I am currently in month 54 of my IVA and having refused to entertain an offer of early closure by taking out a Perinta loan through creditfix I have found that I am to do a further 12 months in lieu of equity in my house. CF have confirmed this by email at my request. I was not asked to remortgage and see this as a blessing.
So far so good. So as the next 18 months will probably go quicker than I expect I have started looking at my credit records with the 3 CRA's in a bit more detail. In my head I'm getting ready for the big credit clean up ... I know it's ages off yet but it cheers me up to think it is getting closer.
Anyway whilst looking at one of the reports which has a timeline with events on. I noticed that a couple of my accounts have been settled with a zero balance as recently as last year.
Is this because the debts have been sold on? If so assuming my IVA doesn't fail, will the new creditors be able to chase me on conclusion of the IVA?
I'm pretty sure the answer is no, but I'm trying to head off a good old fashioned panic attack. I'd hate to have gone through all this just to fail at the final hurdle and get a CCJ or something.
Sorry for the long winded question by the way.
If you are confident there is significant equity then as you say it might not be worth the hassle.
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