I had a telephone call from ' Creditfix ' so i must have contacted them before; but i have i cannot remember. I thought i had only contacted stepchange before. Anyway, i asked for their web address. though for some reason i could not get it on my phone; however i have now come across ' creditfix.co.uk and they apparently might be able to write off some of my debt? Can i trust this organisation? What should i do next? I am not on any IVA and i have not received any warning letters from any of my creditors. Though, they do want me to pay more than i am now. I have currently frozen payments on another credit card.
Research insolvency firms and speak to a few to explore your options --- do you really need an IVA? There are other options, depending on the whole picture.
Personally I would not deal with a company that calls me out of the blue -- I deal with those I choose. Creditfix is a "reputable" company, but they do attract a lot of adverse comments. I believe that they can be trusted -- but it depends on how much hair you have to pull out -- they can be somewhat frustrating to deal with.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
It is a legitimate debt management company and can arrange IVA.
I have just completed ours with them however did not choose them from the outset...my original company closed and I was transferred across (which by the way happens and is allowed to happen andyou cant stop it).
Anyway, they have been 'ok' but we havent had any major issues during our 4 years with them (swapped after about a year)
Communication is pretty poor (being kind!!) You never speak to same person twice. Very difficult to get a straight answer and thats when things run smoothly.
You need to know where you stand and challenge their decisions because they have been known to twist terms/conditions to suit.
I would definately contact other companirs. Read posts on this forum to get an idea of the issues before, during and after an IVA.
You need to decide if an IVA is right for you amd what to do about things once in an IVA (such as chamge in circumstances, overtime, windfalls, ppi, inheritance, equity). Its a legally binding agreement for 5+ years so you have to be sure its right amd understand what you are tying yourself into.
Discuss figures with a few companies as some are more 'realistic' with your expenditure/allowances than others amd you have to be able to live within the budgets set for a long time.
Sorry for the essay but if you do an IVA it has to be setup right, realistic and true from the start.
stick around the forum amd have a read. Lots of knowledge amd experience on here which has been my saviour.
Good luck. Let us know how you get on
abbiesmum2003 wrote:It is a legitimate debt management company and can arrange IVA.
I have just completed ours with them however did not choose them from the outset...my original company closed and I was transferred across (which by the way happens and is allowed to happen andyou cant stop it).
Anyway, they have been 'ok' but we havent had any major issues during our 4 years with them (swapped after about a year)
Communication is pretty poor (being kind!!) You never speak to same person twice. Very difficult to get a straight answer and thats when things run smoothly.
You need to know where you stand and challenge their decisions because they have been known to twist terms/conditions to suit.
I would definately contact other companirs. Read posts on this forum to get an idea of the issues before, during and after an IVA.
You need to decide if an IVA is right for you amd what to do about things once in an IVA (such as chamge in circumstances, overtime, windfalls, ppi, inheritance, equity). Its a legally binding agreement for 5+ years so you have to be sure its right amd understand what you are tying yourself into.
Discuss figures with a few companies as some are more 'realistic' with your expenditure/allowances than others amd you have to be able to live within the budgets set for a long time.
Sorry for the essay but if you do an IVA it has to be setup right, realistic and true from the start.
stick around the forum amd have a read. Lots of knowledge amd experience on here which has been my saviour.
Good luck. Let us know how you get on
Foggy wrote:Research insolvency firms and speak to a few to explore your options --- do you really need an IVA? There are other options, depending on the whole picture.
Personally I would not deal with a company that calls me out of the blue -- I deal with those I choose. Creditfix is a "reputable" company, but they do attract a lot of adverse comments. I believe that they can be trusted -- but it depends on how much hair you have to pull out -- they can be somewhat frustrating to deal with.
Like AbbiesMum I too did not choose Creditfix but my small firm got taken over by them. They do things differently and are very uncommunicative but for the most part never interfered with me too much. Never raised or lowered my payments despite fluctuations in my returned I & Es. But and I can’t believe I’m saying this i have to say I was pleasantly surprised in the end with how quickly they processed my Exit and delivered my completion certificate. It seems it is the one thing they do well. As others have said seek advice before jumping into an IVA. But if in the end it seems right for you, then go for it. I can honestly say it probably saved my house, marriage and sanity. You’ll find the people on this forum are a Godsend and will offer you really sound and non-judgemental advice. Good luck.
