Creditfix MVM

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grimswold

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Post by grimswold » Tue Mar 10, 2015 9:18 pm
Does anyone know when this is happening? I know the thought was March. Not that I have agreed, but interested to see what happens if anyone doesn't mind letting us know.
 
 

MrsR

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Post by MrsR » Wed Mar 11, 2015 1:10 am
Hi Grimswold,

I believe it was on the 4th March, but haven't heard a thing from Creditifx at all.
Started IVA 27th Feb 2012 - Due to complete 27th Jan 2018 !!

Full & Final submitted and accepted 30th March 2015, paid 10th April 2015 - 3 yrs 1 month into IVA :)

Completion Certificate received- 30th April 2015!!
 
 

sprowstonboy

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Post by sprowstonboy » Wed Mar 11, 2015 8:37 am
I was told it's on the 13th.
 
 

Lou74

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Post by Lou74 » Wed Mar 11, 2015 10:06 am
What is this meeting about?
 
 

Foggy

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Post by Foggy » Wed Mar 11, 2015 10:12 am
Subtle tweaks to terms and conditions, Lou, including a hike of fees from 15% previously agreed to 23%.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
 
 

Lou74

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Post by Lou74 » Wed Mar 11, 2015 12:11 pm
Thanks foggy. I didn't agree to the new terms, so assuming it won't involve me?! Will be interesting to see how it goes...
 
 

abbiesmum2003

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Post by abbiesmum2003 » Wed Mar 11, 2015 6:42 pm
im interested to see outcome and if i get any communication from them about it because we didnt sign and agree to new terms either.
 
 

thisusernameistaken

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Post by thisusernameistaken » Thu Mar 12, 2015 12:50 am
We should watch closely as SW was fined previously for putting through variations to which clients had not agreed or requested.
 
 

abbiesmum2003

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Post by abbiesmum2003 » Thu Mar 12, 2015 8:40 am
Exactly!
I found the article online that clearly states her being fined, how much and what for.
I drafted an rmail clearly stating we refuse but never sent it as their letter says if agree sign and return their letter.
We didnt sign or return so they have nothing from us agreeing to new t&cs.
 
 

sprowstonboy

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Post by sprowstonboy » Thu Mar 12, 2015 8:45 am
I asked them several questions, including when the meeting was taking place, what was the deadline for our responses (the sort of thing the letter should have covered!) and then told them I wasn't interested.
 
 

grimswold

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Post by grimswold » Thu Mar 12, 2015 9:12 am
With over 900 transfers they are going to have to be very careful about who they put forward; knowing their track record it'll be easy to make an error
 
 

Can

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Post by Can » Fri Mar 13, 2015 8:20 am
mVM
I have been informed by one of my creditors that a MVM was taking place yesterday for all the new transferred accounts from Mel ... I turned down the new TC by email but according to the creditor they have still sent him all the documentation in regards to the new TCs that is required for the MVM asking for him to agree !!!! Are CF allowed to change the TC if creditors agree and I disagree ?
 
 

lifenoteasy

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Post by lifenoteasy » Fri Mar 13, 2015 8:38 am
This is what I don't understand - is it almost like an election with the majority wins.
IVA started March 2011, Completed March 2016 and certificate issued 11 days after final payment. It was not always easy but then some of the best decisions aren't.
 
 

sprowstonboy

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Post by sprowstonboy » Fri Mar 13, 2015 9:32 am
I had an email response saying I was being removed from the MVM process after I turned down the new T&C's.

I worked out that with the retrospective fee increase almost 8 of my final 12 monthly payments would have been kept by CF as fees. That, I felt, was outrageous and unjustifiable.
 
 

Lou74

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Post by Lou74 » Fri Mar 13, 2015 9:45 am
I only know about the MVM from here. I turned the new t&cs down verbally, and was told that a note had been put on my file and that was fine. I'm hoping that means I won't be included, however your post, Can, does worry me. I didn't think they could put forward the new t&cs if we don't agree. With 900 plus cases, are they really going to be able to separate the yes and nos? If the meeting was yesterday, is the result a matter for public record?
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