hsbc what offer to make

poppyjay

i have a very large debt with hsbc about 22000 what sort of offer do you think they will take for full and final payment and how long do you think they will give me to pay
the debt is with a dca dont no which one yet
thank you

climbgirl

Full and final settlements don't really have a set amount, you just pick an amount and see if they'll accept.

You have to pay these as a lump sum in one go though, you can't make a full and final offer for say 50%, then ask to pay it off over a number of years. They'll expect it there and then if they're wiping off half the debt!

Do you have a lump sum to make a full and final offer with? If not, I'd suggest you contact the bank (or dca if it's been passed on) and arrange a repayment plan. They'll want to see details of your income and expenses though, to prove what amount you can afford.