Default notice - Natwest

thenightporter

10past6 thankyou! That's really helpful.

I'm not worried about the default in itself - we've obviously defaulted from the T&Cs by entering into the DMP & I've seen people say that the sooner they come the better BUT I would really like to avoid going to court. Hopefully our financial situation has stabilised after a turbulent few years but I would much rather pay under an informal DMP than a court judgement.

In this case the loan is my wife's - she has no income other than child benefit (full time mother) & our house is in my name only.

10past6

If you can afford it, I would still request your SAR, this is for your benefit and anyone reading this thread.

I mentioned earlier, he who shoots first usually wins, creditors these days are becoming more aggressive by the day, and abusing the court system by whatever legislation is available to them, one of the most common abuses is trying to obtain a charging order on someone's home.

I'm not trying to scare you, but you need to be prepared with as much ammunition as possible in the event of any litigation coming your way, emotions / personal circumstances / health issues have no barrier when it comes to creditors.

thenightporter

We will send the SAR.

In this case though they can't secure a charging order on my house for a debt in someone else's name (not a joint debt) surely

10past6

thenightporter wrote: »

In this case though they can't secure a charging order on my house for a debt in someone else's name (not a joint debt) surely

No they can't, that don't stop them threatening tho.

thenightporter

That's great 10past6, I really appreciate your input.