You will probably find that the debts were sold on to this company at the start.
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. http://kallis3.blogs.iva.co.uk
Thanks for the help so does that mean they got paid off the iva then. As why buy a debt that was going through an iva. Only just realised these were on and I'm not sure what debt they bought. Does it drop off with your iva at the 6 year point. Sorry all the questions just never heard of it before.
Firms buy debts, usually in auction style lots -- like those pallet returns -- they don't know what's in the bundle until they have bought it. They usually pay pennies in the pound for them, so can take the gamble. They are bound by the IVA in exactly the same way as the original creditor and the default will still drop off at the 6th anniversary --- but you do need to watch they they don't put a newer default on file -- if they do, it has to have the same date as the original, so will drop off the same time.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
A lot of companies do sell off debts before and after starting an IVA. It should drop off at the end of the six years but you will need to check your credit record at the end.
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. http://kallis3.blogs.iva.co.uk
