Paypal Credit default but no letter received yet

PanAction25

Paypal Credit has reported default on my credit report but I’ve received any letter from any debt collector or third party about making payments.

Should I contact PayPal credit or wait to receive a letter about making payments. 

Many thanks in advance. 

sourcrates

PayPal normally use Wescott as collection agent.

As we`ve said 1000 times on these boards, nothing moves very fast in the debt collection world, but at some point you will be written too.

I wouldn`t go chasing em if I were you.

PanAction25

sourcrates said:

PayPal normally use Wescott as collection agent.

As we`ve said 1000 times on these boards, nothing moves very fast in the debt collection world, but at some point you will be written too.

I wouldn`t go chasing em if I were you.

PayPal Credit  has registered the default but I got an email today asking me to call them in order to set a payment plan.  Should I engage them or should still wait for them to refer to a DCA? 

ashamedjelly

There was a gap of around 4 months from the time PayPal reported a Default to the credit agencies before I had a letter from Lowell to say they had bought the debt. 
As sourcrates mentions above - nothing moves fast in the debt collection world. Sit tight and don't engage.