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Notice Of Intent To Collect Debt Template for England and Wales

A Notice of Intent to Collect Debt is a formal document used in England and Wales to inform debtors of an impending debt collection action. It serves as a final warning before legal proceedings commence and must comply with the Pre-Action Protocol for Debt Claims. The notice includes detailed information about the debt, payment requirements, and the debtor's rights under UK law. It represents a crucial step in the debt recovery process and must adhere to strict regulatory requirements set by the Financial Conduct Authority.

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What is a Notice Of Intent To Collect Debt?

The Notice of Intent to Collect Debt is a mandatory document under English and Welsh law that must be issued before formal debt collection proceedings can begin. It forms part of the Pre-Action Protocol for Debt Claims and must be issued at least 30 days before any court action. The notice must include specific details about the debt, including its origin, amount, and any interest or charges applied. It must also inform debtors of their rights and provide clear instructions for response or payment. This document is crucial for compliance with UK consumer protection legislation and FCA regulations.

What sections should be included in a Notice Of Intent To Collect Debt?

1. Creditor Details: Full legal name, address, and contact information of the creditor

2. Debtor Details: Full name, address, and any reference numbers for the debtor

3. Debt Information: Original debt amount, current balance, interest rates, and account reference numbers

4. Payment Demand: Clear statement of amount demanded and payment deadline, including payment methods

5. Legal Requirements: Statutory warnings and statements required by the Consumer Credit Act and FCA regulations

6. Response Instructions: Clear instructions on how and when the debtor should respond to this notice

What sections are optional to include in a Notice Of Intent To Collect Debt?

1. Payment History: Summary of previous payments and collection attempts, included when relevant to establishing the claim

2. Settlement Options: Alternative payment arrangements or settlement offers, included when the creditor is willing to negotiate

3. Third Party Authorization: Details of debt collection agency if the debt has been assigned or is being collected by a third party

What schedules should be included in a Notice Of Intent To Collect Debt?

1. Statement of Account: Detailed breakdown of the debt including all charges, interest, and payments made

2. Information Sheet: Statutory information sheet detailing debtor rights and sources of free debt advice

3. Reply Form: Standard form for debtor response including options to dispute the debt or propose payment arrangements

4. Original Agreement: Copy of the original credit agreement or documentation evidencing the debt

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok成人版 | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents

Jurisdiction

England and Wales

Document Type

Notice of Intent

Cost

Free to use

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