Good stuff ann910.

That certainly backs up Chris Parry's statement and contradicts the correspondence I received.

My hope is that I was provided with incorrect info and that I will receive info more in line with my original agreement and what was said by Chris Parry.

Thanks TDA

It is reassuring to receive this from Creditfix.

Hopefully soon Diamond Chap.

It has been a worrying time.

Hi Diamond Chap.

I can see where you're coming from, but I'm not sure I see the same contradiction that you do.

David articulated his thoughts about that wording you received in an earlier post really well and it's very similar to my own. The words can be read in a number of ways, though perhaps that's more apparent to those that understand the internal machinations of this type of business a little more through their daily working experience.

Anyway... I bet we both hope that I'm right and you're wrong!!

After numerous exchanges of email and phone calls CF have agreed that my TD paperwork (Mtg Mins, Supplementary Notes and emails which I kept thankfully) state that the Equity Valuation was only to be carried out at the start of the TD and that there was no Equity at that time. This was reported to the Creditors.

CF have informed me that this was wrong and have offered me a 12 month extension to my TD to address Equity.

I did say that Chris Parry(CF) had posted the message which said that
"any commitments made to you by the previous Trustee will of course be honoured"

This could impact on many of the cases transferred.

I was told that Chris Parry (CF) is now in discussions with Mark McFadden (PJG) and await an outcome.

Can CF change the initial agreement ?

Mark, are you able to give us any detail on the discussion ?

Well we never saw that coming eh......

Oh no !

Diamond Chap, are they offering the extension without having a valuation done? ie pay another 12 months of your current payments no questions asked?

CF guy 1 - hey we bought some new trust deeds from another company.

CF guy 2 - yeah thats great.

CF guy 1 - yeah lets treat them well and do good things.?á

CF guy 2 - yeah good idea.

BOTH - all is well hooray.

Looking like I was right from the start, will not say too much for now. But let's put it one way, if the original paperwork from PjG is not worth the paper it is written on then they are to blame. If CF are just chancing their luck then this will sort itself out. Either way if I get hit with a large equity bill my lawyer will be talking to PJG about misselling the TD.

Surely a TD is a legal document that must be adhered to.

What was signed should surely be what is protected ?

I don't want to go into any more detail at the moment.
I thought as part of the Handover, Equity would feature.

I will see what develops.

Well what a surprise eh....this is a shocking abuse of vulnerable people and represents the brutal and relentless approach these basically unregulated #*?Ñ#% use in getting as much money from people as possible, no matter what the emotional cost....PG&co hold your heads in shame....we went to you because you sold yourselves on this forum along with Mark McFadden as a genuine outfit who would be honourable from start to Finnish...and you so called trust deed advisor...you consistently utter about how we shouldn't jump to conclusions and post a worthless so called Chris Parry statement...why don't you give honest advice to forum members rather than a one sided tow the line commercial answer....well Phillip Gill&co you can expect a letter from my solicitor very soon about the miss selling of these products...I'm sure I won't be the only one....abs disgusted by all you in this industry but am sure one day you will be sanctioned by the financial authorities just like the banks with their PPI....

Hard to disagree with any of the above statement. As a side note I've requested original meeting notes from PJG. They're unable to help as they say all paperwork has been passed to Creditfix. Looks like it wouldn't have made the slightest difference whether I had it or not now.

Surely they cannot do that? Can they?