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Post by PHOENIX » Fri Jul 15, 2011 11:33 pm
During the 5 years of my iva every year that past i got letters from Max recovery. six of my creditors had sold the debt on to them. but they are the only ones of all my crediters who have ever sent these balance letters. just wondering if anyone else have had the same correspondence from them.


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Post by KAYKAY » Fri Jul 15, 2011 11:40 pm
Yes, we did too. Again they were the only creditors to send the balance statements.
IVA Completed August 2011


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Post by Foggy » Sat Jul 16, 2011 10:55 am
Max R had bought a couple of my debts by the creditors meeting, and I have just been told they have bought the MBNA debt now, too. I look forward to hearing from them :-)
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014


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Post by herbekj » Sat Jul 16, 2011 11:32 am
I get them and the letters are clear, polite and make a point of telling you that there is nothing you need to do regarding the correspondence.

I actually find it quite reassuring to see payments from my IP are really reaching the creditors and my outstanding balance dropping.
Last Payment - November 2011 - Completion Certificate received 2 weeks after last payment, Removed from Insolvency Register within 4 weeks after last payment.


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Post by Shining » Sat Jul 16, 2011 12:12 pm
Yes I've had letters too and like herbekj, it's reassuring x
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.


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Post by lukeofyorkshire » Thu Jul 21, 2011 5:01 pm
I wonder if I have been getting letters as well seeing as how I have moved twice since I had the debts they will not know where I am now lol.
1st payment Oct 2008, last payment Dec 2013. Certificate received March 2015 due to PPI claim.


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Post by dizzy.r » Thu Jul 21, 2011 5:21 pm
Yes, us too, also like Herbiekj and they are the only ones who sent statements.


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Post by kazzafunk » Thu Jul 21, 2011 5:25 pm
It's like a game isn't it! I've had the phone calls, the threat of court, the letter from Mercers, now for my full hand I am waiting to see if I get a letter from MAX recovery!! lol

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IVA completed 21/03/2012


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Post by No_Money » Thu Jul 21, 2011 9:37 pm
If the debt is Sold on does the amount paid go towards the original debt with the lender?
Officially debt free as of 10th Feb 2015


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Post by kallis3 » Thu Jul 21, 2011 9:41 pm
If the debt is sold on then the original debt goes the company who purchases it.

If you fail your IVA then you will owe the original amount, regardless of who owns the debt.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley.
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