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Is it written off??

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Squidly13
Squidly13 Posts: 1 Newbie
in Loans
I defaulted on a couple of loans and was paying them back through stepchange, however I got this email from one of them that was going into liquidation. I was wondering if after the 6th this debt could be passed onto another agency or is it written off ?
Thanks

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  • [Deleted User]
    [Deleted User] Posts: 35,242 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    edited 23 October 2020 at 5:33AM
    No. But it advises not to make any more payments and that they won't seek to collect the balance.

    it'll be written off once the administrators close the books on the business and any unsold accounts, if yours is in that category.
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