We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

Citi cards transfer

Hi All,
I have had a letter from Citi stating that my card has been transferred to CC Asset Management. There is a thread elsewhere on this, but question is can this affect my IVA which is up and running with one payment left of a two part F&F ?

It would appear from other thread that CCAM are a sub prime card provider and DCA !

Comments

  • armistice
    armistice Posts: 125 Forumite
    Part of the Furniture 100 Posts Photogenic Combo Breaker
    Simple answer, no it cant effect it. (I assume the original debt was included in your IVA)

    I completed my IVA in 2008 and a surprising 60% of my creditors sold their debts. Your letter should have explained that the transfer doesn't effect your agreement.
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 353.6K Banking & Borrowing
  • 254.2K Reduce Debt & Boost Income
  • 455.1K Spending & Discounts
  • 246.6K Work, Benefits & Business
  • 603K Mortgages, Homes & Bills
  • 178.1K Life & Family
  • 260.6K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.