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Self-Management Debt Plan Advice - Letter of Authority
AvaQuaver
Posts: 50 Forumite
Hello all I was wondering if you could help me.
I have recently started a self administered dmp following CAB's letters to print out and working out payments to my creditors.
Most creditors have been pretty good however HSBC have asked for a signed letter of authority before they act on my request of holding the interest and accepting a reduced payment.
What is a letter of authority?
Many thanks AQ
I have recently started a self administered dmp following CAB's letters to print out and working out payments to my creditors.
Most creditors have been pretty good however HSBC have asked for a signed letter of authority before they act on my request of holding the interest and accepting a reduced payment.
What is a letter of authority?
Many thanks AQ
:heart: 'The time is now.' 
0
Comments
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Hi,
They have probably got confused, bless them, they are assuming a 3rd party is acting on your behalf, and want your permission to communicate with them (you) !!
Go along with it, send a brief note saying :
Dear HSBC,
Thank you for your recent letter.
I hereby authorise (your name) to act on my behalf.
signed
(your name)
That should confuse the hell out of them lolI’m a Forum Ambassador and I support the Forum Team on the Debt free wannabe, Credit file and ratings, and Bankruptcy and living with it boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.For free non-judgemental debt advice, contact either Stepchange, National Debtline, or CitizensAdviceBureaux.Link to SOA Calculator- https://www.stoozing.com/soa.php The "provit letter" is here-https://forums.moneysavingexpert.com/discussion/2607247/letter-when-you-know-nothing-about-about-the-debt-aka-prove-it-letter0 -
Thank you muchly.... most appreciated.
:heart: 'The time is now.'0
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