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At breaking point
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Almost 2 months on, I am starting to receive threats of defaults but haven't received any defaults yet.
I have today received a default notice from Aqua, giving me 14 days to pay my account balance in full before they write to me again to terminate my credit agreement. Does this mean I'm close to my first default?
I've also started to realise the thought of checking my credit report spikes my anxiety, so I need to face that head on at some point!
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A default notice is an official looking document, and is sent under sec 87(1) CCA.
It will require you to remedy the breach to your terms and conditions within 14 days, if you fail to do so it will go on to list possible repercussions of non payment, including the addition of a default on your credit file, debt passed to a collection agency, or possible legal action to recover the balance.
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-letter0
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