Default under consumer credit contracts

Generally before it can commence enforcement proceedings, a credit provider is required to give the debtor a default notice specifying the default and how it must be rectified, and giving the debtor at least 30 days to rectify the default. There are exceptions as to when default notice has to be given.

There is also a regime for providing a separate notice when there is a default in a direct debit.

For more information about default and default notices, please refer to Default under consumer credit contracts.