What happens if I receive a default notice?
A default notice can be an important stage in a credit agreement. Read the notice carefully, check deadlines and get advice if you are unsure what it requires.
A default notice can be sent where a regulated credit agreement has been breached. The exact legal effect depends on the agreement, the notice and what happens next.
Check the notice, not just the headline
Read what amount is said to be overdue, what action is required, the deadline, and what the creditor says may happen if the breach is not remedied.
Keep evidence
Keep the notice, statements and records of any payment or communication. If you dispute the debt or do not understand the notice, consider obtaining appropriate advice before taking action.
Where court action is threatened or the debt is disputed, seek appropriate debt or legal advice.
Primary sources
- MoneyHelper: Debt Advice LocatorPrimary or public authority source, checked 2 November 2026.
- FCA: Unauthorised or unsuitable debt advicePrimary or public authority source, checked 2 November 2026.