The power of Default Registration

Taking defaulters through the court process is adversarial, costly and provides no guarantee of success, so now we register defaults with Experian and other Credit Agencies.

Default registration is more effective than a County Court Judgement, as it seriously affects an individual's credit status, prevents the opening of a new bank account or credit card plus any existing borrowing is subject to a review. In an age when we all rely on credit, cash machines and electronic money, this is a powerful sanction. A default registration remains on a member's file for six years.

Benefits

•  Default registration removes the adversarial nature and cost of a    legal process.

•  It provides the facility for credit searches so that letters can be    made more relevant to the defaulter's circumstances.

•  Because our letters are more relevant, they are more targeted in    their demands, promoting a sense of fair-play amongst other    members.

•  It avoids a hardcore of aged payment defaults building up with no    prospect of resolution.

•  Once the default registration is in place, Ashbourne Membership    Management writes to the defaulter every 6 weeks. This keeps the    issue alive and, as the debt is often relatively small, we continue to    offer ways in which it can be paid off.

•  With the six year life to the default registration, in the worst cases,    we keep doggedly pursuing the debt! This results in a payment    even after the membership contract term has expired.