What should you do if you receive a default notice

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What should you do next? · Check all the information on the default notice carefully · Contact the lender immediately · Discuss payment options. So what should I do if I get a default notice? The notice of default must give you at least 14 days to comply with the action required. If you pay the full A default notice is a notification from a lender asking you to catch up with your payments or else have your account closed. It's your chance to stop a default If a borrower has several delinquent payments, they are at risk of default on a mortgage loan. This also poses the risk of lost collateral. When this happens,A default notice, also known as a notice of demand or a default letter, is the name for a formal letter you receive from a creditor when you've missed several What should I do if I get a default notice or my account defaults? A default is a warning sign that you can't afford your current payments. You should get File Manager should try and contact the customer before proceeding with further recovery action to ensure they have received the default notice or letter of