DMP, maxing credit and full and final offer

Grumpelstiltskin

Not an actual default at the moment, just telling you there will be a default, so hold on for a few weeks.

sourcrates

If you take the action necessary then no, it won`t default.

If you just ignore the default notice, and allow the process to continue, then yes, it will default after the 14 days have expired.

ES19901990

Hi all

i am still a bit confused by this, they have not followed up with anything else do I just keep waiting?

also Lloyds have now sent me a letter saying my agreement has been cancelled and full payment is due? Does this mean now defaulted? There is a new reference number for the account but no payment details, it does say no need to do anything unless I can pay in full and they will contact me shortly. Is this when I can then start paying my monthly amount?

RAS

Can you check the account on your credit record? Has the default been registered.

The creditor may manage in house (sometimes), more likely assign the debt or sell it on. They don't tend to make these decisions quickly. They pack up a few thousands and then assign or sell, so it depends how long it takes to package them. And how long the new company takes to get their act in gear.

ES19901990

Hi everyone, things are progressing and defaulting. I have plans already sent up for the defaulted ones so all is going to plan.

out of the blue though I have had an email from NatWest (my only debt with them is my mortgage which is completely up to date) the email is from them and says the below? Why have I suddenly received this, I’m worried as my mortgage renewal is early next year?

If you would like some support from us with managing your finances please give us a call on 0800 015 5212. If you are calling from overseas please call +44 121 206 2305.

Our opening hours are weekdays 8am-6pm excluding Bank Holidays.

What will happen when you call us

One of our team will talk to you about your current situation. When you contact us we will need to know how much you earn and how much you spend each month, so please ensure you have those details handy.

What support and advice is available 

If you are struggling with your finances, you may want to consider contacting a free debt advice organisation. Visit our struggling financially webpage where there is helpful information available including information on our free financial health checks: www.natwest.com/strugglingfinancially or please call us to speak to a member of our team

sourcrates

Could just be coincidence, or perhaps NatWest are in the same banking group as one of your unsecured debts.

Either way, nothing to fret about, mortgage renewals do not require a credit check if you re-mortgage with the same lender, and as long as the mortgage payments are up to date.

You have to condition yourself to not react every time a computer generated email lands in your in box.

ES19901990

sourcrates said:

Could just be coincidence, or perhaps NatWest are in the same banking group as one of your unsecured debts.

Either way, nothing to fret about, mortgage renewals do not require a credit check if you re-mortgage with the same lender, and as long as the mortgage payments are up to date.

You have to condition yourself to not react every time a computer generated email lands in your in box.

Great, thank you.

ES19901990

Hi all, apologies another post.

i have my largest debt with Gc business finance which is a personal loan under the government start up scheme and I owe £23500. It does not appear on my credit report. Why is this, it makes keeping track difficult, am I still fully liable although there is no link on my report?

sourcrates

ES19901990 said:

Hi all, apologies another post.

i have my largest debt with Gc business finance which is a personal loan under the government start up scheme and I owe £23500. It does not appear on my credit report. Why is this, it makes keeping track difficult, am I still fully liable although there is no link on my report?

Why would you think you were not liable?

Not all lenders choose to report to the CRA`s, this has nothing to do with your liability for the debt, which remains 100%.

If you want to know your balance, ask for a statement.

ES19901990

I have had the below email from barchers who are working for American Express. The account has not defaulted yet. Is this just normal collection activity?

A formal letter of claim has today been sent by post, as required by the Civil Procedure Rules.

We are Solicitors and this is the first step towards legal action being taken against you. This action could negatively affect your credit file.