[finna]

I’ve been going back and forth with the lender for this line of credit loan.

Last week I sent them the first invoice with letter of demand giving them 14 days to pay.

Today I received a letter of demand from them demanding full payment of the loan or collections to commence in 3 days. This threat includes them placing a caveat on my property’s, legal fees and default with equifax ( i have already sent them a letter). These course of action are outlined in the original loan conract which i signed when taking on the loan.

I have followed the process through as per the instructions. They did not send the PN back to me, did not attend the meeting and have not advised of anu errors on the PN.

They just keep saying they dont accept PN’s. They have also admitted in writing that they accept Australian dollars and they have not been able to show me where in their contract they do not accept PN’s or cash. I have asked them to show me 3 times.

Thoughts on next steps from here…

Do I wait the 14 days and issue a 2 default? Do I get more on the offence now they are making these threats?

I am in the process of selling a property so a caveat could be problematic.

Any thoughts and guidance is appreciated. Thank you

• This reply was modified 10 months, 2 weeks ago by  finna.
• This reply was modified 10 months, 2 weeks ago by  finna.
• This reply was modified 10 months, 2 weeks ago by  finna.

[finna]

UPDATE:

So I sent this letter to the law firm who was bullying me and demanding $2000 for my google review.

Dear Third Party Interloper.

I have never heard of you before and seen no contract between us. I am not a volunteer; my time is not free.

Your email and it’s contents dated 30th July 2024 is acknowledged and accepted conditionally provided that the following is provided to me:

Kindly provide a notarised copy of the contract between us. It will have the names, home addresses, autographs, contact details, and personal indemnity insurance numbers of all parties. Provide proof that you are not a third-party interloper and that you have first hand knowledge of this matter.

If I do not receive this within 14 days, is your agreement, comprehension and understanding no such contract exists and you are a third party interloper engaging in vexatious and frivolous correspondence which will after 14 days thus immediately reported to the Bar Association, the Police, and formal complaints will be made within your organisation.

Further, any correspondence received by you is subject to our service fee. You agree, consent, comprehend and understand to be commercially liable for this fee and to fulfil the invoice within 7 days. Our premium professional rate which we reserve the right to apply in all circumstances is $800 per hour or part thereof, minimum rate chargeable two hours owing to our excessively busy schedule and lack of time for third party interlopers.

HERE IS THE RESPONSE THAT I GOT BACK THIS MORNING

**NOTE THE 1 STAR GOOGLE REVIEW IS STILL ONLINE

We confirm receipt of your response.

Given the issues raised in our letter to you dated 30 July 2024 have been addressed, our client does not intend to take any further action at this time but reserves its rights to do so in the future.

The balance of the matters raised in your email have no proper basis in fact or law and we do not intend to respond to them.

Subject to any further unlawful conduct by you, we and our client now consider this matter to be at an end.

[finna]

If you are to miss placing the 5c stamp on the contract does this mean the contract cant be enforced? Is there something else on the contract that could be claimed as value?

[finna]

that’s great, I too would like to know what you did exactly. Thank you

[finna]

Ok I will have a look

• This reply was modified 2 years, 8 months ago by  finna.

[finna]

Yes I have just issues a Final notice and demand and will lodge the statuary claim next week. Do you think this is this the best way forward?

[finna]

Thank you glengs. Appreciate you taking the time to share this.

[finna]

Thank you for your reply. I will use this and see what unfolds. I really appreciate your assistance.

🙏

[finna]

Will do. Thanks

[finna]

I have been listening to module 10 and I noticed that the first step is to enter into a hardship payment arrangement. My line of credit was 3 weeks in arrears when I issued the PN. Do this become a problem? If so, is there a course of action I can take? I appreciate your assistance. Thank you

[finna]

Thank you very much! Greatly appreciated.

[finna]

Much appreciated. Thank you

[finna]

Is there a version of these documents for Australia? Thanks