We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Wow, default notice from First Direct after 6 days...
rubyinthesky
Posts: 79 Forumite
...late with payment! Is this usual?
I entered the DMP, which started on 1st April. My payment was due on 1st too for the loan. Never been late with a payment previously. I hold my current account along with the loan from First Direct but have opened a Co-op Cashminder account as advised.
They said they'd be closing my bank account when I told them about StepChange and they put my account on hold for 60 days until they hear from SC with an offer.
Just a bit surprised they did it all so quickly.
I entered the DMP, which started on 1st April. My payment was due on 1st too for the loan. Never been late with a payment previously. I hold my current account along with the loan from First Direct but have opened a Co-op Cashminder account as advised.
They said they'd be closing my bank account when I told them about StepChange and they put my account on hold for 60 days until they hear from SC with an offer.
Just a bit surprised they did it all so quickly.
0
Comments
-
Is it a proper default notice or a charge default sum for late payment?:beer:0
-
It says it's a Default Notice served under section 87 (1) of the CCA0
-
Wow.
They have done you a favour really. As gone 6 years from the default date.:beer:0 -
In fact the letter was dated 2 April, so I was issued a default notice after a day!0
-
I guess they're efficient!
This is a good thing. It marks the beginning of the new chapter you've begun and as others have said this will help you in the longer term. Much more efficient than HSBC who told me that my accounts (like you there's a loan, credit card and overdraft) were on hold then rang a few days later!
Onwards and upwards!
Kate xLBM 17th Oct13 - SC DMP - DFD 10th Feb 2018
paid pre-DMP £6146
paid with DMP £2275 F&F's £700 (£450 discount) £1,000 (£1,498.22 discount) £ 700 (489.62 discount) Total £9725
Current debt to repay £3,503.13 taking one day at a time0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.1K Banking & Borrowing
- 253.6K Reduce Debt & Boost Income
- 454.2K Spending & Discounts
- 245.1K Work, Benefits & Business
- 600.8K Mortgages, Homes & Bills
- 177.5K Life & Family
- 258.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards