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Closed account - notice of default served with NO WARNING
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MLE1
Posts: 4 Newbie
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Hi,
What you have to understand is that defaulting on a credit account, and a default on your credit file, are two entirely separate things.
They can call in there account at any time.
If you have complied with the default notice, and paid what you owe, within the timescale quoted, then a default will not be registered on your credit file.
One is completely seoerate from the other.I’m a Forum Ambassador and I support the Forum Team on the Debt free wannabe, Credit file and ratings, and Bankruptcy and living with it boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.For free non-judgemental debt advice, contact either Stepchange, National Debtline, or CitizensAdviceBureaux.Link to SOA Calculator- https://www.stoozing.com/soa.php The "provit letter" is here-https://forums.moneysavingexpert.com/discussion/2607247/letter-when-you-know-nothing-about-about-the-debt-aka-prove-it-letter0 -
sourcrates wrote: »Hi,
What you have to understand is that defaulting on a credit account, and a default on your credit file, are two entirely separate things.
They can call in there account at any time.
If you have complied with the default notice, and paid what you owe, within the timescale quoted, then a default will not be registered on your credit file.
One is completely seoerate from the other.
That is my confusion, this notice of default served under section 87(1) of CCA implies that my account is in default stage and will be recorded on my file...regardless if I pay or not, if I pay it will simply be a paid in full/ 'satisfied' default.. that is my worry0 -
Also worth mentioning the account is over a year old with no late payments whatsoever...
I know someone who got caught out with the council tax two late payments triggers them demanding it all up front, because he waited until the day the payment was due to pay. Which meant that he was late, because of the time it takes to reach his account. If you pay by direct debit then it removes that problem.
You need to ask them what is going on.0 -
That is my confusion, this notice of default served under section 87(1) of CCA implies that my account is in default stage and will be recorded on my file...regardless if I pay or not, if I pay it will simply be a paid in full/ 'satisfied' default.. that is my worry
Normally if you satisfy the breach in the given timeframe, no further action is taken.
Although you should refer to the letter they have sent you.I’m a Forum Ambassador and I support the Forum Team on the Debt free wannabe, Credit file and ratings, and Bankruptcy and living with it boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.For free non-judgemental debt advice, contact either Stepchange, National Debtline, or CitizensAdviceBureaux.Link to SOA Calculator- https://www.stoozing.com/soa.php The "provit letter" is here-https://forums.moneysavingexpert.com/discussion/2607247/letter-when-you-know-nothing-about-about-the-debt-aka-prove-it-letter0
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