First defaults - what now... (advice please)

Billy_Dandy

Hi to all,

I stopped paying my creditors in August 2024. I received lots of letters which I duly filed.

Emails I ignored, and as per forum advice, used a 2nd SIM card with which to ignore and block phone calls.

 

I note that yesterday, PayPal credit have defaulted me – it shows on Credit Karma (Transunion).

I also received a letter from Barclaycard to say that a default has been registered with the credit reference agency.

 

I lost my way a bit as a result of having to organise and find the funds for a completely unexpected funeral in November 2024.

 

My mind has gone blank, so, my question please is,

‘Now I have some defaults, what do I do next?’

Do i contact them to arrange a payment or wait for them (or whoever they sell the debt to) to contact me?

 

Thank you for your constructive advice.

sourcrates

Wait until someone writes to you, your debts can be sold to 3rd parties, assigned to debt collectors, or simply sit there doing nothing, so wait till you get letters telling you what`s happened with them.