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Next Steps After Defaulting

johnboy13
johnboy13 Posts: 65 Forumite
Third Anniversary 10 Posts
edited 10 September at 2:12PM in Debt-free wannabe
Hi, Ive defaulted on my ZopaLoan and it's now at the hands of PRA Group. I'm also waiting for my credit cards to default. What do I tell the PRA Group in the mean time. Thanks.

Comments

  • fatbelly
    fatbelly Posts: 23,116 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Cashback Cashier
    Depends what your strategy is. Are you going to make payments like in a Debt Management Plan?
  • johnboy13
    johnboy13 Posts: 65 Forumite
    Third Anniversary 10 Posts
    Hi, I dont want a plan where after paying off the debts the 6yrs kick in. Is that right?
  • ManyWays
    ManyWays Posts: 1,475 Forumite
    1,000 Posts Fifth Anniversary Name Dropper
    Do you have an emergency fund accumulating at the moment?
    Do you know how much you will pay to each debt when they are all defaulted? 
  • johnboy13
    johnboy13 Posts: 65 Forumite
    Third Anniversary 10 Posts
    Yes I have an emergency fund and know how I will pay each creditor once they are all defaulted.
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