all will have to live with the transfer and hopefully Creditfix are as open and supportive. Had act to follow though!

I agree. Although it is very understandable there is an awful lot of conjecture, assumptions and inaccurate information being posted on here. Remember Melanie Giles is one of a number of Directors of PJG. How do you know she didn’t completely disagree with what has happened but was outvoted by her fellow Directors?

[Credit-King]

Hi all. Am still waiting for my official letter to come through the post about the move to CF.

I can’t believe all the worry this has caused people. I am one of the few who does not give a monkeys about being moved over to Creditfix and have accepted I/we have all been shafted. Mel is probably on beach in the Caribbean somewhere having a good o’l laugh at this thread whilst beckoning the waiter to refill the glass of Boerl & Kroff Brut. And I for one would not blame her at all.

Things like this happen all the time, as long as you pay your 60 payments and can prove it, surely that is all that matters? I suppose it is different for me as I am not trying to hang on to a house and could just go bankrupt if I get any hassle off the faceless people at CreditFix. But we have to give them a chance first.

[Michael Peoples]

Some posters seem to be implying that Melanie has efectively ' double crossed', used and lied to them. I know for a fact that this was one of the hardest decisions that she has ever had to make and she will worry about her former clients and members of staff for years to come.

Melanie spent a huge amount of time on this forum dealing with queries relating to other firms and people who were not and never would be her clients. This work is unpaid and while it generates the occasional case it is not the reason Melanie, myself and others post.

I wish people would just wait and see what happens with CF before rushing to panic judgements and blaming Melanie for non existent problems that may never arise in the future.

It reminds me of the joke about Farmer Smith, Farmer Jones and the tractor!

[PaulyB]

I'm getting a bit concerned as well the fact that I'm in month 81 (6 year initial term + 1 for not being able to release equity). Yes it is business, but as all of us were in a state when we entered into our arrangements, probably discounting the bigger firms, it would have been courteous to be warned, rather than finding out by heresy.

[sprowstonboy]

I'm coming to the conclusion that many of the ex-PJG clients are angry and worried about the transfer. I am! However if CF start to behave as we fear aren't they just going to get bogged down in dealing with our queries, questions and possibly ultimately formal complaints. All these takes up staff time, harms their reputation and eventually affects their bottom line. We chose PJG because we felt they were fair, impartial and listened. I have a couple of items that are way over guidelines and these have been explained in the past. I am not explaining them again nor am I accepting them being lowered to fit in with some arbitrary 'one size fits all' approach.

[Michael Peoples]

We have had IVAs approved with some very unusual I&E accounts. However these were all explained and agreed at the time so in the event of our files being sold/transferred I would be convinced no new IP would or could attempt to change these retrospectively. There would be potential hell to pay and the fall out would not be worth it. I am sure CF feel the same.

By the way we are not selling or transferring our clients and fully intend to be around for the long haul!

[longroad2freedom]

Not sure whether the link below is any use at all but it was put on another forum called trust deed forum and on it is a statement from Chris Parry IP from Creditfix.

Not sure why he could not have posted on this forum??


http://www.trust-deed.co.uk/forum/topic ... ichpage=11

[fruitloop]

I tend to be the one who worries and my husband is the voice of reason. His attitude is that Creditfix bought our cases in order to make money,they are a business after all,so it's not in their interest to squeeze our expenditure and put our payments up at review time as then we could fall behind,the IVA would fail and they wouldn't make any money. Surely it is in their interest for our IVA's to run smoothly so that they get there return on all the cases that they have taken on.

[Foggy]

It is in nobody's interests to allow or to cause IVA's to fail. I am sure they will work with the new clients to ensure all goes smoothly.

[ridingthestorm]

Here's a message that Chris Parry, the insolvency practitioner at Creditfix Limited, has asked us to share in the forum with those whose trust deeds have recently transferred:

“Dear new Creditfix client,

As you are aware, Creditfix Limited recently purchased PJG Recovery (Scotland) Limited, and I assumed the role of your Trustee.

Please be assured that your Trust Deed will continue in the same manner as before and any commitments made to you by the previous Trustee will of course be honoured.

We aim to have fully incorporated former PJG Trust Deeds into our systems this week. Until that time we will endeavour to answer any queries that you may have, either by contacting us on 0141 360 0187 or on email to PJG@creditfixme.co.uk. I sincerely hope that the transition is as smooth as possible, and that we can alleviate any concerns you may have. We look forward to working with you to ensure you complete your Trust Deed in line and in time with your original expectations.

Warm regards,

Chris Parry”

[ontheroad]

Business is business and we have been sold on so PJG have made money out of the sale and CF will do in the future, therein lies my fear, we have 1 more payment to go so how the hell are CF going to make money out of us, yes we have received the email to say the IVA will end as stated in the agreement but we are very worried that CF will try any way possible to try and extend our payments or come up with some way of trying to get us to pay more in.

I hope i am wrong but i just cant see where the business sense is in CF taking over our IVA, surely anyone in the last 3 months of thier IVA could have been seen out by PJG.

What should be a brilliant time looking forward has now become panicky and stressed, we did,nt expect to feel like this as our IVA is coming to its end, i just hope we are proved wrong in our worries.

[Goosed]

Well, it`s certainly been an eventful couple of weeks and a lot of people are understandably upset and concerned.

The truth is nobody actually knows for certain how Creditfix will operate and only time will tell, as transferred forum posters go through reviews, closures, attempted equity release and other issues with them and post about their experiences regarding such, will the facts begin to out.

None of us are privvy to the situation regarding PJG selling most of their IVA portfolio or the machinations involved.

As for the inference that Melanie may be uncaring about the whole issue, that I feel to be way off the mark.

Melanie Giles has made over 48,000 posts on this forum over many years at all types of ungodly hours, helping and advising many people on many, numerous aspects - including untold numbers of non clients (even actually contacting their IVA providers to resolve issues for them in some cases) as Michael Peoples has stated, none of it for financial gain.

I hope all pans out well for everyone concerned and I sincerely hope that Melanie will return to the forum some time in the future.

[davram1967]

Ontheroad has summed up my concerns. We have already made our final payment so really they cannot expect to make any money from our IVA. My concerns are exactly the same and would not expect CF to compile our final report and submit it without making some money from it. Does not make business sense to work for nothing.