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Nationwide Default

i have defaulted on a card from this provider. However, despite the default they are stiill charging me late default fees!

Is this allowed? no other provider does this.

Comments

  • glentoran99
    glentoran99 Posts: 5,825 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker Debt-free and Proud!
    Have you wrote to them and arranged any sort of payment plan? A default doesn't mean they automatically stop adding charges
  • National_Debtline
    National_Debtline Posts: 7,998 Organisation Representative
    Tenth Anniversary 1,000 Posts Combo Breaker
    You should check the terms and conditions of what you signed or the account you had (if this relates to a debit card/ current account). Glentoran99 is correct that the creditor can continue to add interest and fees even after the default. To try and stop this you should write to the creditor to negotiate a repayment plan based on what you can afford and ask them to freeze the interest and charges. Good luck,


    Laura
    @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
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