credit card clearance

never-in-doubt

Have a read from here: You'll find the answers you desire....http://forums.moneysavingexpert.com/showthread.html?p=20459909#post20459909.

spacealiens

Hello,
I am going to send a request for the CCA letter tomorrow. I owe the hsbc mastercard roughly £1800 and have missed 2 months payments and they said they will be taking action now.
I have 3 questions:
1. who do i write the letter to:
2. who do i pay the £1 to:
3. does it need to be recorded delivery?

Any help much appreicated

never-in-doubt

spacealiens wrote: »

Hello,
I am going to send a request for the CCA letter tomorrow. I owe the hsbc mastercard roughly £1800 and have missed 2 months payments and they said they will be taking action now.
I have 3 questions:
1. who do i write the letter to:
2. who do i pay the £1 to:
3. does it need to be recorded delivery?

Any help much appreicated

1. who do i write the letter to: HSBC, Customer Relations...
2. who do i pay the £1 to: HSBC
3. does it need to be recorded delivery? Ideally yes.

Can I ask, when did you take the card out? remember HSBC is one of those banks that issue printed sheets of paper as the CCA and think you'll find they are in order. HSBC are one of the few banks you see losing unenforceability as they never used a blanket CCA - they use pre made templates and print them onto sheets of A4 - an average HSBC CCA will be 6 pages long and more than likely have the prescribed terms intact.

If you go ahead and send CCA, you need to check the prescribed terms when you get the CCA, as shown here: #29

spacealiens

never-in-doubt wrote: »

1. who do i write the letter to: HSBC, Customer Relations...
2. who do i pay the £1 to: HSBC
3. does it need to be recorded delivery? Ideally yes.

Can I ask, when did you take the card out? remember HSBC is one of those banks that issue printed sheets of paper as the CCA and think you'll find they are in order. HSBC are one of the few banks you see losing unenforceability as they never used a blanket CCA - they use pre made templates and print them onto sheets of A4 - an average HSBC CCA will be 6 pages long and more than likely have the prescribed terms intact.

If you go ahead and send CCA, you need to check the prescribed terms when you get the CCA, as shown here:

Thanks for the prompt reply.
I took the card out in March 2007, just before the April cut-off date.
I have since moved abroad, have no assets and the address in the uk on my a/c is my parents. What can i expect?

never-in-doubt

spacealiens wrote: »

Thanks for the prompt reply.
I took the card out in March 2007, just before the April cut-off date.
I have since moved abroad, have no assets and the address in the uk on my a/c is my parents. What can i expect?

You now live abroad? Are you planning on staying there a while? If so do the following;

1. Get parents to send any letters for you from HSBC to sender as 'addressee unknown'
2. Ignore them - they will eventually go away
3. If/when you ever move back to the UK you will have to start again - credit doesn't pass between jurisdictions so your Euro/Us whatever report can not come to the UK and vice versa so this means that when you come back you cannot use your parents address. If you get your own place then the old history will simply vanish.

Thats what i'd do - whether you want to or not is up to you but bottom line is that as you're abroad, no one can touch you and after a year they chill out looking for you and wait for you to pop-up on the radar again (by applying for stuff over here). As you won;t be doing that, i'd be prone to walk away and forget it.

Paul_Herring

never-in-doubt wrote: »

You now live abroad? Are you planning on staying there a while? If so do the following;

disown your debts - they can't chase you

(my interpretation)

That's not going to solve the problem, only the symptom.

If they had debt problems here, they're going to get them there......

never-in-doubt

Paul_Herring wrote: »

(my interpretation)

That's not going to solve the problem, only the symptom.

If they had debt problems here, they're going to get them there......

Why pay when you don;t have to?

Simple equation really! Yea, if they are coming back in the next few years then things change. I understand your interpretation, but mine is different and we are entitled to our own interpretation - rightly or wrongly.

I also notice you have a leech thanking you again - lol, sad

~Brock~

spacealiens, whilst you may well decide to take note of NID's sermon on debt avoidance, despite the fact that there has been no suggestion as far as I can see that your debts actually are unenforceable, you may first want to check that there are no financial associations between yourself and your parents listed on your credit files with each of the agencies - if there are you will not only screw up your own credit rating, but also that of your parents.

NID has also omitted to mention the European Credit Directive, which member states must implement in June next year. This is designed to increase cross border lending amongst the European credit industry, and a significant part of the requirements of this directive falls upon the CRA's to register across the whole of Europe. You may find that, contrary to what has been suggested, that your credit file is no longer confined to the UK.........

The above of course assumes 1) that you currently live in Europe and 2) that you actually give a damn

never-in-doubt

~Brock~ wrote: »

spacealiens, whilst you may well decide to take note of NID's sermon on debt avoidance, despite the fact that there has been no suggestion as far as I can see that your debts actually are unenforceable, you may first want to check that there are no financial associations between yourself and your parents listed on your credit files with each of the agencies - if there are you will not only screw up your own credit rating, but also that of your parents.

NID has also omitted to mention the European Credit Directive, which member states must implement in June next year. This is designed to increase cross border lending amongst the European credit industry, and a significant part of the requirements of this directive falls upon the CRA's to register across the whole of Europe. You may find that, contrary to what has been suggested, that your credit file is no longer confined to the UK.........

The above of course assumes 1) that you currently live in Europe and 2) that you actually give a damn

I actually stated that it would be unlikely to be unenforceable due to it being HSBC (they do not issue bog standard CCA's) - did you miss that?

Financial associations with parents do not matter, easily removed. There would be no link, unless the OP was actually financially 'linked' to them in that they had a joint account of some capacity - very unlikely. Anything else will be broken so this will not come into play either.

Regards to the European Credit Directive (CCD), you're also taking into account that the UK wish to remain a member state - which will depend what happens next year in elections; similarly, guidance such as this will be brought into force with the agreement of the consumer, i.e. the cross border sharing of info cannot just 'come into force', it would have to be added to new agreements so the consumer can opt-out if they choose. As far as retrospectively adding it goes, this would immediately be a breach of DPA without the consumers authorisation (catch22).

However, the OP may not even be in Europe and even though the legislation has been passed, when it comes live it has to conform to our DPA and as Europe doesn;t have a unilatteral DPA there will be issues and someone will sue and win bringing the whole idea crashing abruptly back down to earth.

For details of CCD - see here: http://eur-lex.europa.eu/LexUriServ/LexUriServ.do?uri=OJ:L:2008:133:0066:0092:EN:PDF

If the OP want to try and make settlement offers, try here: http://www.nationaldebtline.co.uk/england_wales/factsheet.php?page=24_full_and_final_settlement_offers

sczech

I've just been contacted by Glovista Red S.L. Can I assume from comments posted that this is another scam? Thanks