They buy debt in auction lots ... mixed bundles and it is a case of "some they win, some they lose". They don't always know what they are buying until after tyhe deal has been done ... but they are only paying pennies in the pound. It could prove useful later on, if you have to reduce payments or somesuch, because their investment is so much lower and they can take a bigger hit.
I have had endless calls and piles of letter od defults notices as well this week. Some calls i answered and explain some i just ignore not answer at all. I was warned about the call centres and letters might go on for another couple or 3 months by Stepchange. Dont expect so much of the pack you will receive which only contains modification letter you must sign and return and chairman s report showing your iva been approved and whose vote what. There is a booklet with some info.
i still cant believe my iva approved so these letters and calls stiil frighten me and i am stopping myself to ring Stepchange to confirm if its really happened.
İ think we lived with stress so long that its taking time to adjust and sink the idea of i have a plan now..
You take care xxx
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