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Default notice query


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Hello everyone,

Hope someone can help with this query. I always thought that there was a set time in between missing a payment on something and being issued with a default letter. I thought the time lapsed must be 60 days.

 

We are having long term problems with a well know sub-prime finance group and have just discovered that a default notice which was served to us in 2005 was sent out only a few days after missing a payment - hence removing our right to volunary terminate and then running into loads of financial problems with this particular debt. The company are arguing with us that it is 60 days now but back then it wasn't. Any help greatly appreciated.

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I dont know the answer to your query, however, I am bumping your thread. I am sure someone who does know will look in soon. :)

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