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Amending the terms of a managed loan with HSBC
Bargin_Betty79
Posts: 87 Forumite
Hi,
I'm looking to speak to HSBC today to amend the terms of my Managed Loan with them to either gain £800.00 or pay them £100.00 less for 8 months, I rely on my vehicle to get me to work and back and unfortunately its broken down and cannot be repaired, a family member has offered to sell me theirs well below the market price and would let me pay them for it over 8 months.
What I was wondering is if any of you have been in a similar situation and have HSBC been understanding and helpful, I know they've got a bit of a bad reputation but as this is only a short term amendment and I need a car to get to work I'm hoping they will agree to it!
Thanks
BB X
I'm looking to speak to HSBC today to amend the terms of my Managed Loan with them to either gain £800.00 or pay them £100.00 less for 8 months, I rely on my vehicle to get me to work and back and unfortunately its broken down and cannot be repaired, a family member has offered to sell me theirs well below the market price and would let me pay them for it over 8 months.
What I was wondering is if any of you have been in a similar situation and have HSBC been understanding and helpful, I know they've got a bit of a bad reputation but as this is only a short term amendment and I need a car to get to work I'm hoping they will agree to it!
Thanks
BB X
0
Comments
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Sorry cant help but bumping for youI am a Forum Ambassador and I support the Forum Team on Mortgage Free Wannabe & Local Money Saving Scotland & Disability Money Matters. If you need any help on those boards, do let me know.Please note that Ambassadors are not moderators. Any post you spot in breach of the Forum Rules should be reported via the report button , or by emailing forumteam@moneysavingexpert.com. All views are my own & not the official line of Money Saving Expert.
Lou~ Debt free Wanabe No 55 DF 03/14.**Credit card debt free 30/06/10~** MFW. Finally mortgage free O2/ 2021****
"A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
***Fall down seven times,stand up eight*** ~~Japanese proverb. ***Keep plodding*** Out of debt, out of danger. ***Be the difference.***
One debt remaining. Home improvement loan.0 -
HSBC are the very worst gathering of affectless automata I have ever encountered. You can try, but may not be successful in renegotiating the loan. You may have more luck if you go into the branch than if you try to sort it out over the phone with "Trevor" in Mumbai, but don't count on it.
If you don't get anywhere, just stop paying HSBC until you have the £800, then start paying them again
My Debt Free Diary I owe:
July 16 £19700 Nov 16 £18002
Aug 16 £19519 Dec 16 £17708
Sep 16 £18780 Jan 17 £17082
Oct 16 £178730
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