Default Notices

A Default Notice is not notice of any legal action, A default notice is simply a form issued to you by the creditor telling you that you are in default of your credit agreement - in other words, that you are not up-to-date with your repayments.

However, if you receive a default notice, do not ignore it. While it is no reason to panic, a default notice is a warning that you may have a financial problem.

If you have simply missed a couple of payments and are now in a position to increase your repayments to catch up on your arrears, contact the lender within seven days of receiving the letter.

If you cannot afford to comply with the agreement and pay the arrears do not ignore the situation, please contact us.

If you are unsure which step to take to solve your debt problems, CLICK HERE to ask the opinion of our professional debt advisers. This is a totally free and confidential service.