Timeframe between default and instigation of legal proceedings

Johnpfitz

Registered User
Messages
14
How long does it generally take from the default on repayments to
the instigation of legal proceedings by the creditor [in this case Credit Unions]??

Thanks
 
Depends on many factors. If you completely blank them they may move faster. If you enter a dialogue they may hold off altogether.

I do know of a person who defaulted 3 years ago and the CC has done nothing about it.
 
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