Default to CCj

bewildered1 · 16 November 2017 at 12:38AM

How long on average does it take banks and credit card providers to go from default notices to CCJ?

Also, will they go straight to CCJ or are they more likely to try to recover debts via a DCA first?

Three out of my five creditors have cancelled cards and issued default notices. I was wondering what normally happens next.

Many thanks.

[Deleted User] · 16 November 2017 at 8:59AM

It depends on the amount, the lender and your willingness to repay.

But other collection methods will be tried before seeking a CCJ.

fatbelly · 16 November 2017 at 10:00AM

What normally happens next is that they sell the debt to a debt buyer. Lowell and Cabot are the big ones.

StopIt · 16 November 2017 at 10:09AM

Already addressed here: http://forums.moneysavingexpert.com/showthread.php?t=5743872

That's just another step in the process explained to you. Send the letters as per this thread.

bewildered1 · 16 November 2017 at 11:44AM

StopIt, yes I see that now. Had letters of default notices yesterday and panicked. Apologies for the repeated post.

I have sent the letters.

StopIt · 16 November 2017 at 11:48AM

bewildered1 wrote: »

StopIt, yes I see that now. Had letters of default notices yesterday and panicked. Apologies for the repeated post.

I have sent the letters.

No need for apologies! Just remember this is all a process, with multiple stages and not to panic along the way.

Default to CCj

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