I have received a letter from Barclays this weekend... a notice of default.
My iva was approved two weeks ago and i had spoken to Barclays and they said i didn't need to do anything and they would stop calling me. This letter basically says
"Nature of breach - you are proposing to enter into an IVA"
And then goes on to say
"To remedy this breach you are required to take the following action on or before 4th oct - Withdraw your proposal an IVA"
If the action required by this notice is taken before the date shown no further enforcement action shall be taken.
It is also asking me for full and immediate repayment!?
Is this just scare tactics or a last ditch attempt to get the money from me?
Should i tell my IP about the letter?
Pass the letter to your IP -- it is just a computer generated letter in the default process and, perversely, you do want them to issue a default (dated on or around the date the IVA starts) as defaults will drop off your credit files when 6 years old.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014 http://foggy.blogs.iva.co.uk
I agree it is a generic letter, especially considering your IVA has been approved! Pass it on to your IP and let them deal with it.
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