DMP mutual support thread part 13 !!

AgentBigBoss

And also, is it possible creditor starts legal action just after default notice and before account is marked as default?

sourcrates

@AgentBigBoss Yes to all.

Jonnychang87

Good afternoon all, I have received an email from antelope loans in june stating If your arrears are outstanding for more than 180 days, we may issue you with a Termination Notice and transfer your account to a debt collection agency. A default would be registered to your credit file at this time.

Then in September I had Your account has been passed to us from our collections department due to your account terminating and a default being registered on your credit file from antelope loans too. I can't see a default as this account doesn't show on my credit file anywhere and for some reason never did. Shall I assume its defaulted and make contact? Cheers

DebtFreeWannabe27

I’ve received the attached letter from a solicitor about a Cabot debt. It relates to a credit card that they responded to a CCA request on. Questions I had were:
1. Is this a letter before action?
2. If it is, what’s my best course of action in terms of making contact? I’m also curious to know if I might have grounds to raise irresponsible lending for this credit card. It was given to me “as a freebie” when I opened a current account way back in 2012 and the credit limit was increased over time by the lender under no request from me.

sourcrates

@DebtFreeWannabe27

Just a threat of court action, not an LBA, but that may come next, what is your strategy here if any?

sourcrates

Jonnychang87 said:

Good afternoon all, I have received an email from antelope loans in june stating If your arrears are outstanding for more than 180 days, we may issue you with a Termination Notice and transfer your account to a debt collection agency. A default would be registered to your credit file at this time.

Then in September I had Your account has been passed to us from our collections department due to your account terminating and a default being registered on your credit file from antelope loans too. I can't see a default as this account doesn't show on my credit file anywhere and for some reason never did. Shall I assume its defaulted and make contact? Cheers

Have you checked all 3 CRA`s?

If its not showing anywhere, no harm in engaging if that is your strategy.

DebtFreeWannabe27

sourcrates said:

@DebtFreeWannabe27

Just a threat of court action, not an LBA, but that may come next, what is your strategy here if any?

In truth, I want to pay as little as possible. This lender had responded to a CCA request with what looked like the right docs but I hadn’t acknowledged the debt, so the clock was running from when I defaulted in march 2024. I don’t think I’ll be seeing this one out until its statute barred so sounds like next step is to make contact to pay something. If I’m choosing to acknowledge the debt as mine, I want to challenge the total amount owed based on irresponsible lending because I do think that happened here. There was no need for my credit card limit to increase when I hadn’t requested it, and it ultimately tempted fate. Who would I raise something like this with?

Whilst it’s reassuring to hear this isn’t an LBA, I’m worried about this becoming a CCJ so would rather be cautious here.