Hello everyone, just a quick question. I've looked on my credit report and a lot of my debts are not with the original banks but with people like Max Recovery and sobco or something like that. Do they know about my IVA and will they start hassling me once my iva is finished ?
This is very common and companies like Max buy the debts and just wait for the dividends. They are actually very supportive when it comes to variations and full and final settlements so no harm in them owning your debts.
Even if they get in touch you can tell them to get lost once you have completed an IVA.
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
They are bound by the IVA in the same way as the original creditors were. Some buy debts not realising they are part of an IVA and might need reminding if they contact you. Max are pretty much on the ball and should offer no hassle.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
