Not sure if this is a default?

london1973

So as advised i have been ignoring my debts and awaiting defaults

Not sure what actually constitutes a default, so taking one example from one card

i have a Notice of default, followed 5 weeks later with a letter stating my ‘agreement has been terminated’ and my debt has been passed on the Moorcroft

can i assume that is now defaulted?

i’ve looked on Clearscore and CK and nothing seems to have changed, but that might mean very little

Secondly is it possible to request defaults, a couple of my creditors are moving very slowly, have barely heard a thing and any contact is very much ‘early days’ in tone..given the strategy here is to get defaulted and start the clock ticking can this be chivvied along?

As always, thanks in advance

stu12345_2

I would say it is now defaulted, but not sold, just moorcroft collect on behalf of creditors.
when you get defaulted , the letter also says your credit report will be informed and status updated , did you read that in your letter

 normally your credit file will be notified on a certain day of the month by the creditor, so maybe it just missed the cut off date to when the actual credit report website updates. so keep looking 

it's hard to manually get a creditor to default you, I tried and failed on one of creditors, think it maybe cos my offer of payment was just below the normal min payment 

london1973

stu12345_2 said:

I would say it is now defaulted, but not sold, just moorcroft collect on behalf of creditors.
when you get defaulted , the letter also says your credit report will be informed and status updated , did you read that in your letter

 normally your credit file will be notified on a certain day of the month by the creditor, so maybe it just missed the cut off date to when the actual credit report website updates. so keep looking 

it's hard to manually get a creditor to default you, I tried and failed on one of creditors, think it maybe cos my offer of payment was just below the normal min payment 

Thanks Stu, the exact line in the letter is as follows ‘if you do not resolve the situation we may give you notice that we intend to register a default with the’ CCAs etc etc

this is underneath saying agreement terminated, passed to Moorcroft and so on, and as i said 5 weeks after the default notice

what do you reckon?

cheers

stu12345_2

you normally get  2 warning letters, the 3 rd says you have not caught up or paid off the full balance and your acct is in default, credit reference agencies will be notified .

give me a min, I'm going to look at my default letters 

my Tesco card said we terminated your agreement, we tried to offer you support with repayment of arrears, we let you know that account was at risk of termination.

this means

as we haven't been able to talk to you or repaid arrears, your account has been defaulted

this means your total outstanding balance id due in full 
a default has been registered in your credit file and will remain visible for 6 years.
you need to pay full amount now. 

what if I don't pay

we will contact you to support you with repayment of your balance through payment options. your ability to borrow money in future could be affect if your total balance isn't repaid.

I think your account had one last chance,but you didn't  bring it up to date,

did your letter look like mines , but if interest has stopped then usually it's defaulted, and you will see your account in credit agency change from active to default 
or is the default letter still to come, not the default notice, which you already got

sourcrates

A default notice is very clear as to its purpose.

It will state on it -

"This is a default notice issued under section 87 consumer credit act 1974/8".

It will give you 14 days in which to remedy the breach to the terms and conditions of your account.

It will go on to list the possible consequences of non payment, and it will also tell you that should you remedy this breach within those 14 days, no further action will be taken.

A default will be registered on your credit report, and also the date it was registered.

stu12345_2

so imo you will probably get a letter like I got from Tesco, it is now defaulted and registered with credit agencies.
.
ie you never remeded the last chance in the default notice .to bring account up to date.

london1973

sourcrates said:

A default notice is very clear as to its purpose.

It will state on it -

"This is a default notice issued under section 87 consumer credit act 1974/8".

It will give you 14 days in which to remedy the breach to the terms and conditions of your account.

It will go on to list the possible consequences of non payment, and it will also tell you that should you remedy this breach within those 14 days, no further action will be taken.

A default will be registered on your credit report, and also the date it was registered.

Thanks

letter 1-March 1st - ‘we are sending you this default notice pursuant to section 87(1) of the etc etc
letter 2 - April 4 - ‘your account has been closed’…..’your agreement with us is now terminated’

so i am assuming that is now a default?

stu12345_2

it sure does look like it has defaulted now.

here's what step change say and it agrees with sourcrates post, you had your notice and your 14 days chance to bring it up to date, but as you didnt it's defauled.

it should now show on your credit report soon.

https://www.stepchange.org/debt-info/debt-collection/default-notices-and-missed-payments.aspx