Letter Template

alboy850

Hi, I need to write to one of my creditors who have issued a default notice. Many months ago I saw a template on here. I need to send a letter stating that I am in a DMP and you have had copies of my budget etc.

Could someone send me a link.

matttye

Are you in a self-managed DMP or with a debt charity? If the latter, you should pass the notice onto the charity and ask them to respond accordingly.

That said, creditors are required by law to send a default notice and give you the chance to stop the action from occurring plus warn you about potential court action etc. It doesn't necessarily mean they don't accept your DMP.

Bettingmad

As above really, is it notice of intended default or an actual default notice? You need to read it carefully to see which one it is. Never the less, it is not something to be concerned with, companies are required to send on notices of default. If it is an actual default then it is all the better as it will fall off your credit report 6 months from the date of issue.

TBH you only need to determine whether it is a notice of default or the actual default and file it away for safe keeping. I wouldn't even bother informing your DMP provider as it makes no difference at all.

matttye

Bettingmad wrote: »

As above really, is it notice of intended default or an actual default notice? You need to read it carefully to see which one it is. Never the less, it is not something to be concerned with, companies are required to send on notices of default. If it is an actual default then it is all the better as it will fall off your credit report 6 months from the date of issue.

TBH you only need to determine whether it is a notice of default or the actual default and file it away for safe keeping. I wouldn't even bother informing your DMP provider as it makes no difference at all.

6 years from date of issue, not 6 months!

Bettingmad

matttye wrote: »

6 years from date of issue, not 6 months!

Quite correct, I accept your telling off. Don't know why I ended writing 6 months, must be Sundaay morning brain disfunction.

alboy850

The letter states that it is a "Default Notice Served on Me" under section 87(1) of the consumer act 1974.

They are chasing arrears and want paying within 21 days the sum of £561.81. Being in a DMP I do not have this.

Further action "MAY" be taken against me.

fermi

That is the wording set down in law that they have to use, whether they intend to carry on accepting the DMP or not.

alboy850

I realise that is what t hey have to do by law and that's fair enough. Do I write to them or just forward this onto Stepchange.

matttye

alboy850 wrote: »

I realise that is what t hey have to do by law and that's fair enough. Do I write to them or just forward this onto Stepchange.

Pass onto Stepchange, they'll respond if they feel its necessary and it'll put your mind at rest

alboy850

I will do, many thanks for the replies.

It always amazes me how reassuring reading these and others posts make you feel.