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Default Notices
Have you been sent a default notice?
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If you have recently been sent a default notice, threatening action against you……
DON'T IGNORE THE PROBLEM!!
Its not too late, help is available BUT YOU NEED TO ACT NOW!!
Have a look at Frugal Fred's tips on what to do, when you have defaulted on your payments.
Read the default notice carefully.
The default notice will tell what you need to do and what may happen if you do nothing. Always seek advice if you do not understand the default notice.
Seek free help and advice.
The law regarding non-payment of debts can be complex. There are several organisations listed below, which offer free independent help and advice.
Ask a debt adviser to negotiate on your behalf.
A debt adviser can suggest the best way to deal with your debt problems and ensure you prioritise your debts.
A court may give you more time to repay your debt.
This should be a last resort as a court can only help you in some circumstances. Check with a debt adviser before considering court action.
Remember, if you don't act now, the lender may take action against you, so don't ignore the problem!!
The lender can demand payment of money owing, or repossess goods that are on hire purchase. In cases where the debt is secured against your home, your home may be repossessed [hyperlink to repo page]. Your credit file will also be effected for up to six years, making it more difficult and expensive to get credit.
Instant home values
FRUGAL FRED
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FREE Help and Advice
Frugal Fred recommends you contact one of the following non-profit organisations immediately for confidential, free and impartial advice on coping with debts.
National Debtline
0808 808 4000
Offer debt advice and information for anyone living in England, Wales or Scotland.
Consumer Credit Counselling Service
0800 138 1111
Offer debt advice throughout UK and Northern Ireland.
Citizens Advice
The Citizens Advice service helps people resolve their legal, money and other problems by providing free, independent and confidential advice.
Consumer Direct
08454 040506
General consumer advice and information, website has further information about credit & hire agreements.
Not living in London and wish to sell your house for CASH!