HSBC debt suddenly resurfaced...

lilylaren

Looking for some advice.

In 2007 I had an overdraft and a loan with HSBC. Outstanding on loan was 3000 and overdraft was also 3000. They both defaulted in late 2007 / Early 2008. One ended up as a ccj (not sure which!) both were bought by debt collection companies.. Which chased me on and off for 6 years. The ccj one at one point had a warrant for possession which I dealt with by making regular payments.
Both offered me settlements previously and now one appears to be registered on my property.

Anyway fast forward 6 years and the defaults have been removed and also the ccj.

I've now received a letter from HSBC informing me I must contact them within 48 hours of receiving said letter to prevent possible legal action..

I'm happy to deal with it and make monthly payments but I'm desperate not to have it back on my file and effecting my credit for another 6 years

I don't want to make contact and make it worse so after advice first

Thank you

sourcrates

Hi,
You don't need to adhere to there time frame firstly, I would send them this letter :


https://forums.moneysavingexpert.com/discussion/2607247


then the onus is on them to fully explain which debt they are chasing you for, armed with that knowledge you can then proceed with a course of action.

happy_bunny_2

It shouldn't go back on your file.

I would give national debtline a call to see what action they advise.

lilylaren

Thank you, will send that letter.

Am i right in thinking if it is the account that they did not obtain a ccj for then they could effectivly apply for one now and if registered would start the whole 6 years again?

If they go down the court route how much notice would i get and am i right in thinking that if i paid it within a certain time of either papers being recieved or judgement being issued that it would not stay on my file?

Tixy

Am i right in thinking if it is the account that they did not obtain a ccj for then they could effectivly apply for one now and if registered would start the whole 6 years again?

Yes they could apply for a CCJ for the one that hasn't been to court.
Have you been making payments towards both debts? or only the one that already has a CCJ?

If they successfully obtained a CCJ and if you paid within a month of the judgement then it would not be recorded on your credit file or the register of CCJs.

lilylaren

had another letter before I had a chance to deal with the first!

so it appeardls according to new letter which had a lot more info on (why not send that one first!?) that this is about the current account debt only.
the letter has a county court claim number on it so I assume this means its the one that I got a ccj for in mar h 2008? the letter goes on to say they have the debt registered on the propwrty I own. and that if I dont contact them to arrange payment then they will take further enforcement action.

I wanted to contact them with an offer of settlement does anyone know if they would be likely to accept this with it being granted a ccj and it being registered on my property?

if we can not agree a settlement can they take me back to court? I have no issue making a monthly arramgement but want to do everything in my power to stop this going back on my credit file!


also on a side note I also had a loan with hsbc that defaulted on same date end 2007. I was bever takem to court for this debt and actually assumed it was the one secured on my property. it must be at least 6 years now since I acknowledged this debt or close to it so assuming it will become statue barred very soon.
opening up communication with hsbc regarding this overdraft debt cant interfere with his can it?

double_mummy

the probably wont settle as they can get the total amount from your property

might be worth paying off a lump sum then a monthly repayment plan for the rest

happy_bunny_2

They are separate debts. Depends how you worded the letters you sent I guess.

lilylaren

thanks for replies. I haven't replied at all. I wanted to phone but was worried they would say oh and u also have his accou t and that woukd stop it from becoming statue barred?

I doubt they will show much in the other debt they havemt for at least 5.5 years!

id be quite happy to leave it there owing till I sell property but obvs they seem keen to collect now!

if and when I settle (in full or agreed amount) how do I go about protecting myself and making sure it comes off as registered charge?

happy_bunny_2

Phone calls do not legally acknowledge the debt. Neither do emails. Only letters.

Not sure about the charge. Maybe call national debtline?