We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 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!

Difference between Default and Default Notice please

Options
2»

Comments

  • Willing2Learn
    Willing2Learn Posts: 6,294 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    edited 20 May 2019 at 9:53PM
    frugaller wrote: »
    Sorry, one more question I have just thought of. What will happen after the six month freeze now that it will have defaulted by then? Could they sell it on?
    Yeah, once the account is defaulted, the creditor usually pass it on to a DCA pretty quickly. The letters become more and more threatening. They are mostly auto-generated and nothing to worry about. They they have no teeth you see. As long as you write to them and keep them 'in the loop' as to when payments will commence, then everything continues to run smoothly and is worry-free. Then the six month gap in payments is no problem :)
    I work within the voluntary sector, supporting vulnerable people to rebuild their lives.

    I love my job

    :smiley:
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 350.8K Banking & Borrowing
  • 253K Reduce Debt & Boost Income
  • 453.5K Spending & Discounts
  • 243.8K Work, Benefits & Business
  • 598.6K Mortgages, Homes & Bills
  • 176.8K Life & Family
  • 257.1K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.