Frustrated

roadrunner_3

It's been a while since I lasted visited, but after many a long and fruitless conversations with HSBC I really feel like throwing in the towel .(am seriously thinking of declaring myself bankrupt).... so thought I'd come here first before doing anything too rash.
To cut a long story short after many years of burying my head in the sand I finally faced up to the fact that I was massively in debt. I have managed to make some headway into to sorting myself out (am currently in a DMP with Payplan) and have managed to pay off £12k in 10 months. All my creditors bar 1 have accepted my DMP for the time being except HSBC personal loan. Even though they are aware of the situation they have offered me a managed loan which I really do not want to get involved in especially as the APR is 12%! I know it probably makes no difference now as my credit rating is in the loo anyway, but I don't want to stop making payments all together & wait for them to pass the debt on to an agency, but I keep getting passed from pillar to post so 10 months down the line nothing has been sorted.
Just wondering what my next move should be. Have spoken to Payplan, but to be honest they haven't really been very helpful. Any ideas on what to do next? Would pull my hair out but the stress of the last year means I have none left! :eek:

fatbelly

Paying off 12k in 10 months in an amazing feat! Well done.

As for the HSBC, are they getting the pro-rata amount? That's a strong argument against a CCJ.

If they don't like it, they'll probably pass the debt on to someone, and they might then accept your offer.

How much is your total debt and what are your thoughts about bankruptcy? What did Payplan say about that option?