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    • Floopy2009
    • By Floopy2009 9th Jul 17, 12:46 PM
    • 18Posts
    • 7Thanks
    Floopy2009
    Just some advice please on Letter i have recieved
    • #1
    • 9th Jul 17, 12:46 PM
    Just some advice please on Letter i have recieved 9th Jul 17 at 12:46 PM
    Hi all,

    Currently i am looking to default my accounts and go self managed when passed over to 3rd party companies

    I think i am getting there however i have recieved the following letters saying

    Argos

    Further action will include passing your debt over to a recovery specialist or legal action to obtain a CCJ

    Studio (They have defaulted me) and said

    We will take take necessary action to obtain debt it fall, this could include passing account to an external agent who may be instructed to call at your home

    Is there anything i need to worry about (ccj or external agent knock) or just continue to ignore until default and passed over

    Thanks
    Last edited by Floopy2009; 09-07-2017 at 1:00 PM.
Page 1
    • sourcrates
    • By sourcrates 9th Jul 17, 1:40 PM
    • 11,885 Posts
    • 11,392 Thanks
    sourcrates
    • #2
    • 9th Jul 17, 1:40 PM
    • #2
    • 9th Jul 17, 1:40 PM
    Hi,

    Standard response template letters creditors send out for non payment.

    Notice the phrase "could include" not "will include".

    Usual scenario is to sell the debt on to a specialist debt purchaser such as Lowell or Cabot.
    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 either : Stepchange, National Debtline, or, CAB.
    For Legal advice see : http://legalbeagles.info/
    • fatbelly
    • By fatbelly 9th Jul 17, 2:38 PM
    • 11,218 Posts
    • 8,386 Thanks
    fatbelly
    • #3
    • 9th Jul 17, 2:38 PM
    • #3
    • 9th Jul 17, 2:38 PM
    I agree

    How long is it since you stopped paying?
    • Floopy2009
    • By Floopy2009 9th Jul 17, 6:40 PM
    • 18 Posts
    • 7 Thanks
    Floopy2009
    • #4
    • 9th Jul 17, 6:40 PM
    • #4
    • 9th Jul 17, 6:40 PM
    Yeah i though as much but wanted to check as these are the first type of letters i have had on the journey

    Fatbelly about 6 payments now
    • fatbelly
    • By fatbelly 9th Jul 17, 7:07 PM
    • 11,218 Posts
    • 8,386 Thanks
    fatbelly
    • #5
    • 9th Jul 17, 7:07 PM
    • #5
    • 9th Jul 17, 7:07 PM
    OK they should be sending defaults.

    3-6 missed payments is the norm.
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