Barclaycard - Default notice requirements

[bradfordlad]

Hi all, 

 

trying to get myself up to date with handling a couple of debts.

 

I've received a DN from Barclaycard as I'm behind with my payments, but simply don't have the money to clear the arrears.   Can anyone point me in the direction of the latest requirements to make a DN legal?   I remember there used to be questions around the dates issued, sent etc. 

 

I'm sure Barclaycard are up to date with what they're supposed to do, but knowing how these clowns play an ignorance, I could well be wrong! 

 

TIA

[AndyOrch]

Easier if you upload a redacted copy (just your name and address) and we will tell you if its valid BL.

 

Andy

[bradfordlad]

Redacted Default Notice - received today 19th May. 

Barclaycard DN.pdf

[dx100uk]

giving a month and format is correct

probably a good thing

the quicker its registered defaulted

the quicker it falls from your file in 6yrs regardless to anything else going.

 

dx

 

[AndyOrch]

And generous to say the least should only be 14 days + service.

 

 

.

[bradfordlad]

Ah, that was what I was trying to think of - thanks guys.  14 + service. 

 

Ok, so I either make an arrangement to repay, or let it default. What do you think their chance of a ccj is?  I can't afford to have that for work, so should I negotiate?

 

[dx100uk]

as you've been told before

 

OC's dont do CCJ's.

if your situation is not going to change in the forseeable future better to let it get defaulted....

 

however if you feel 60days could help you

if you invoke 

/assets/static/govuk-opengraph-image-dade2dad5775023b0568381c4c074b86318194edb36d3d68df721eea7deeac4b.png

Options for paying off your debts: Breathing Space (Debt Respite Scheme) - GOV.UK

WWW.GOV.UK

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Alternatives to bankruptcy and the different types of agreements you can make with your creditors.

 

 

they cant default you till that expires.

 

dx

 

dx

 

[bradfordlad]

Cheers dx, I think I'll let it default then - no point prolonging the inevitable.  It's been a long time since I was in this position, so just allow me to recap - 

 

Let it default, then will they refer to a DCA or sell the debt (or is that the same thing?!) and then I negotiate with them to pay a small amount monthly? As I say, I can't have a ccj so need to do the minimum needed to avoid it. 

 

Thanks all

[dx100uk]

if you dont get a notice of assignment its not sold, 

any dca letters etc etc simply ignore totally.

 

months years down the line

you might get a letter of claim from the debt buyer/dca following their NOA.

comeback if you do.

 

there is no harm in making sure the DN get registered by a defaulted date appearing on your file in the summary of the debt/

then start paying a small amount to the oc  until its sold.

 

your call

 

dx

 

 

 

[bradfordlad]

Makes sense DX, get the default on the file asap so the 6yr clock starts ticking, then offer & begin to make small payments to show willing. 

Edited May 19, 2023 by bradfordlad

[whitelist]

Have you considered contacting Barclaycard and arrange to pay any arrears?

 

Going back about five years fell into arrears with my Capital One card and received a default notice after my employer made insolvent. They were very good and put me on a three-month payment plan. extended if necessary. They put a restriction on my card.

 

That gave me the breathing space required in clearing the arrears, no default recorded and still have use of the card.

 

But you need to put this in context with other credit commitments and total personal debt levels as a recorded default will screw your credit rating for six years.

 

Once an account been defaulted, even with small repayments, they can still go for a CCJ

Edited May 19, 2023 by whitelist

[London1971]

It isn't world ending for your credit rating if you default, unless you are looking to take out a mortgage or change landlords in the next 12 months.  Over time the default becomes less and less important (providing you don't get another one) to lenders.  If you just have one 3 year old default in isolation , most lenders won't worry about it.  After 6 years, nobody can even see it anymore, as i would have dropped off your file.

 

It would seem that it's in your best long term interest to let this default as soon as possible, and simply ignore the barrage of letters that come your way. The only one that you need to look out for is a letter before Claim, in which case you come here.

 

In my experience, there is about a 20% chance of receiving a claimform over the 6 years. I base this on the 20 or so defaults that I had.  

[whitelist]

In my experience, when applying for credits, finance companies such as credit card applications do not even look at your credit file. They simply rely on computer algorithms with your your credit score provided by the credit reference agencies.

Your credit score level decided on any negative entries, such as defaults or County Court judgements. Any missed payments or existing credit utilisation level.