Additional debt?
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have seen before instances where a debt has been sold on and the IP has added this as a new debt in error, alongside the old debt, when they are, in reality, one and the same --- make sure they are not doing this here.
I was reading this forum & I have a horrible feeling this is what’s happened to me- I had a letter last year advising me that I had an additional debt from MAX Recovery that had come to light after 3.5 years of paying into my IVA-the money was an additional 4K. I was so worried about it stopping my IVa altogether at the time that I didn’t question it properly, but my IVa was made up of unsecured loans & credit card debts, all of which I knew of. Is this something I can look into further now I am armed with a bit more knowledge or do I have to suck it up now it has been added to my IVa? (An additional 12 months of payments was agreed by my creditors upon a meeting about it)?
I was reading this forum & I have a horrible feeling this is what’s happened to me- I had a letter last year advising me that I had an additional debt from MAX Recovery that had come to light after 3.5 years of paying into my IVA-the money was an additional 4K. I was so worried about it stopping my IVa altogether at the time that I didn’t question it properly, but my IVa was made up of unsecured loans & credit card debts, all of which I knew of. Is this something I can look into further now I am armed with a bit more knowledge or do I have to suck it up now it has been added to my IVa? (An additional 12 months of payments was agreed by my creditors upon a meeting about it)?
Dinnynat wrote:have seen before instances where a debt has been sold on and the IP has added this as a new debt in error, alongside the old debt, when they are, in reality, one and the same --- make sure they are not doing this here.
I was reading this forum & I have a horrible feeling this is what’s happened to me- I had a letter last year advising me that I had an additional debt from MAX Recovery that had come to light after 3.5 years of paying into my IVA-the money was an additional 4K. I was so worried about it stopping my IVa altogether at the time that I didn’t question it properly, but my IVa was made up of unsecured loans & credit card debts, all of which I knew of. Is this something I can look into further now I am armed with a bit more knowledge or do I have to suck it up now it has been added to my IVa? (An additional 12 months of payments was agreed by my creditors upon a meeting about it)?
Thanks Foggy!
Now any ideas where I start with it?
Would my IVA people be the best people to start with or do I have to prove it was a sold on debt? All very confusing
1/2 way through my IVA I was informed of Additional Debt, I refused to acknowledge the debt as mine in a letter to my IP as I did not recognise the creditor or the amount. Turns out it was an included debt that had been sold and bought a few times, last one to buy it found out I was in an IVA and submitted it to my company. Didn't take long for GT to realise their mistake and rectify it once I questioned it.
MerlinL14 wrote:1/2 way through my IVA I was informed of Additional Debt, I refused to acknowledge the debt as mine in a letter to my IP as I did not recognise the creditor or the amount. Turns out it was an included debt that had been sold and bought a few times, last one to buy it found out I was in an IVA and submitted it to my company. Didn't take long for GT to realise their mistake and rectify it once I questioned it.
Fab thank you
I was quite ill last year on and off so I didn’t think to question it properly at the time (my fault I know)- but I have this morning phoned the number I found for Max Recovery & spoke to a helpful lady who confirmed the original debts refer to 2 creditors who were already listed on my original IvA. I’m going to contact Creditfix this afternoon by phone initially and see how I get on-wish me luck! Thanks for all your advice!
MerlinL14 wrote:Glad you got to the bottom of it and it looks like it is going to be all good.
Thanks Merlin! They were a bit wishywashy on the phone to me, but I’m going to dig out my paperwork to back up my point-they are going to get back to me apparently within 2 weeks so I shall ensure I am forearmed!
What a fab forum I have found here
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