Hello, I would be very grateful for any advice / input on my options to move forward with my debt. I currently owe £50k to about 11 creditors. I have been on a DMP for 3 years paying £140 a month. I am self-employed, I rent and now live by myself so am covering all bills etc. I will be paying off debt until 2046 so am thinking IVA or Bankruptcy may be better solution to enable me to move forward in my life within 10 years. Many thanks in advance FF

Hi all, Back in May when my financial situation tumpled over the edge into the abyss, I had to take action and get advice from Payplan. The first thing I did was to check my credit file. To my surprise I saw that GE Money had applied a DN to my secured loan account in February 2010. I had not received any notification from GE Money regarding a default to the account. I had not missed any payments to the account and have the bank statements to prove it. I contacted GE Money and asked them why the DN had been applied to my account. They couldn't and haven't been able to tell me. I had a fair job getting them to remove the DN over a two week period. A very stressful two week period, I was in the middle of writing to my creditors to explain I was having financial difficulties. I needed to open a parachute bank account account as my current account with Barclays could be linked to my debt on Barclaycard. With a DN against me I didn't think I would get a new bank account so it was imperitive it was removed. I was very stressed at this point and GE Money were next to useless. I lodged a formal complaint with them and the FOS and ISO. GE Money have now written to me explaining they don't actually know why the DN was issued and it was a one off, blah blah blah and have offered me £50 compensation. I don't really want to accept that as a final offer. I think it stinks that they can apply a DN and just go oops sorry, here's £50, now go away. My question is any advice on how to further complain and insist they tell me how the DN got onto my account in the first place? Many thanks CAGgers FF

Hi Miss Muppet, Thanks, you never know. You know it REALLY urks me that RBS was one of the bail out banks, receiving help from the taxpayers (albeit without our direct consent!!!) but received it nonetheless. They were in a financial tight spot, needed help to get back on their feet and were lucky enough to receive it. How come there is no assistance to us from them when we need it. I didn't get into debt by being reckless, I got into debt because I was trying to make a business work and it didn't fly as well as I had hoped. Shame I don't have a nice government happy to help! Sorry - rant over!!

Hi CB, How are you? My account has been terminated by RBS, 2nd August so looks as though they have done the right thing re timing etc. Haven't received any correspondence from Triton, who are they? I have been told my debt will now be passed to RBS' debt recovery office. I have asked nicely for them to stop charging me late and overlimit fees and accruing interest, will wait with baited breathe for their response. Take Care FF

Hi CB, Sorry, haven't been around for a while as away at an event trying to earn some money!!! Hope things are okay with you. I am receiving more DN from other creditors so the file is getting bigger! Take Care FF

the link in #457 should work now.

Hi Lexis200, Thanks for your comments, I agree with you point about enough time, I'm just trying to wise up re DN. Even if they gave me a 100 days I wouldn't be able to remedy the situation! My inital question was Cap1 sent this after I issued the Account in Dispute letter as they hadn't complied with my CCA request. Any pointers as what to do next?

Hello Again CB, I will go and have a read, I get the feeling the 'layperson' ISN't supposed to know and they don't make it clear in the slightest, it just shouldn't be allowed to continue.

Oh, silly me, it was because LPT had pointed out I had left the barcode on the DN and I couldn't get rid of it with a new file.......... DOH!!! it's that time of day, need liquid refreshment

Ok, have deleted duplicate file and replaced with new on DN they sent me in case anyone else wanted to comment or see what one looks like, if like LPT, you have been told by CAP1 that they sent you one but it never materilaised;) http://i892.photobucket.com/albums/ac128/fossilfinder/capdefaultnotice004.jpg I am off to disect the information you sent m2ae, FF

Hi CB, Thanks for that, I have posted over there as well and have had some intersting feedback, namely as you say there is bugger all on there really, no name, no date, no balance etc that is all in the covering letter but not the DN. As means2anend pointed out the notice is headed 'Notice of Default' not Default Notice - which apparently are two seperate legal beings! I too have read that until the account is terminated they can re-issue DN. I will have to wait and see what the next step is. Regardless I still don't have a CCA from them! Many thanks for your comments. FF

Many thanks for your comments, LPT I have now removed the barcode, will post DN back up in aminute, it keeps linking to the old version with barcode!! Thank you for your comments. m2ae - thank you also for your advise and links, I appreciate it. I will go and read through the schedule again, I have to admit to getting a little confused with the way these things are written, however there do seem to be a number of glaring errors with their 'Notice to Default' as you correctly pointed out! I could always refer to section 16 of my Credit Agreement as this is what they say I have breached - Oh No Hang on - They haven't sent me a CA ! Thanks, I will wait and see what happens next. LTP how are you getting on since they logged Defaults against you? Regrds FF

Subbing to this thread as I have not received any responses really under CAP1 section and I really need some advice please. I am seeking advice on Default Notices, this is my second in two days and whilst I have been reading and reading threads on Dn's I would appreciate some guidance and advice regarding this one from Cap1. Brief history - sent CCA request, received letter back saying they can't action without a signature, I wrote back saying I'm not obliged to provide one please carry out CCA request as required, they wrote back to say it would take them sometime to deal with my enquiry and would be in touch if they hadn't managed to oblige within 4 weeks I wrote back after the 12 + 2 days from second CCA request with Account in Dispute Letter. They received this on 13 July, I have POD from RM. Today I receive the following; http://i892.photobucket.com/albums/a...ltlet001-1.jpg I am in a dmp with payplan, early stages, but have not received any notification of a Long Term Payment Plan with CAP1, from either CAP1 or PP. http://i892.photobucket.com/albums/a...tnotice003.jpg My questions are; 1) Is there a letter template to reject a DN issued whilst account in Dispute? 2) Irrespective of whether the DN should have been issued does it meet the prescribed requirements? 3) Anyone else received this format from CAP1? 4) What should I do now:confused: Thank you FF

Hi CB, Thank you for that. I have only actually missed one payment, I guess they issued it because they were notified of my financial diffulty. With regards to missing CCA - any comments anyone? With regards to the DN there does seem to be a lot of the required info missing!! There is NO date on the notice, there is on the letter though, does that count? Any thoughts Caggers on what I should do next? Many thanks FF

Hi Caggers, I am seeking more advice on Default Notices, this is my second in two days and whilst I have been reading and reading threads on Dn's I would appreciate some guidance and advice regarding this one from Cap1. Brief history - sent CCA request, received letter back saying they can't action without a signature, I wrote back saying I'm not obliged to provide one please carry out CCA request as required, they wrote back to say it would take them sometime to deal with my enquiry and would be in touch if they hadn't managed to oblige within 4 weeks I wrote back after the 12 + 2 days from second CCA request with Account in Dispute Letter. They received this on 13 July, I have POD from RM. Today I receive the following; http://i892.photobucket.com/albums/ac128/fossilfinder/capdefaultlet001-1.jpg I am in a DMP with payplan, early stages, but have not received any notification of a Long Term Payment Plan with CAP1, from either CAP1 or PP. http://i892.photobucket.com/albums/ac128/fossilfinder/capdefaultnotice003.jpg My questions are; 1) Is there a letter template to reject a DN issued whilst account in Dispute? 2) Irrespective of whether the DN should have been issued does it meet the prescribed requirements? 3) Anyone else received this format from CAP1? 4) What should I do now:confused: As always many thanks peeps FF