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  • FIRST POST
    • Jon81
    • By Jon81 18th Oct 16, 12:33 PM
    • 85Posts
    • 166Thanks
    Jon81
    Forcing Defaults
    • #1
    • 18th Oct 16, 12:33 PM
    Forcing Defaults 18th Oct 16 at 12:33 PM
    Quick question to gather peoples thoughts







    I am currently on a DMP with StepChange, I've been looking at my Noddle file and some of the creditors have defaulted me around the same time.













    Some of the others however haven't defaulted me and have either marked my file as having missed payments/up to date or arrangement to pay or DMP markers.

    Question is, should I be writing to these creditors and asking them to default the accounts as I'm aware that them being on arrangement to pay will only begin their 6 year clock ticking once they are settled.

    Just wondered about peoples thoughts and if I should try and get them all defaulted now
Page 1
  • National Debtline
    • #2
    • 18th Oct 16, 1:19 PM
    • #2
    • 18th Oct 16, 1:19 PM
    Hi

    In terms of your credit history improving more quickly in the long run, it’s best to default on the debts if possible. The creditors who have marked your file with arrangement to pay may not add a default unless you break the current arrangement by missing payments though.

    James
    @natdebtline
    We work as money advisers for National Debtline and have specific permission from MSE to post to try to help those in debt. Read more information on National Debtline in MSE's Debt Problems: What to do and where to get help guide. If you find you're struggling with debt and need further help try our online advice tool My Money Steps
    • sourcrates
    • By sourcrates 18th Oct 16, 1:47 PM
    • 9,465 Posts
    • 9,293 Thanks
    sourcrates
    • #3
    • 18th Oct 16, 1:47 PM
    • #3
    • 18th Oct 16, 1:47 PM
    Best way to do it is to take matters into your own hands.

    May be more difficult now you are in a DMP, but 6 months of non payment usually gets the desired default.

    Usually best to do this before entering any debt management plan though.
    I'm a Board Guide on the Debt-Free Wannabe, Credit File And Ratings, and
    Bankruptcy And Living With It, boards. I'm a volunteer to help the boards run smoothly, and I can move and merge posts there.
    Board guides are not moderators and don't read every post. If you spot an abusive or illegal post then please report it to forumteam@moneysavingexpert.com. Any views are mine and not the official line of MoneySavingExpert.com.

    For free debt advice, contact : Stepchange, National Debtline, or, CAB.
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