such a relief to be able to get to sleep

[cotterar]

Firstly, what a fantastic site. My partner and I started our IVA nearly 2 years ago, it is such a relief to be able to get to sleep of an evening. Anyway to my question.
I have just recieved a letter from the Nationwide (one of our creditors who we initialy owed 24K) it says
"Dear Mr XXXXX
Thankyou for your recent payment of £77,37p recieved today. However, the above loan account has been written off and therefore no further payments are required. BLAH BLAH BLAH". They have sent me the cheque back which is a company cheque from our IVA company. I am going to send them the letter and cheque back as I feel this should have really gone direct to them. Now the account has been written off should this affect the monthly payments my partner and I pay to our IVA company?
Many thanks- Slim

[MelanieGiles]

Hi cotterar and thank you for the kind comments about the site!

What an absolutely bizarre letter to receive! I suggest you send it on to your Supervisor to deal with. I can only guess that Nationwide have actually sold the debt on - this is quite common these days - and that your Supervisor may not have updated his/her accounting system. If Nationwide have indeed written it off - then there will be more money to for the rest of your creditors to share, so unfortunately you will see no advantage.

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

For further details contact me at http://www.melaniegiles.com and view my IVA blog at: http://melaniegiles.blogs.iva.co.uk