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iva problems
paulypaul281280
Posts: 1 Newbie
in IVA & DRO
I'm currently in an iva of whick my main creditor has sold on their debt to a collection agency. How does this effect my agreement of the iva, especially as the debt in question is the majority of my overall debt so can the new collection agency influence my initial agreement or do they have to comply with the original agreement
0
Comments
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It has no effect at all, the new agency is still legally bound.0
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As above, your IVA is a legally binding agreement between you and your creditors, the new DCA is bound by the same rules as the previous creditor, no need t o worry, your IP will handle any queries arising from this.I’m a Forum Ambassador and I support the Forum Team on the Debt free wannabe, Credit file and ratings, and Bankruptcy and living with it boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.For free non-judgemental debt advice, contact either Stepchange, National Debtline, or CitizensAdviceBureaux.Link to SOA Calculator- https://www.stoozing.com/soa.php The "provit letter" is here-https://forums.moneysavingexpert.com/discussion/2607247/letter-when-you-know-nothing-about-about-the-debt-aka-prove-it-letter0
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