Announcement

Collapse
No announcement yet.

PDLs and Default Notices

Collapse
X
  • Filter
  • Time
  • Show
Clear All
new posts

  • PDLs and Default Notices

    Just a general query

    Is there a requirement for a PDL to issue a S87(1) DN before a claim?

    I realise there are basically two types of PDLs
    1) A short term loan, in the old days often for a month (sometimes less) .
    2) A type of revolving credit so you had a credit limit and could keep drawing on it as long as you paid it off on time.

    I think that option 2 would demand a DN but does option 1?
    There seem to be lots of claims about on PDLs atm where there is no mention of DNs

    I clearly have a few - some have sent them and some have not
Working...
X