| Home | Bookmark | Tell | Active petitions in over 75 countries | World Times |
| Law Reform: Term of Default Notice | 13 Signatures |
Published by Ivan Newton on May 08, 2008
Category: Consumer Affairs
Region: United Kingdom
Target: Financial Institutions: Lenders and Credit Reference Agencies
Petition text:
We, the undersigned, call on the Government to create legislation for clarity and fairness both to the Lenders and Debtors.
Proposal 1
To set a time limit for Default Notices to remain on an individuals credit file dependant on the amount of default i.e.
*FOLLOWING DATE OF DEFAULT SETTLEMENT*
£1-1000: 1 Year
£1001-2000: 2/3 Years
£2001-3000: 3/4 Years
£3001-5000: 4/5 Years
£5001+: 6 Years
=======================================
OR
=======================================
*FOLLOWING DATE OF DEFAULT SETTLEMENT*
To set a time limit for Default Notices to remain on Credit Files for 4 years which we consider to be a more fair and general time frame to be set considering there are varying amounts of default and individual circumstances which should be considered.
Proposal 1
To set a time limit for Default Notices to remain on an individuals credit file dependant on the amount of default i.e.
*FOLLOWING DATE OF DEFAULT SETTLEMENT*
£1-1000: 1 Year
£1001-2000: 2/3 Years
£2001-3000: 3/4 Years
£3001-5000: 4/5 Years
£5001+: 6 Years
=======================================
OR
=======================================
*FOLLOWING DATE OF DEFAULT SETTLEMENT*
To set a time limit for Default Notices to remain on Credit Files for 4 years which we consider to be a more fair and general time frame to be set considering there are varying amounts of default and individual circumstances which should be considered.
Complete the fields below and click 'Sign'. Optional fields may be completed or left blank.
* - required fields
 |
GoPetition respects your privacy. Click here for more information. |