Debt sold to another company

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Post by Nickibu82 » Fri Dec 04, 2020 9:50 pm
I've received a letter to say one of my debts has been sold to another company. It says it won't affect my IVA but can they insist on any changes? I've just had a 12 month extension agreed in place of equity release, can they go against this? Thanks


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Post by kallis3 » Fri Dec 04, 2020 10:02 pm
It's quite usual for debts to be sold on. Nothing for you to worry about and it won't affect your IVA at all.
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.
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Post by Foggy » Sat Dec 05, 2020 10:33 am
As Kallis says, it will not affect the current arrangements, they are bound as if they were the original creditor.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
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