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Posted: Thu Feb 12, 2015 6:22 am
by mummyx2
Hi All
we have finally had our variation meeting for a F&F. it has been accepted!! This is such a relief.
i would like to say that credit fix have been good to us and we had no issues with the F&F.
Now we just have to see how the completion process goes!
Thanks to the forum who have been a great help throughout our IVA!
Posted: Thu Feb 12, 2015 7:07 am
by Struzzo39
Fantastic news. Good luck for your debt free future
Posted: Thu Feb 12, 2015 7:19 am
by hubert
Excellent news.
But did you sign the new T&Cs to get this through?
I remember this was a sticking point for you before.
Posted: Thu Feb 12, 2015 7:26 am
by mummyx2
Thank you.
Yes we did sign them and all variations were accepted by creditors.
I was concerned the creditors wouldn't accept the settlement because of the t&cs but they did.
Posted: Thu Feb 12, 2015 7:50 am
by Foggy
Congratulations
Posted: Thu Feb 12, 2015 8:58 am
by Shining
Fab news good to hear a positive re CreditFix
Posted: Thu Feb 12, 2015 9:09 am
by mummyx2
Thanks to all of you! a huge lesson learnt!
Posted: Thu Feb 12, 2015 9:56 am
by Michael Peoples
Mummyx2. I hope you don't mind me asking but did creditors agree that CF could increase their fees to 23% from the 15% charged by Melanie and how much was the variation fee? Did they also allow 50% of the PPI monies to be returned to you as I am very curious how they view these things?
Feel free to contact me directly if you do not want to say on the forum and I also understand if you do not want to say anything.
Posted: Thu Feb 12, 2015 1:17 pm
by Sonicboom
Well done. We've got ours next week and haven't signed the new t&cs. Have they said what happens next?
Posted: Thu Feb 12, 2015 6:24 pm
by mummyx2
Hi
the terms of increase of fees was accepted by all the creditors. They didn't have anything on ppi but my variation reports did give a cost to reviewing ppi. i will contact and check if we get 50% of the ppi. However i don't think we have any.
We have to make the payment within 28 days however my parents will make the payment tomorrow. Sooner the better really!
Posted: Thu Feb 12, 2015 6:49 pm
by recovering
I still can't grasp the fact the creditors are just accepting a 8%increase in fees? why is it ok for big firms but not the independent smaller ones? It un-nerves me I can see this being a new PPI debacle in years to come?
Posted: Thu Feb 12, 2015 7:58 pm
by Foggy
My thoughts are that the creditors are favouring the big boys who are then tending to be more creditor oriented. Conspiracy theories abound !
Posted: Thu Feb 12, 2015 10:39 pm
by MrsR
Such fantastic news !
Congratulations on getting it all accepted !!
We hope to join the club very soon ourselves
)