Default notice
Legal & insolvencyA formal letter sent before a lender records a default on your account.
Overview
It explains what you owe and the steps needed to bring the account up to date.
If the issue is not fixed, a default may be recorded.
Why it matters
- It is a warning that your account is at risk of default.
- It can impact your credit profile if not resolved.
- Acting quickly may prevent further damage.
FAQs
Does a default notice appear on my credit report?
The notice itself may not, but a default recorded after it will.
Can I stop a default after receiving notice?
Often yes, by bringing the account up to date within the notice period.
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