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Just some advice please on Letter i have recieved
Floopy2009
Posts: 91 Forumite
Hi all,
Currently i am looking to default my accounts and go self managed when passed over to 3rd party companies
I think i am getting there however i have recieved the following letters saying
Argos
Further action will include passing your debt over to a recovery specialist or legal action to obtain a CCJ
Studio (They have defaulted me) and said
We will take take necessary action to obtain debt it fall, this could include passing account to an external agent who may be instructed to call at your home
Is there anything i need to worry about (ccj or external agent knock) or just continue to ignore until default and passed over
Thanks
Currently i am looking to default my accounts and go self managed when passed over to 3rd party companies
I think i am getting there however i have recieved the following letters saying
Argos
Further action will include passing your debt over to a recovery specialist or legal action to obtain a CCJ
Studio (They have defaulted me) and said
We will take take necessary action to obtain debt it fall, this could include passing account to an external agent who may be instructed to call at your home
Is there anything i need to worry about (ccj or external agent knock) or just continue to ignore until default and passed over
Thanks
0
Comments
-
Hi,
Standard response template letters creditors send out for non payment.
Notice the phrase "could include" not "will include".
Usual scenario is to sell the debt on to a specialist debt purchaser such as Lowell or Cabot.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 -
I agree
How long is it since you stopped paying?0 -
Yeah i though as much but wanted to check as these are the first type of letters i have had on the journey
Fatbelly about 6 payments now0 -
OK they should be sending defaults.
3-6 missed payments is the norm.0
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