We had a call out of the blue this morning from Apex Credit management.
My IVA was approved back in November and the overdraft on our joint account was included. My wife entered into a DMP with her CC company. All rosy or so I think.
It transpires that the bank can go after my wife for ALL the remaining balance on the joint account. A fact which was never pointed out by our IP. Therefore, I offered all our DMP allocation to my wifes CC company which they accepted.
Then this morning, Apex call to say they want £2000 today!!! Obviously we dont have the money, so I have sent them a copy of the I&E sheet we prepared for the IVA and offered then a token amount of £10 per month.
I have never heard of APEX before and was therefore wondering if anyone has any experience of dealing with them.
At the moment I feel totally deflated. Life on the IVA & DMP is hard, but we are happy and just about coping. Then this. Its like the nightmare is starting again, but this time we have nothing more to give.
I really feel like chucking the whole b***** lot in and going down the BR route. Something which I never wanted to do as I always felt a bit of a moral responsibility to pay our debts back.
Sorry for the moan... but if anyone has any experience with apex, please let me know.
Apex are based in Stratford upon Avon - I am in the NE but they do appear from time to time up here; they claim to be sympathetic (do not say to whom) but have no experience of them myself.
It could be either - they do credit managment, debt collection and debt purchase.
I'm sure Lloyds will tell you if it is in someone elses hands.
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
Don't throw the towel in Flush. Who is your IP? Did he/she not inform you about the joint and several liability on the joint debt?
Maybe speak to a professional firm to sort out your wifes problem on this matter.
Last edited by David Mond on Thu Apr 23, 2009 8:24 am, edited 1 time in total.
Regards, David Mond, Insolvency Practitioner for over 46 years. Personal Insolvency Practitioner of the year 2012, Personal Insolvency Practitioner of the year finalist 2013 & 2014 awarded by Insolvency & Rescue Magazine and 2015 finalist for Personal Insolvency Firm of the Year.
