compensation for hsbc default advice needed

MoneyMagic01273

OP - I seriously suggest you wipe those pound signs out of your eyes for a moment and set your expectations MUCH lower than a 5 figure sum. It has been correctly pointed out that you cannot make a legitimate compensation claim for hypothetical "might have been" scenarios. Compensation is designed to give you back what you have lost, not what you might have lost.

I understand you are adamant you are in the ballpark of thousands of pounds in compensation and nobody here can convince you otherwise - but you really are so way off target, its not true.

You can try to make the situation sound as world-ending as you like and you can fantasize for endless hours about how a kindly judge will wipe away his tears of sympathy before awarding you a massive payout - but the hillarious reality is you will be embarrasingly laughed out of the room if you go in with those sorts of expectations.

meer53

Debt isn't passed to a DCA without a default being issued first. Didn't you know that OP ?

Lokolo

nadsta1 wrote: »

I think your either blind or stupid. I have mentioned several times the fos is not involved at this stage. I am talking directly with a senior manager from hsbc.

I think most of you on here earn more sitting on here all day on benefits talking a load of crap

Well its perfectly fine for banks to charge stupid prices...

Yes they are. They set these sort of guidelines for banks to follow.

If the FOS suggest around £10 an hour, why would a bank offer £20 an hour?

What the bank want is for you to think £5 an hour is a good rate, so this way the bank saves that extra £5 an hour cost, and they're happy.

The bank will also get charged if you go to the FOS (within reason) so of course they will come to you and ask you what you want, they don't want that extra hassle.

thorsoak

"MSE requests you give all new posters a chance! Please be especially nice".

Maybe Martin should start to give the same message to New Posters, to be nice to people who give advice!

OP - there is a lot of experience/advice being given to you here - my advice would be to read it carefully, and think before you set out your claim to HSBC. A reasonable claim will be given due consideration - an exorbitant one - and it would be laughed out of court!

nadsta1

meer53 wrote: »

Debt isn't passed to a DCA without a default being issued first. Didn't you know that OP ?

Where did you get that from? Just thought of it did you?

I have 1 settled on my credit file its as follows "Settled - Outstanding/owed balance £0" in green writing.

The default was "Default - Owing balance £216".

They wont stain me with a default and then get other companies to ask me for the money. Thats why the default stays there for 6 years? If I pay them the money why would I be punished for 6 years? Or is that a bit too difficult to understand for you? "you do the crime you do the time" ring a bell?

Why does someone go bankrupt? Because they cant pay the owed money or keep up with payments therefore whatever assets they may have will be taken off them and usually those assets are far less than the amount owed. OTherwise they wont be going down the bankrupt route but could liquidate their assets themselves.

Am not here for a debate all I came for was some indication of figures by people who have been in similar cases. Not for einstein wannabes sitting on forums for the past few years with a few thousand raked posts giving their "professional" opinion.

The severity of my case is obvious otherwise if it was a simple small thing the team members of hsbc's quality team on minimum wage would be dealing with it, not the boss himself.

nadsta1

thorsoak wrote: »

"MSE requests you give all new posters a chance! Please be especially nice".

Maybe Martin should start to give the same message to New Posters, to be nice to people who give advice!

OP - there is a lot of experience/advice being given to you here - my advice would be to read it carefully, and think before you set out your claim to HSBC. A reasonable claim will be given due consideration - an exorbitant one - and it would be laughed out of court!

From the replies I got here pal, seems pretty worthless especially as the people have failed to read what I have wrote. Dont think any of you got any experience and are simply dreamers. I have asked what experience any of you have and no one has mentioned nothing. Exccept the idiot who keeps daydreaming about fos and fos figures and yet fails to read (once again) even his beloved fos on their site state "if your not happy with the outcome you can take the matter to court, we are simply here to solve disputes and not compensate".

If idiots fail to understand that statement the fos has made I dont see they got any advice to give me.

Might as well lock the topic.

meer53

nadsta1 wrote: »

Where did you get that from? Just thought of it did you?

I have 1 settled on my credit file its as follows "Settled - Outstanding/owed balance £0" in green writing.

The default was "Default - Owing balance £216".

They wont stain me with a default and then get other companies to ask me for the money. Thats why the default stays there for 6 years? If I pay them the money why would I be punished for 6 years? Or is that a bit too difficult to understand for you? "you do the crime you do the time" ring a bell?

Why does someone go bankrupt? Because they cant pay the owed money or keep up with payments therefore whatever assets they may have will be taken off them and usually those assets are far less than the amount owed. OTherwise they wont be going down the bankrupt route but could liquidate their assets themselves.

Am not here for a debate all I came for was some indication of figures by people who have been in similar cases. Not for einstein wannabes sitting on forums for the past few years with a few thousand raked posts giving their "professional" opinion.

The severity of my case is obvious otherwise if it was a simple small thing the team members of hsbc's quality team on minimum wage would be dealing with it, not the boss himself.

:rotfl::rotfl::rotfl::rotfl:



So you do have a default on your credit file. Why didn't you sort this out with HSBC before the default was issued ?

I didn't just "think" of it, it's what i do for a job. I work for a bank, i issue defaults and i pass debt to DCA's. Any more stupid questions ?

Oh, and good luck with your 5 figure compensation claim (it ain't gonna happen) :rotfl:

Lokolo

nadsta1 wrote: »

From the replies I got here pal, seems pretty worthless especially as the people have failed to read what I have wrote. Dont think any of you got any experience and are simply dreamers. I have asked what experience any of you have and no one has mentioned nothing. Exccept the idiot who keeps daydreaming about fos and fos figures and yet fails to read (once again) even his beloved fos on their site state "if your not happy with the outcome you can take the matter to court, we are simply here to solve disputes and not compensate".

If idiots fail to understand that statement the fos has made I dont see they got any advice to give me.

Might as well lock the topic.

Then get lost.

You've been given your help and you clearly don't care what anyone else here thinks because you think you are right.

Don't like it. Leave.

rb10

nadsta1 wrote: »

Exccept the idiot who keeps daydreaming about fos and fos figures and yet fails to read (once again) even his beloved fos on their site state "if your not happy with the outcome you can take the matter to court, we are simply here to solve disputes and not compensate".

If idiots fail to understand that statement the fos has made I dont see they got any advice to give me.

The poster to whom you refer is a highly respected MSE member, who has a huge amount of experience and knowledge. I'd ask that you not refer to him in that way again, especially when he has given his time to help you out.

I have read your posts, and I have read his, and I believe that the information that he gave is wholly relevant, and which you should take note of.

I expect that you will get a reasonable level of compensation - but unlikely to be four figures, let alone five. Whilst your complaint at this stage rests with HSBC, the details on the FOS site provide useful guidance as to how much is a reasonable amount to ask for.

nadsta1

I have asked y'all what experience your talking from, and you failed to say, so sitting on here saying "so and so is so knowledgeable" is bloody worthless to me. Actually keep this post open, and when I get a reply from hsbc regarding a settlement I willscan it on here for you that will shut you up.