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**The Tech Clerk** · 19 September 2021, 17:48

Set it out for each one like this:

Type of account -
Date commenced -
Approx balance -
Date last 'full' payment
Arrangement -
Status - defaulted
Account owner -

**The Tech Clerk** · 19 September 2021, 18:47

A default notice is normally sent when you've missed or paid less than the full amount for three to six months. Default notices only apply to debts regulated by the Consumer Credit Act. These include credit and store cards, payday loans, personal loans and hire purchase.

**Toddy2** · 19 September 2021, 19:00

Originally posted by The Tech Clerk View Post

A default notice is normally sent when you've missed or paid less than the full amount for three to six months. Default notices only apply to debts regulated by the Consumer Credit Act. These include credit and store cards, payday loans, personal loans and hire purchase.

Thanks for that, I'm considering stopping my DMP and going self managed which I hope stopping payments to Virgin for a while will prompt a default.

**Roger** · 20 September 2021, 17:37

Originally posted by Toddy2 View Post

Thanks for that, I'm considering stopping my DMP and going self managed which I hope stopping payments to Virgin for a while will prompt a default.

These various `approved` DMP firms are linked to DCA's and Original Debtors!
Its important to understand that a DCA can still sue irrespective of a agreement.
There is more to UE than just the S.77/78 CCA. So this is where good record keeping and a Diary can be so important. The small details can be crucially important. All the time you are paying you are restarting the Statute Bar Clock! But other considerations become important such as whether the Debt is still being reported on Credit Reports! Simply put does the Debt impact on your Credit Rating or has it fallen off?
AAD seeks to use knowledge and Law (current) so that you can understand and decide on your options rather than the DCA's running your Life!

**Still Waving** · 20 September 2021, 17:50

Another point to bear in mind is that all the time you are making payments, whether via Stepchange or a self managed payment arrangement, the chance of getting a significant reduction for a F&F settlement will be pretty low, in my opinion. They tend to become more amenable to the idea of offering reduced settlement terms when they meet resistance to paying over the longer term.

**Matty B** · 20 September 2021, 18:48

Stepchange , like so many of these helpful 'charities' like drinkaware get most of not all of their money from the industries they claim to support people with. The businesses write it off against tax, tell the regulators'look aren't we being good helping people' and basically continue to abuse people. So alcoholics become responsible drinkers- is there such a thing? Gamblers become responsible gamblers - again is there such a thing and people drowning in debt pay back a lot of what they owe.

David Nutt writes very well on the alcohol industry- did you know in Victorian times they wanted to ban caffeine because it is dangerous and addictive? Pot is arguably less dangerous than alcohol yet we lock people up for dealing in it, why not regulate it? ( I am not saying it doesn't cause psychosis but maybe its less dangerous than tobacco or alcohol)

**Toddy2** · 20 September 2021, 19:38

Thanks all, I had suspected I may encounter some resistance to F&Fs particularly whilst I’m making a reasonable monthly payment.

I can foresee some difficulties or changes in my circumstances in the near future.

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