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T O P I C R E V I E W
bennieblueeyes
Posted - 06 June 2008 : 10:23:12 I took out an IVA two years ago, my circumstances are about to change and I will have to go BR. Just after I had the IVA I had two letters saying this company had bought my debts. I did not need to do anything they were just letting me know. Will this have an effect on my BR application at all.
Posted - 06 June 2008 : 13:38:18 Thank you skippy13 and thank you Julian. I have kept the information and all letters.
JulianDonnelly
Posted - 06 June 2008 : 12:19:21 This will have no effect on your BR. It is common for unsecured debts to go through a number of debt collection agencies. When filling our your SOA, try to list the current owner of the debt and make a reference to the original lender.
Posted - 06 June 2008 : 11:26:05 Some of my debts had been sold when I went BR and it didn't make any difference. If I remember correctly when I completed the forms I had to list the name of the debt (e.g. Barclaycard) and the details of the company that bought the debt (e.g. Max Recovery).
Tomorrow is a mystery, yesterday is history, today is the present, a gift to make the most of.
