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jess85 wrote: »
I have a quick question: Is it possible for one of my creditors to issue me a Default Notice ("under Section 87 of the Consumer Credit Act 1974") after my DRO has begun (and after they have acknowledged it)? I have received a letter telling me this is what they are going to do (as well as send the default information to credit reference agencies). I haven't received any similar communication from the other creditors on the DRO.
Thanks for any help.
In normal circumstances lenders will be notified when the debt that is owed to them is to be included in an insolvency e.g. bankruptcy, IVA or similar and should be marked as included in that by filing a default as soon as is practical.
The default date must be consistent with that of the CCJ/bankruptcy or IVA; therefore a default should be filed as being no later than the date of the insolvency order. In circumstances where the lender is not immediately aware, the default can be filed at that point in time. If evidence of the insolvency date is provided, the default date recorded at the CRA will be aligned.
If a default has already been filed and a CCJ or other insolvency or similar is subsequently registered, no further action is needed.
jess85 wrote: »
Thanks, sourcates and fatbelly, that's made things a lot clearer to me.
One other small thing: In the same letter, they stated that they would keep sending me statements and "statutory notices" (not entirely sure what this means) during the course of the DRO. I was aware this could happen, but was wondering how often I might expect to receive such correspondence. I was on paperless monthly statements, I am now obliged to receive future ones by post?
Brandy85 wrote: »
Hi. I was granted a dro in March this year. Just wanted to know would I need the let the dro team the following.
I been offered a new job but not sure if I’m going to accept it yet. Need to decide whether it’s for me. I would be less than I’m on now, probably about £100/£140 less a month but it is closer to where I live so I would be using about that much less in petrol costs. So there would be no improvement in my circumstances. So just wondered if I do accept the job do I have to let the dro unit know.
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