Terms & Condiitons

[maggiekate]

Hi
My husband and I have one year left of our 6 year IVA with Debt Free Direct and we have just received a terms and conditions change and they want us to sign them. Has any one else received them and if so could I have your comments.[:)]

[Til]

We've had the same with 8/9 months left to go. We have rejected the new T&C's.

We did this because we have already dealt with PPI ourselves.

Also I firmly believe I would never have entered an IVA had I thought for a second I could have been lumbered with a secured loan at the end of it (potentially up to retirement age) which is not in the spirit of exiting an IVA debt free. Even though we don't have equity ourselves, I cannot condone such an amendment and would not have agreed to it originally.

However you must read the whole thing carefully and consider what is best for your personal circumstances as if PPI is not resolved you may find your closure can take an endless amount of time.

I think it is important however to consider carefully before accepting the new T&C's as there are some very serious additions added in.

Hope this helps