![]() ![]() These notices can only be sent on credit covered by the Consumer Credit Act, such as credit cards, personal loans and mobile phone contracts. Taken to court and issued with a County Court Judgment (CCJ).Start to be chased by a collection agency.If you do not pay the money owed, the account will default and you may: They will contact you and ask for full payment, giving you at least two weeks to catch up. ![]() They typically send the default notice when you have not been paying (in full or in part) for three to six months. What is a default notice?Ī Notice of Default letter is a warning from a creditor that you have missed payments on your credit agreement. We work with The Debt Advice Service who provide information about your options. This isn’t a full fact find, MoneyNerd doesn’t give advice. Debt Relief Orders Explained and 2023 Criteria.Statute-Barred Debt – Time Limits, Your Rights & 2023 Laws.Reducing Your Debt – What Are Your Options? 2023 Guide.Credit Card Debt – Options to Clear Your Debt.Council Tax Debt – New 2022 Laws & Your Rights.Car Finance Debt – New 2023 Laws & Your Rights.
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