Sleep managing hsbc hesitant blip help

fatbelly

Winkflower said:

My question I think is to pay or not pay in the mean time, full in or not fill in the I and E.
Whether ti's best at this point to let it be sold potentially or whether I'd just start to get charges and interest (although has defaulted) thanks all x

You pay what you can afford

You don't fill out their i/e but if your soa makes sense and justifies your payment you can send them a copy of that

Winkflower

Should I keep paying though they say they are cancelling the plan ? Can they add interst or make charges  again even if its defaulted? 
Thanks so much fatbelly

sourcrates

Winkflower said:

Should I keep paying though they say they are cancelling the plan ? Can they add interst or make charges  again even if its defaulted? 
Thanks so much fatbelly

Ok, relax, take a deep breath............once a debt defaults, that`s it, no more interest, no more charges, the balance is frozen, and any payments you make towards that debt going forward, directly reduce your balance.

Sounds like your debt is now with HSBC collections, I would stop paying for the time being, is very likely that HSBC will take a commercial decision and sell the debt on within a short space of time, that would be the most likely scenario here.

You can then make arrangements with whoever its sold too.

ManyWays

On the plus side, that HSBC debt is NOT that large, so unless it was a business debt or a personal guarantee over a business debt, I would be surprised if HSBC goes to court.

£30 is affordable
You said 200 was affordable overall, the HSBC loan is about 25% of your total debt, so 25% of £200 would be £50

All 6 2019/2020 but were affordable at the time
you have listed 12 debts, which were the ones started in 2020 or with a limit increase in 2020? 
Sorry for asking again, but you have very little time to get any affordability complaints in, miss this and you lose one of the main tools that can sometimes help, as asking for CCAs doesnt seem to have helped much and more than half of the debt balances havent been sold to debt collectors.