I started my IVA with PJG in 2011. I made my first payment in August 2011. With PJG, my IVA ticked along without any drama.
My IVA was then sold to CreditFix. That's when the problems started (Feel free to take a look at my previous postings for details). However, there is now light at the end of the tunnel. At the five year anniversary, Creditfix agreed to the 12 month extension, instead of the re-mortgaging for equity release option. I was pleased with this outcome. Having made the first payment in August 2011, I calculated that my final payment would be July 2017 - this being five years plus 12 months extension. Creditfix are saying that although I made the first payment in August 2011, my agreement didn't start until September 2011, therefore my last payment will be August 2017. I've looked at my agreement from PJG, and it states I will make 60 payments, and then will have to do equity release, or the extra 12 months of payments.
Now, is it me, or, are Creditfix being a tad naughty and asking for 61 payments ?
Comments would be welcome.
They operate in a very strange way. Glad to have finished.
Fingers crossed the same happens to you
I've emailed it to CreditFix. I'll let you know what response I get.
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