IVA with debt passed onto a debt collector?

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misslm

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Post by misslm » Fri May 02, 2008 11:23 pm
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Can i still set up an IVA if one of my debts has been passed on to a debt collector?
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ianmillington

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Post by ianmillington » Sat May 03, 2008 12:30 am
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Yes, that's not a problem. The IP you choose will need to determine whether it's been simply passed for collection or sold but other than that it's not really significant.

Ian
Ian Millington
Insolvency Director
PDHL Ltd (formerly Personal Debt Helpline Ltd)
www.pdhl.co.uk
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size5

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Post by size5 » Sat May 03, 2008 12:32 am
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Yes you can.

I would estimate that 85% of people I speak to haven't missed payments on their debts, but all that that usually indicates is that credit is being used to pay credit. Personally, I prefer to deal with cases where debts have been passed on, because then there is much less of a risk of the "denial" syndrome. It is unfortunate, but what happens from here on in is the most important thing, if you recognise that a problem exists then take the necessary advice and sort it out before it gets any worse.

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size5

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Post by size5 » Sat May 03, 2008 12:34 am
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Typing at the same time Ian?

We are up late again it seems.

Regards.
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ianmillington

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Post by ianmillington » Sat May 03, 2008 12:49 am
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I'm off to sleep now Michael! Have a good weekend.

Ian
Ian Millington
Insolvency Director
PDHL Ltd (formerly Personal Debt Helpline Ltd)
www.pdhl.co.uk
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size5

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Post by size5 » Sat May 03, 2008 12:53 am
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Same to you Ian, playing cricket tomorrow so may not post again till tomorrow night or sunday.

Not sure my knees can take it mind.....
Cert DR
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I do not post for anyone other than myself

Follow my tweets at http://twitter.com/debtmastersize5
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