I agree with your statement Foggy, however I started my IVA with BE, a company I had researched to the best of my ability, they were MY choice. I am now with GT, I had no say in this change, I also had no knowledge of BE selling it's IVA portfolio until it happened and was informed by GT they were now my supervising company. So research away because it will not make one iota of difference if down the line the company YOU choose sells on.
Last Payment made 04/12/14. Completion Certificate 25/7/15. IVA company GT. No Issues
Very good point Merlin, I, too, was sold on with no say -- and to a company I had specifically rejected during my research -- but, hopefully this is a minority issue.
Anarchy --- who are these IVA employees pretending to be individuals ??
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
font size="1" face="Verdana, Arial, Helvetica">quote:<hr height="1" noshade>Originally posted by Foggy
Very good point Merlin, I, too, was sold on with no say -- and to a company I had specifically rejected during my research -- but, hopefully this is a minority issue.
Anarchy --- who are these IVA employees pretending to be individuals ??
Going off what I have seen over the last year it would seem that more and more companies have off loaded their portfolio's to GT. I believe it is this increase in work load which has caused GT to go down in peoples estimation.
As we have said before a sceptic would argue that GT have other motives, other than fee income, for taking on so many cases..
I would also be keen to know of people posting on this forum who work for IP firms or debt management companies but pretend to be individuals in debt. I don't know of any.
GT must be raking in the interest in all the payments they've taken but not paid out.
Feb 2012 for my last payment finally got an update yesterday after trying for about 2 months to get some timescale, my case was passed to the completion team and that process could take up to 6 months.... funny I seem to remember being told a similar thing in feb last year!!!
Scooby -- if monies are held in interest bearing accounts that interest belongs to the client, to be passed to the creditors as part of the dividend. In any event, in the current market, I doubt they be "raking in" much. The rates on client accounts would be extremely low as the banks know the deposit is transitory.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
I was originally with BE but was changed to GT,I made my final payment in April 2012, chased up GT since then for an update and was told each time it had been passed on to the closure team and in November 2012 i was sent an email from GT to say i had been missed by the closure team , i asked them why and how as on all of my calls i was told different and i still have no answer, then they mentioned PPI which i signed the paper work for and now i have been told i should get the completion possibly October 2013 if the creditors agree to the mass variation meeting. I would still like to know why and how it was missed and the fact the customer service people assured me it was with the closure tea but GT do not want to give me an answer. Fingers crossed i get the paperwork in October.
Reading all these posts is really beginning to get me down [:(] We were with MD&C through our choice, but now our case has been sold to GT with no consultation with us. We made our last payment Feb 2013 & expected, nay told, we would have cc within 6 weeks by MD&C. Looks like even 6 months won't be a time to expect it now. How can they play with people's lives & emotions like this? I've e-mailed them twice in 2 weeks & all I've had are 2 generic replies & 1 saying they are dealing & will be in touch in due course. If other companies dealt with their clients/customers as poorly as this, they would soon be out of business. GT have us over a barrel & sadly they know it.
Hi all
wish I had seen this forum before I joined GT , I have about 5 years left and I'm sure that my property is linked in to my plan .I thought it was compulsory think is where do I stand legally now ?
Can I change it or will I have to re-mortgage my house ?
