PDLs and Default Notices

[Pat]

Just a general query

Is there a requirement for a PDL to issue a S87(1) DN before a claim?

I realise there are basically two types of PDLs
1) A short term loan, in the old days often for a month (sometimes less) .
2) A type of revolving credit so you had a credit limit and could keep drawing on it as long as you paid it off on time.

I think that option 2 would demand a DN but does option 1?
There seem to be lots of claims about on PDLs atm where there is no mention of DNs

I clearly have a few - some have sent them and some have not

[jamespeter2296]

Hi, Yes they might be an option of DN on short term loans in the credit act as long as you missed the payments for 3 times and will fall into a defaulter list.

[The Tech Clerk]

jamespeter the posting is 2 years old before posting responses check if old non used thread