Halifax Won't Negotiate

chattychappy

Back to the OP...

You've borrowed some money, and agreed to pay it back within the terms offered with the card. Now you can't meet your obligations and want to do a deal.

I think Halifax's position is reasonable. They are not saying no to you. They just want a third-party, someone they see as neutral and trustworthy to "rubberstamp" what you say about your situation.

It's inevitable really - with websites like this one there is a minority of people who "play the system" or who are simply on another planet ("I need my Sky sub because I'm unemployed and have nothing to do all day").

I'm surprised more CCs haven't taken Halifax's approach, and they probably will in the future.

In the meantime, I think you should just comply with their request. It might seem pointless and that they are distrusting you - but in the end it was triggered by your inability to pay so I think they are reasonable in not taking your representations at face value.

Good luck.

jonesMUFCforever

never-in-doubt wrote: »

Nah, not true and unfounded statement.

We do not subsidise non payers at all, you know why? Cos when we apply we know the rate (in most cases) and if we don't like it then we decline and move on. Therefore the rate has absolutely nothing to do with adverse debtors.

If I offer 5% and you take it, then I have loads of bad payers and try to increase your rate to say 10% then you know what to do if you don;t like it - move to another card issuer!

Sorry, but that is the hard facts of the matter. The reason the APR's are so high at the moment is based on a whole lot more than a few million non payers (look at their own internal salaries for a start! Sir Flop anyone?)

I disagree.
I know how much the interest rate is when I apply - if every single cardholder was guaranteed to repay what they owed then the initial rate would be much lower.

Diggingoutofdebt_2

The reason i incurred the debt was a failed business. I racked a fair wee bit up mainly because of customers defaulting and trying to pay off staff at a half decent level. The business left me in quite a bit of debt(over 20k)
Now that I am employed again I am earning significantly less. A former business partner offered me low interst loan to clear all debts and get me back on feet. So basically I was trying to get back on my feet with his generous offer. I was late on a few debts between winding up business and moving back into employment.

I just want to get myself back on my feet and move on with my life. By getting debt reduced down a bit it eases this process. I guess I dont want to be in a debt trap for the rest of my life.

Barclaycard have agreed to accept £4448 on a £6,300. Would be interested to hear how anyone else got on with reduced settlements. I have yet to find an example of Halifax negotiating a fee.

Diggingoutofdebt_2

Halifax offered to refund 3 months interest to close the deal. took about £300 off the value. they really dont do settlement offers but feel like this was a small vistory

dc110

never-in-doubt wrote: »

Then write in and offer £10 per week for the lifetime..... see how they like that one! If they refuse then tell em you'll look into unenforcebaility and its likely you'd win as Hfx were beggars for issuing dodgy CCA's pre 2007 (and they know it as well)....

Is there any evidence thats its likely that this would win?

Windscreen_Viper

Diggingoutofdebt wrote: »

Halifax {snip}. they really dont do settlement offers

Of course not....No self respecting Yorkshire company would consider giving money away! :rotfl:

In all seriousness though I think Chattychappy has hit the nail on the head, as I understand it, HBOS want to see verified details of you financial situation and not just what you say it is..... which I'm sure is correct in your case, but I'm equally sure that some people have not been entirely honest with their figures in the past.

If I were in their position I too would think it reasonable to expect to be presented with a verified statement - they're not saying no to freezing charges etc, just saying that if you want them to cut out their legally applied charges then fulfil their requirements.

scouselad1974

The replies on this thread do make a lot of sense, I suppose if you are a genuinley honest person and fiddling your SOA has never crossed your mind, then it is hard to understand why your creditors do not take your word for it, but as another poster has already mentioned, there must be some people out there who do fiddle their SOA to make reduced payments when in fact they really can pay their agreed payments.
So I for one am now glad that I have chosen to accept help from the CCCA

maz1964

hiya all

well my own experience of halifax i have to say is that they bombarded mw with phonecalls when i told them i was off ill, didnt stop any interest and then i saw red,,,, requested my credit agreement, and all my data, and still calling me daily even after i sent them a letter re my doc to which they were arrogant enough to dismiss it and so i say to all

before you pay them all another penny - get your agreement, get all your data and then you can decide whether to first obtain all your charges back with interest, and then whats left pay them if the agreement is 100% correct

me the phone call s do not disturb me no longer as i have truecall:j

cheers and good luck maz

never-in-doubt

dc110 wrote: »

Is there any evidence thats its likely that this would win?

apart from the fact that pre 04/07 Hfx CCA's were missing the prescribed terms - ermmmm, probably! This has since been rectified but they, similar to Cap1/MBNA used 'quick applications' which, unfortunately, did not contain prescribed terms and thus most are unenforceable! :rotfl: shame on halifax! :rotfl::rotfl::eek:

maz1964

never-in-doubt wrote: »

apart from the fact that pre 04/07 Hfx CCA's were missing the prescribed terms - ermmmm, probably! This has since been rectified but they, similar to Cap1/MBNA used 'quick applications' which, unfortunately, did not contain prescribed terms and thus most are unenforceable! :rotfl: shame on halifax! :rotfl::rotfl::eek:

Hiya yes shame on all the banks as they have proved now - couldnt get their own house in order, now dont come knocking on my door if they cant get their paperwork in order and do things as expected by the consumer credit act 1974 - its simple just follow the law laid down and dot the i's and cross the t's

now who;s next coming knocking?:rotfl:

keep positive guys, and dont let no one bully you until you get all your facts infront of you,,,,

cheers maz