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Neck deep in debts
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All "account closure" means is that they have stopped your access to it, defaulting is the final step, check your credit reports, any default will clearly show on the file entry, along with the date it defaulted.tylery said:Can they just close the account without defaulting it first?
Standard default notice always asks for the full balance within 14 days or a default will be registered against your account.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-letter1 -
On experian it says zero default. Score has actually gone up.sourcrates said:
All "account closure" means is that they have stopped your access to it, defaulting is the final step, check your credit reports, any default will clearly show on the file entry, along with the date it defaulted.tylery said:Can they just close the account without defaulting it first?
Standard default notice always asks for the full balance within 14 days or a default will be registered against your account.0 -
Creditors have 1000`s of non payers to deal with, things don`t always move very fast,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-letter1
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Ok i have to wait thensourcrates said:Creditors have 1000`s of non payers to deal with, things don`t always move very fast,0 -
A default have just been added to my experian. Its time to talk to the creditor right?0
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If you can make an offer, now is a good time0
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But some of the debts show 4 missed payments but no default. Don't they just turn into CCJ's?0
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No -nothing can just turn into a ccj. There has to be a court claim, which you would respond to.
Before that there has to be a pre-action letter with standard form and 30-day reply time. We recommend that you respond to that one.
Creditors have 6 years to start a claim from the default date, and only a small proportion ever do. So in your situation I wouldn't worry about it1 -
So why then are they not defaulting my accountsfatbelly said:No -nothing can just turn into a ccj. There has to be a court claim, which you would respond to.
Before that there has to be a pre-action letter with standard form and 30-day reply time. We recommend that you respond to that one.
Creditors have 6 years to start a claim from the default date, and only a small proportion ever do. So in your situation I wouldn't worry about it0
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