Metropolitan Collection Services (HSBC)

AngryDog
AngryDog Posts: 445 Forumite
in Debt-free wannabe
I've just made an full and final settlement offer to them to pay off my debt to them.

Has anyone had any dealings with these people and made successful offers?

Thanks.
As at End of June 2014
Credit Cards - HSBC - £9422
Loans - NRAM £7500 & £12848
«134

Comments

  • AngryDog
    AngryDog Posts: 445 Forumite
    Anyone ever done this?

    Thanks
    As at End of June 2014
    Credit Cards - HSBC - £9422
    Loans - NRAM £7500 & £12848
  • hellzbellz84
    hellzbellz84 Posts: 33 Forumite
    yes i did!!!

    they were fine about it, i offered 75% of the debt and they accepted as long as i paid by the end of the day/week

    I HATE HSBC with a passion, so could not wait to get rid of them....
  • AngryDog
    AngryDog Posts: 445 Forumite
    Thanks, I know, I hate HSBC too.

    I will not be offering them 75% though!
    As at End of June 2014
    Credit Cards - HSBC - £9422
    Loans - NRAM £7500 & £12848
  • hellzbellz84
    hellzbellz84 Posts: 33 Forumite
    offer what you're willing to pay, and the worst they can say is no...!!!

    :) good luck!!

    xxxxxxxx
  • AngryDog
    AngryDog Posts: 445 Forumite
    Not alot to them lol. I'm going to start low and be prepared to negotiate!

    Thanks :)
    As at End of June 2014
    Credit Cards - HSBC - £9422
    Loans - NRAM £7500 & £12848
  • cycloneuk
    cycloneuk Posts: 363 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    edited 20 August 2012 at 5:35PM
    I offered them £5990 on a loan with just over £13000 outstanding, at first they refused but when i said that was my only offer they said they would put the offer forward again and it was accepted.
  • leespot
    leespot Posts: 554 Forumite
    They also freeze interest and agree to very low token payments - I am speaking from experience with them.

    I must say though, HSBC / MCS at the time were a pig of a bank to deal with.

    If you can't afford to pay a lump sum, ask them to freeze interest and make sensible payments that you can afford.

    Good luck! :)
  • alldownhill_2
    alldownhill_2 Posts: 40 Forumite
    I'm in a similar situation with Metropolitan & these posts have certainly made my ears stand up, never realised you could offer a final settlement figure. Will be watching this post & pls let us know how you get on AngryDog.
    LBM 8/9/12 :j Owe £9103 8/9/12 :eek:
  • leespot
    leespot Posts: 554 Forumite
    alldownhill wrote: »
    I'm in a similar situation with Metropolitan & these posts have certainly made my ears stand up, never realised you could offer a final settlement figure. Will be watching this post & pls let us know how you get on AngryDog.

    You can negotiate final settlement figures and interest free repayment options. The sad thing is for every person armed with that knowledge, there are still ten more being stung by the !!!!!!s :(
  • sickasachip13
    sickasachip13 Posts: 1,190 Forumite
    Hey AngryDog

    Did you get anywhere with Met? I'm thinking about trying to negotiate with them.

    SAAC
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