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Just realised loan has been 1 month in arrears for 8 months, can they default it?

BigCraigJohn Posts: 1,082 Forumite

5 January 2008 at 6:01PM in Loans

Bit of an odd one, ive been making a monthly payment but a while back I had a bit of trouble and they did an agreement which I cant remember the details of but I thought I was all ok and would pay the extra month on the end. The other day I spoke to them to make my monthly payment and they asked about it, saying if i'm not carefull I will get a default. I explained that I thought it was ok and that I thought I was up to date and had be making a payment every month then an extra month on the end. Do they have grounds to default on this?, I was under the impression you had to miss so many payments to do so. Ive had no letters informing me so have just carried on. Only got a small amount left to pay now so dont want trouble at this late point.

Any help much appreciated.

This discussion has been closed.

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Just realised loan has been 1 month in arrears for 8 months, can they default it?

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