Arrears notice
Your creditor will send you an 'arrears notice' when you don’t pay the amount that you originally agreed to. It normally says that you have missed your payment and asks you to pay the arrears immediately.
Arrears notices are normally automated letters sent out by the creditor's computer system.
You may get a few arrears notices from the creditor until they decide to send you a default notice.
Default notice
When you are not making the payments you agreed to, and the arrears, you will normally get a 'default notice'. This is a legal document that creditors have to send to you if they want to take further action. It will tell you how much you need to pay to stop the credit agreement ending.
If you don’t make the payment they have asked for, the creditor will cancel your credit agreement. At this point, you are in default and the creditor can put this on your credit file.
If you get a default notice, you should explain to the creditor that you cannot to pay the amount asked for and you will continue to pay them through your DMP.
Once your credit agreement has ended your creditor can legally pass or sell your debt onto a collection agency.