Payment??

Get expert opinion. This is the place for new questions to be posted.
7 posts Page 1 of 1

superted

Posts: 20
Joined: Thu Mar 12, 2020 2:41 pm

Post by superted » Fri Apr 03, 2020 8:05 pm
Hello we have got a full settlement meeting on April 27th I have just noticed Creditfix haven’t taken payment? Which was due on the 1st of every month Is this normal?

Thanks.

Foggy

User avatar
Forum Expert
Posts: 31265
Joined: Fri Dec 17, 2010 11:14 am
Location: United Kingdom

Post by Foggy » Sat Apr 04, 2020 8:37 am
I would check with them --- they might (might!) be imposing a blanket break in payments. Stepchange are offering a three month break to DMP customers, I have been told --- or at least some customers, but, at least they are asking first.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
http://foggy.blogs.iva.co.uk

Foggy

User avatar
Forum Expert
Posts: 31265
Joined: Fri Dec 17, 2010 11:14 am
Location: United Kingdom

Post by Foggy » Sat Apr 04, 2020 8:39 am
I have to add that CF do have a tendency to do things differently to the established norm ! It may be their policy to stop collecting, pending a successful offer --- would be interesting to know.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
http://foggy.blogs.iva.co.uk

superted

Posts: 20
Joined: Thu Mar 12, 2020 2:41 pm

Post by superted » Sat Apr 04, 2020 2:36 pm
In the meeting information on the email it says...

Until that time, the debtor’s obligations under the arrangement shall continue except for the requirement to continue making monthly contributions.

Foggy

User avatar
Forum Expert
Posts: 31265
Joined: Fri Dec 17, 2010 11:14 am
Location: United Kingdom

Post by Foggy » Sat Apr 04, 2020 3:20 pm
Sounds like they have placed a moratorium on payments until the meeting. But, of course we hope not, but, if the offer is refused those payments will become due -- so I would suggest popping it to one side for now ... just in case.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
http://foggy.blogs.iva.co.uk

superted

Posts: 20
Joined: Thu Mar 12, 2020 2:41 pm

Post by superted » Sat Apr 04, 2020 3:36 pm
Yeah I’ve put it to one side just in case, fingers crossed all goes well and the offer is accepted :D will let you know

Foggy

User avatar
Forum Expert
Posts: 31265
Joined: Fri Dec 17, 2010 11:14 am
Location: United Kingdom

Post by Foggy » Sat Apr 04, 2020 3:50 pm
Best of luck.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
http://foggy.blogs.iva.co.uk
7 posts Page 1 of 1
Return to “Ask IVA Forum and Industry experts”