Really worried about the deed of assignment paperwork I have received from DFD. Terrified to sign it as I don't really understand it and am worried that it means I will forever be involved with this dreadful company and their offspring EIF. Also some of the wording is a grave concern. Funny how the return envelope is to EIF as well.
Has anyone else signed the paperwork? What are others thoughts on this, is it a good thing or bad thing? Agreeing to change the terms of my IVA almost 5 years in is a bit of a worry. Has anyone sought independent legal advice about this?
Its a terrible dilemma and DFD just don't make it any easier do they. There is a worrying section in the paperwork that suggests that if I don't sign it will be considered a breach of my IVA! How is that possible? So really this is not a choice DFD are giving us is it. Seriously, DFD and EIF are raking it in big style. No better than any of the bankers we have heard about. The last 2 years with this company have been hell. Much worse than when the creditors were hassling me for money prior to my IVA. From a frying pan to the fire i'm afraid. Apart from getting into debt in the first place getting into business with DFD and an IVA is the worse decision I have made in my life
I have arranged an appointment tomorrow for independent legal advice as I am so uncomfortable with this paperwork. I am not expecting great things to happen but at the very least it may help explain the terminology and put my mind at ease. I will let you know how it goes and what they advise.
I can only inform you from my own experience with DFD and therefore my opinions. My advice would be to get while you can (if it's not too late) and seek further advice. Speak to at least 2-3 more IP's before you make a decision (something I didn't do which I am living to regret).
If it is too late and you are signed up with DFD then make sure you visit this forum often for advice and guidance. Do not let DFD (or EIF) bully you into anything. You have to be fairly assertive i'm afraid when dealing with them as their customer service dept is shocking and if you get to speak directly to your IP in the 5-6 yrs you're with them then consider it a bonus. Read, re-read and then ask again about all the paperwork as entering into and IVA is not as straightforward as it is made out to sound by DFD. I would like to say I am looking forward to a debt free future but fear that my experience with DFD may take some years to get over.
Whatever company you are with though, its the fact that you are seeking to address your debt problems which is important and therefore is the point which you should focus on. It takes guts to admit you've got debt problems and even more guts to do something about it. Good luck Boneca.
Dear LostGirl,
Please contact me via the email address in my profile so I can take a look into your case and address your concerns.
Speak soon.
Thanks,
Evette Everest
You'll notice there's a space for your IP to sign even though the SAE is to the dreaded EIF not DFD.
I've been told this is because EIF are dealing with the deeds and will get your IP to complete their part.
Was told I could send it back to DFD but they would just pass it on to EIF!
From my understanding the deed means that they can wring every last penny from DFD's customers even after your IVA is finished.
Last payment 02/02/15.
Completion certificate 07/05/15
Its also one of my worries that this is a con to get EIF every last penny. Disgusting. Another worry is that it seems to suggest that if we dont sign we will be considered to be in breach! How on earth DFD have got away with their practices over the past 2yrs is beyond me.
For the record I acknowledge the offer of contacting the DFD rep via the forum and I decline. Your responses on this forum are nothing short of rehearsed and corporate. Once engaged in dialogue the responses are defensive and therefore aggravating. I just keep counting the months till I can gladly wave your company goodbye. It can't come soon enough. [:(]
When DFD sold me the iva over the phone I was desperate, they failed to tell me half of what's involved in a iva, the sooner I can get an agreement to finish this awful thing and sever my ties with DFD the better!!
I totally understand where you are comming from. I called them about it and was talked into (through) it by the customer services person. Had I been stronger things could be very different. Initially the customer support was appaling - I have a LTD company and i asked if this would affect my companies ability to trade... Answer was NO!! - Answer should have been YES!!! completely miss informed and when I spoke about it again it was just oh well who cares. That said they have got better, they do normally answer queries and you can negotiate any increase in contributions as they will always go for the higher amount - there is wiggle room.
Still slow is not the answer, and the PPI thing is a real pain. I assume that they can claim from accounts PRE IVA only? and upto 100p in £? but no really wants to answer that.
EIF are digging into our financial past as far back as 15-20 years.
I've had a letter from IP requesting I sign paperwork to authorise EIF to claim ppi as per iva agreement to recover all assets.
I sent an an email & told them I'm not signing anything & will claim ppi myself if there is anything to claim & forward any cheques if anything comes through.
EIF have dug up a claim going back 10 years. In my email ( & I rang the office to say this) I told mcd that EIF are hopeless & harassing & I will not sign anything.
I''m sick to the back teeth of the IVA , PPI & the fact that it appears it will never end even tho we completed last August.
I was wondering how they can tell you that once you have that certificate of completion that you are then free from the iva ,,that they can then insist on chasing up potential ppi claims going back donkey years ago
I think the main problem is EIF digging into things thinking they are going to get their 30% cut-
Well I'm not playing ball-
IVA COMPLETED & CLEAN CREDIT FILE.
An old bible proverb says this: the rich one rules the poor, and the borrower is a slave to the lender.
