www.iva.co.uk

Is is easier to get IVAs approved with collection agencies than with original creditors?
I.e. leave 3 months of no payments so debts get defaulted and sold on before you propose an IVA?

Each iva is individual, based on unique set of circumstances so therefore each application decided on its own merits.

It's not usual for them to be sold on immediately. If you default without doing a repayment plan of some sort it will still reflect badly on your credit record.

You need to decide which route to go down and speak to a couple of companies for professional advice.

As Kallis says some loans are not sold on until the final throes of an IVA, if at all. Add to this that some collection agencies who purchase loans can be quite aggressive and I would say it was a risky strategy.