IVA completed in 2012 but debt sold to Lowell Finance last week

richieduke

Hello Forumites,

I completed my IVA in 2012 and all defaults were removed from my credit files in 2013. Amongst my previous debts was a £25,000 debt to HFC Bank Ltd (made up of £15,000 debt and £10,000 insurance).I received my IVA certificate of completion from the High Courts.

2 weeks ago I got an alert that a search was done on my credit file by Lowell Finance.

Last week I got a letter from Lowell and HSBC (owners of HFC Bank) in the same envelope stating that the debt of £12,000 had been sold on to Lowell by HSBC.

HFC had received their monthly payments during my 5 year IVA tenure which has been settled in 2012. What right do Lowell have to hound me for an IVA settled debt? Do I engage with Lowell or ignore them? Any letter templates? Is my debt which defaulted in 2007 also statute barred?

N/B:Amounts mentioned are not the exact ones.
Thanks

UpToMyNeckInIt

Just forward them a copy of your IVA completion cert. and point them in the direction of your former IP if they have further enquiries.

That should be the end of that.

You are protected by the IVA, so you will have nothing to worry about.

richieduke

Thanks very much for the advice.