Are there any nice consoliation agencies?

Debt_Free_Chick

polen

Two suggestions. Just write back again and make the same offer. Perhaps word the letter differently, but just repeat what you can afford.

Also, I suggest you set up a new bank account, in case HSBC get tougher. Move all your DDs and other regular payments to your new account and have salary/benefits paid to the new account too. Just leave the overdraft on the HSBC account.

If HSBC freeze your account, you're likely to have endless problems, so I'd be setting up a new account asap. Depending on your credit record, you may to settle for a basic bank account to start off with, but these tend to get upgraded for "good behaviour".

HTH

polen

Thanks for all the advice everyone has been given me, it really does help. I wrote another letter to HSBC using a combination of the three sample letters i had obtained from the national debtline website that i was adviced to look at. (that really really helped thanks) I made the offer again of what i could repay and included a cheque for my first repayment. I was really happy with this letter and really thought it would work, but guess what..... i got a letter back saying......


'I regret that given the outstanding debt and the level of your proposed repayment, i am unable to accept your offer.

Please call me .... so that we may discuss your proposal further and try to agree on a revised repayment proposal.

I look forward to hearing from you soon'


Where do i go from here? This is a lady to whom I have explained everything to, i sent a copy of our financial statement of affairs in the first letter and in this last letter i actually said....
'I cannot offer you more (than what i was offering) because it would mean having to cease or reduce payments to our other creditors in favour of your company and the co-operation of our other creditors who have agreed to freeze interest already, would be put at risk'

So she knows i can't afford anymore a month than the cheque was written for, and yet she wants me to ring her 'to try and agree on a revised repayment proposal' I haven't phoned yet because she doesn't seem to take any notice of what i write so why would she listen to anything i say and a phone call is just going to give me added stress.

Can anyone suggest anything? I can't believe HSBC bank/the lady is being like this, i've been with HSBC bank since my teens and i've never been any trouble (when i had a loan always made the payments etc.) but that doesn't seem to account for anything when you actually are going through a tough time... work,health wise etc!!!

Any ideas anyone?!