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Notice of Default from Bank
In regard to my credit card, I have created and sent two separate money orders in settlement of both the minimum monthly repayment and the total amount owing on the credit card. Have done it this way because instead of settling the account and closing it, I was hoping to keep it open for future use.
The bank has responded with the usual “we don’t accept money orders” and “others have tried but not succeeded with this method of payment”. I have sent a Request for Further and Better Particulars in regard to the minimum monthly payment and have received nothing back.
Received a Notice of Default from the bank today regarding the bigger amount – the total amount owing. They have my money order in settlement of this amount, but deny same.
Where do I stand now in regards to this? Do I just continue on with my private settlement process for two matters or focus solely on the matter where the Notice of Default has issued?
They haven’t sent an Affidavit with their Notice of Default.
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4 Replies
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Hope these help in some way
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Thanks for that Morag. I have Module 10 – Strategies to Discharge Credit Card Debt and in that it says (see attached). Should I just go ahead and issue them an Invoice and Notice and Demand for Payment being that they are in default and my obligation has been discharged? They have already acknowledged in their letter that they don’t believe money orders are a legitimate financial instrument or have any monetary value in Australia.
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This reply was modified 1 year, 3 months ago by Renae Gosper. Reason: Add document
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If that is the next step in your process, then you could do that. If you have said you will then is it not honourable to follow through and do it? Just weigh up the pros and cons of any action and make sure you know how to hold your position; all the way to the high court if necessary.
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This reply was modified 1 year, 3 months ago by
