Hi tda. Yes I recall the statement. I think its safe to say equity is not something they are going to honour. Too many folk are saying it now.

It will be safe to say that if it starts happening in reality steve1984. I don't think that's a safe statement based upon actual evidence.

You're entitled to your view of course, but for everyone else reading please know that at this stage no such thing has actually happened according to what we've read here.

RYB did you get told at the start about how your equity would be handled at the end of your trust deed and do you have anything in writing thanks

Mary, I can't for the life of me see how you could be happy extending your Td for another year? 36 payments I was told and to be honest I'm counting down every single one because it is a day to day struggle to balance the books. I haven't bought any clothes in a year and every birthday/occasion is a struggle. No 'significant' changes to the Td is what we have been told by all parties... well I don't know how everyone else feels but a year onto my TD is more than significant. However, as TDA states, it is not worth getting our feathers ruffled until all of this comes to fruition - however, if I stick to my side of the deal and keep up with payments etc I will, as Steve1984 states, fight it to the death.

Hi littlemo,

I was originally told no equity based on a desktop valuation. I then discovered in my paperwork a claim of £1400 was due at end of trust deed for equity. I queried this and have email confirmation this is an error and they would not pursue equity at the end of the TD. I've already forwarded these emails to credit fix.

Thanks

I'm not exactly jumping for joy as I signed up for 36 months too but I'll need to wait until January and will cross whatever bridge I need to cross at this time. Creditfix DID NOT confirm that this will definitely happen but explained the process should it need to. I understand that they need to review all TD's transferred from Phillip Gill to satisfy themselves that the TD was set-up and administered correctly in the first instance. I strongly suspect that's what any other Company would do under the same circumstances, and Phillip Gill would be no exception.

Hi All,

Decided to update my own thread as it has my original post about my circumstances.

Anyway, I have positive news. I saw Mary's recent posts and decided to phone Creditfix, agreed to a callback which happened promptly this time and was told my case has progressed and I should receive my form 5 by end of next week, start of the following week.

There was no mention of equity so I asked as it was mentioned on previous calls. I was told there is no issue with that and it progressed past that stage anyway so looks like they have honoured the email I sent them confirming equity would not be pursued which is great news.

It's hard not to get ahead of myself but it all sounds promising so credit where credit is due to Creditfix.

I'll update once the envelope drops through the door.

That's great news, looking like creditfix are honouring the PJG agreement. Two lots of good news today so definetly feeling better about the whole situation. Please do keep us informed about your progress. But looking like you will be debt free soon, bet your glad.

I'm very glad to hear that RYB.

Thanks for sharing your news with the forum and please let us know how this develops from here.

It sounds like things are starting to move in the right direction which is good news.

Keep us updated and let us know when you receive the Form 5!