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Debt sold to another company
Posted: Fri Dec 04, 2020 9:50 pm
by Nickibu82
I've received a letter to say one of my debts has been sold to another company. It says it won't affect my IVA but can they insist on any changes? I've just had a 12 month extension agreed in place of equity release, can they go against this? Thanks
Re: <t>Debt sold to another company</t>
Posted: Fri Dec 04, 2020 10:02 pm
by kallis3
It's quite usual for debts to be sold on. Nothing for you to worry about and it won't affect your IVA at all.
Re: <t>Debt sold to another company</t>
Posted: Sat Dec 05, 2020 10:33 am
by Foggy
As Kallis says, it will not affect the current arrangements, they are bound as if they were the original creditor.