That was me, Lou74. Greg said my IVA had not been part of the MVM but Chris on customer services said ALL active PJG IVAs were. I asked him to confirm it was all of them and he said yes it was.
Am I missing something? I can't see what affect these changes have on us? Our payments wont go up we weren't ever going get to ppi (why should we anyway we are the defaulters). CF get more money creditors get less which they agreed to.[:)]
font size="1" face="Verdana, Arial, Helvetica">quote:<hr height="1" noshade>Originally posted by Almost done now
Am I missing something? I can't see what affect these changes have on us? Our payments wont go up we weren't ever going get to ppi (why should we anyway we are the defaulters). CF get more money creditors get less which they agreed to.[:)]
Possibly the fact that one party is trying to alter the terms of a contract without the consent of the other party, that the insolvency firm is being far from transparent and that they appear to be being favoured by creditors ( for what reason?).
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
Apart from the blatant unfairness to independent smaller firms. We were asked to agree....we didn't and they ignored a legally binding contract and did it anyway
If we let this go what next?
ive had an email from valerie today too. A few complaints?!! really?!! lol!!! They better revert me back to original t&cs which i agreed and signed and not theres which i havent consented too.
And it is an issue because they are in breach of contract and if they do this without my consent what else might they do. I have to work within the guidelines and so should they.
Me too thisunsername. I have been told it has AND it hasn't been included. Nobody at CF seems to have a clue what is happening. At least that compliance department have 14 days to conjure up some more BS for us. I bet they're drafting it as we speak.
I know some people are saying why care as they are not directly affected. However, if it transpires that debtor consent is needed for a variation then these meetings are potentially invalid. This could cause mayhem if too much money was deducted in fees and not enough paid to creditors. There could be all sorts of problems which could lead to delays in closures and the reinstatement of the original terms and conditions of the proposal.
For example, the variation removes any minimum dividend requirement but if the variation is not valid then this remains a condition of the IVA. The extra fee costs will have to be reimbursed to the IVA for this to be achieved and if there are disputes over the validity of the variations there could be lengthy delays while this matter is dealt with in the courts or by the regulators.
Alternatively, debtors would have to sign new variations and new meetings would need to be called which will further delay and complicate matters. This will affect everyone and I am sure that most CF clients would rather their IVAs ran smoothly until the end and do not want to be caught up in this.
IVA started March 2011, Completed March 2016 and certificate issued 11 days after final payment. It was not always easy but then some of the best decisions aren't.
Letter received in the post this morning!
An apologie from CF. Saying the report i received was sent in error. No such meeting was held in respect to my case and they confirm my t&cs remain the same as agreed by ourselves and creditors.
Relieved +++
So, that leaves us who had no notification wondering about:
a. Were we included originally or not (as you know, I have been told both "yes" and "no"). No in an email and yes in a recorded phone call.Unless the transcript is now "lost"
b. If we were included, were we in a second batch of people who hadn't yet had their letters posted, but luckily for CF people had already started making noises so they didn't ever post them
d. Will those of us who did not get any paperwork to start with now receive a notification that we are now not/ weren't ever included?
2. What about the £300 that someone was mentioning as the charge for the privilege of a meeting nobody wanted? Is it all being given back - with interest - or is it going to be "forgotten"? I suppose this could be the key for us who don't know if we were included in the MVM or not. Can we get a statement to see where our money is/went because that would tell us whether we were or not?
In short, what is the truth and what are we to believe????????
This company gets more incredible by the month.
Last edited by grimswold on Fri Jun 26, 2015 2:25 pm, edited 1 time in total.
i think i was the one who raised the £300 issue. Oddly it was the only resolution at my alleged creditors meeting and was apparently passed without anyone voting! I emailed CF friday and other than an acklowldgement email i have heard nothing. I shall see whats in the post tonight.
