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HSBC Credit Department - Advice Please
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bingbong_3
Posts: 40 Forumite
Hi
My debt is - First Direct Personal Loan £10000 with 3 yrs to go @ £320 pm
New debt to add which is -
HSBC Business Loan £24000 following the collapse of my business.
I currently pay £544 per month and have 3 years left to pay the c£19000 left but the new amount above is with my overdraft.
I have advised the bank about my business stopping end of Feb and the fact that I have a job but cannot afford the £544 per month. My figures tell me I have £250 per month initially until I start to earn commission with the new job. Also the £250 does not allow me to save up any money incase something goes wrong with the house.
What do you think HSBC will suggest - Do you think they will just take the £250 until the total debt is cleared??
Any suggestions / advice would be great. My credit rating is excellent by the way. Never missed a payment.
Ta
My debt is - First Direct Personal Loan £10000 with 3 yrs to go @ £320 pm
New debt to add which is -
HSBC Business Loan £24000 following the collapse of my business.
I currently pay £544 per month and have 3 years left to pay the c£19000 left but the new amount above is with my overdraft.
I have advised the bank about my business stopping end of Feb and the fact that I have a job but cannot afford the £544 per month. My figures tell me I have £250 per month initially until I start to earn commission with the new job. Also the £250 does not allow me to save up any money incase something goes wrong with the house.
What do you think HSBC will suggest - Do you think they will just take the £250 until the total debt is cleared??
Any suggestions / advice would be great. My credit rating is excellent by the way. Never missed a payment.
Ta
Debt in January 2006 - £25000
Debt free date?? I'll get back to you on that one!!
Debt free date?? I'll get back to you on that one!!
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