Worried now about transfer of my IVA to Creditfix.

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vikkib1212
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by vikkib1212 » Sun Dec 10, 2017 3:11 pm
My Iva has been transferred to credit fix from Knightsbridge. I've signed the agreement for their 23% increase worried about it now. Has anyone has experiences of this were creditors ok with it, what happens if creditors do not agree? Scared of it failing as I am over four years in and can't bare the thought of going back to square one
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Foggy
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by Foggy » Sun Dec 10, 2017 3:26 pm
Most refuse to sign it as they cannot make you -- however, if it is refused the IVA will continue on the already agreed terms --- have you checked that they have not hidden any other changes in the variation ?
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GoonerDad
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by GoonerDad » Wed Dec 20, 2017 3:14 pm
I'm worried about this too.

To make matters worse, they don't answer emails and want us to pay £50 (50%) more when we hadn't sent back the rest of the annual income & expenditure, we'd only sent Bank Statements to start with. We've now sent everything with an email saying that we can't pay extra - no reply.

My wife has sent them about 3 emails about not signing the agreement that mentions a 23% administration cost rise and a £300 withdrawal, no replies.

Not great so far. Maybe it's just us but we feel disadvantaged by their acquisition of Knightsbridge's IVA's.
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kallis3
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by kallis3 » Wed Dec 20, 2017 3:30 pm
Agree with Foggy - you don't have to sign it. You have your original agreement so stick to it.
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Foggy
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by Foggy » Wed Dec 20, 2017 5:06 pm
This is basically a repeat of previous acquisitions ... see https://debtcamel.co.uk/pjg-creditfix-iva-fees/

There, the carrot was a share of the PPI, although it wasn't guaranteed and was conditional on the creditors consent ... I have not heard from anyone getting a share ! There is no carrot this time, so they have slipped the fee increase in amongst a few meaningless proposals.
vikkib1212
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by vikkib1212 » Wed Dec 20, 2017 8:49 pm
I've spoke to credit fix and they have advised that the new agreements would be accepted by the creditors although I wish I hadn't signed now I have im assured it won't affect me in the duration of my Iva. My last review isn't until next Sep so they have said there is nothing for me to do until then. I've found if you phone they are quick to answer the phones and helpful so far so good
shaza
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by shaza » Mon Jan 01, 2018 9:21 pm
ive been transfered and signed wish i hadnt,i dont like idea of using their online statment thing,dont like the sound of this company,how is other people rating this online thing or can i just send through post with everything like i did with knightsbridge.
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Foggy
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by Foggy » Tue Jan 02, 2018 10:02 am
shaza wrote:
ive been transfered and signed wish i hadnt,i dont like idea of using their online statment thing,dont like the sound of this company,how is other people rating this online thing or can i just send through post with everything like i did with knightsbridge.



If you transferred to CF they cannot force you to do annual reviews online. If you started with them I am not sure of what you might have agreed to in this regard. but would assume you still have the right to refuse to give them TPA to your bank account, but would still have to provide hard copy statements as they require.
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