Letter liquidating account
Unfortunately, for many employees when a company goes into liquidation, information can be scarce or last minute and there can be too much uncertainty.
We talk through some of the financial aspects here in our redundancy in liquidation guide.
If your account is paid off and it is a card that you are determined to get rid of, you will need to do 2 things.
Call Customer Service You will find the number to customer service on the back of the credit card or on a recent bill.
In a typical case, the steps would be as follows: As an alternative to the company being fully closed down, it can remain ‘dormant’ on the register.
Leaving the company dormant typically costs less than £100 per year, and it means that it can be used again, for any other purpose, without any delay or set-up cost.
It will need to have your name, address, credit card number (even if you only list the last four digits of the card number), your request to cancel the account, a reference of your verbal request and listing the date you made the call, request for written confirmation of the cancellation and that you want your credit record to reflect that the account was closed by your request.
Closing these kinds of cards can affect your credit score in a negative way.Please send me written confirmation that my account has been closed.Also, please confirm that you have notified all appropriate credit card bureaus that this account was “closed by request of cardholder.” If there are any discrepancies between my records and yours, please contact me by mail at the address below or by phone at Even if you prefer to write your own version of a letter to the credit card company, be sure that it has all of the required information in it.More information is available on the Insolvency Service website.Assuming that the company can pay all of its debts, there is a simplified way of closing it down.