Different lenders have different methods for collecting unpaid debts. The speed with which they act, their attitude when they contact you, and the subsequent action they may take all differ.
Missed payments will be recorded on your credit report, making it more difficult for you to obtain credit. Your creditors will begin by calling or writing to remind you to make up any missed payments (unless they agreed to a temporary payment break) and bring your account up to date. Any regulated debts you have, such as credit or store cards, personal loans, payday loans, hire purchase, catalogues, or overdrafts, are likely to have defaulted. This is called debt collection process