• Discharging Liabilities (Debt)

  Settling Credit Card With A4V

  Posted by Renae on January 15, 2024 at 6:09 pm

  If someone could advise me of the next step I would be greatly appreciative. Am dealing with a Westpac credit card.

  1. Sent Notice of Tender of Payment (original to Accounts, copy to CFO).

  2. Sent Notice of Temporary Appointment as Fiduciary to CFO.

  3. Sent Notice to Correct Records to CFO – to reduce balance outstanding to zero.

  Have received no replies and balance is still showing as outstanding.

  They are now in commercial default?

  If so, what is it that I’m demanding in my Notice of Demand to them? I don’t want to threaten them with “Should you fail to ……….. within seven days of the date of this Notice, then it will be taken that You have, again, entered into commercial default and I will issue an Invoice to You for award damages…..” or is that the next step? I’m wanting to settle the minimum monthly payment and also settle the total amount on the credit card (as it is currently maxxed out) so I would like to, hopefully, keep the credit card active and now have surplus credit on same. Don’t know if this is possible – and I hope this all makes sense.

  So I’m wondering how do I word my Notice of Demand to them to get them to do what I want?

  joshua replied 1 year, 4 months ago 3 Members · 3 Replies
• 3 Replies

• 

  Renae

  Member

  January 15, 2024 at 6:25 pm

  All good! I have answered my own question. I wait for them to default by not acting on my requests and then send a Notice of Default.

  • 

    Roxanne

    Member

    January 17, 2024 at 1:52 pm

    All the best with this and good on you. Please report back. I am getting my head around all of this and I am getting close to acting…..
    Its such a paradigm shift!

  • 

    joshua

    Member

    February 10, 2024 at 4:18 pm

    goodluck, please keep us updated with any news 🙂

    • This reply was modified 1 year, 4 months ago by  joshua williamson.

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