"Nature of breach - you are proposing to enter into an IVA"

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rachel270

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Post by rachel270 » Sun Sep 09, 2018 8:59 pm
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?

Thanks guys!

recovering

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Post by recovering » Sun Sep 09, 2018 10:26 pm
I would imagine it is a computer generated letter. I would just forward to your IP. If your IVA has been approved they cannot do anything

luluj

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Post by luluj » Mon Sep 10, 2018 3:45 am
Ignore it ..you are fully covered by your iva and Barclays teams are not yet up to date with latest info that iva is now approved. Pass the letter onto your IP and get them to contact them ...
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Foggy

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Post by Foggy » Mon Sep 10, 2018 6:46 am
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.
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kallis3

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Post by kallis3 » Mon Sep 10, 2018 8:16 am
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.
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rachel270

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Post by rachel270 » Mon Sep 10, 2018 9:58 am
Thanks all - i'll give my IP a ring later :)

Ryan

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Post by Ryan » Mon Sep 10, 2018 10:26 am
As Foggy says you want them to default you now as then the default will fall off after 6 years. Much better than having to chase them in 6 years time to get default dates amended.

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