www.iva.co.uk

Hi all

Got another letter from GT today. And I may have read it wrong but it reads like they are charging me an extra £250 for 'variation fee' (section 19 if anyone else has the letter.

Whats the crack there?

Any help would be appreciated. I have a nasty email ready and waiting to send and the DD ready to cancel at the bank!!

Hi !! Not a nice letter to get on a Friday ! Hopefully someone will along soon to help !

I rather suspect that it is your creditors who are being charged the variation fee - so they have a choice whether to accept it or reject it - but you should also have some say so in this too. My advice is to stick with it - I think that you will find that your IVA will run much better with the revised terms that GT are seeking to introduce in the long run.

Hope so. I resisted cancelling my DD but sent them an email. Hoping for a reply on Monday.

I have also had my IVA taken over by GT from BE. The letter I received states that I will not be liable for any of the fees raised due to the change over of IP's.
So far it has been painless and non-intrusive.
Oh yea, I can't believe I am 18 months in already [:)]

Glad it's going well liverpig - nice to see you.

GT are a very reputable firm and won't be doing anything devious here. If they are seeking to vary terms it will be in your best interest. If you haven't heard anything about the variation prior to this letter, you can always ask them to explain what the variation meeting is for. x

I've asked them to ring me so hopefully I'll hear off them tomorrow.

I'm sure you'll hear. If not, you can always call them again. You know what they say about the squeaky wheel!! x

Thanks to this thread I have just trotted off & dug out my IVA paper work! Been a mental few weeks & i have just been filing everything to "look at later"!
*we got a welcome letter & a booklet sometime ago.
*I have had two annual review reports sent out both exactly the same!
*The Hubby & I got a welcome to Grant Thornton Letter each, which contained information about the transfer from BE to GT & a variation of the arrangements, also says on both letters "this will be at no direct cost to you". Looking at the variations all looks fine & nothing to worry about.
*Here is the bit I forgot, the letter asks you to sign in online using your unique customer reference details at www.mygtiva.com to find out more about the proposed variations, I cant find the website.
It asks you respond to the variation in terms & conditions by text/email/online/phone/post.
We go these on the 31st May & Ive just voted yes by text.
To be honest the changes are more in favorable to IVA clients of GT.

Dont know of this helps anyone

Sounds pretty much exactly the same as the Accuma transfer. The update in terms was definitely beneficial

UPDATE
Contacted them today and got through without any problem.
The cost I referred to is the cost to the creditors.

Glad you got it sorted.