www.iva.co.uk

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.

Thanks all.

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.

Hi
Spread your wifes DMP payment between all her creditors on a pro rata basis.
Are you using a DMP company or doing it yourself ?
Regards

Doing it ourselves Andy. I'll have to call LTSB credit card and ask if they will accept a reduced payment so I can make contributions to Apex.

Do Apex fully own the debt now ? or is it still in the hands of Lloyds ? I'm not sure how these people work.

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.

Hi
Stick to your guns and spread the money out on a pro rata basis between them. They will accept it if you are persistent.
Regards

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.