We'd like to remind Forumites to please avoid political debate on the Forum... Read More » This is to keep it a safe and useful space for MoneySaving discussions. Threads that are - or become - political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

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!

Planning to default - is my job affected?

LoveVictor79 · 2025-05-30 13:11:07

Quick question: I am planning to default on my unsecured debts. I haven’t missed any payments yet but will do so from June. I work for a law firm as a legal PA. Is my job going to be affected?

Options

Comments

sourcrates Posts: 31,510 Ambassador

31 May at 7:17PM edited 31 May at 7:19PM

Just keep in mind, the debt collection process moves very slowly indeed, in four months, not much will happen if you stop paying today, you`ll get a few months worth of late payment markers on your credit file, at most.

Its usually 6 months or even longer before you`d be looking at any defaults coming your way.

I would not overthink this, it will more than likely all turn into a bit of a non event.

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-letter
0