Loan and CC

johnny_prescott

hi, i had a loan with HSBC (as i had my mortgage with them 3 years ago) unfortunately i had to move home to look after my mother who was very ill, i had to give up my job to do this. Although i agreed to pay a reduced amount on my loan the bank have put this as a default and after months of them cancelling my appointments, refusing to give me a new appointment (which they would actually keep) & harassing my elderly parents they have passed my debts onto a collection company who are demanding £268 pcm & are refusing to negotiate this amount.

I am considering a vouluntary agreement as i am unable to pay this amount every month due to rent, bills etc... any ideas about what i should do?

idiot_3

which debt collectors have they passed it to?

i have some experience of hsbc debt collection.

johnny_prescott

the value has been passed over to metropolitan, need to phone them in the next day or two so any advice you have would be fantastic...

idiot_3

i will pm you.

bob_k_2

Hi idiot / johnny_prescott

I am in a similar situation with my hsbc overdraft passed over to Metropolitan.

Any advice you can offer me? (pm is fine if u wish)

cheers,
Bob

Pere_Ubu

I have experience of HSBC. I was unable to pay back a student loan I had with them as The Midland Bank. They passed it to Metropolitan who agreed a payment schedule knocking interest and charges on the head. They were really OK. Be honest don't agree to pay more than what you know you are able. They will try for more but stick to your figure which you should know before contacting them. I started off really really low which enabled us to negotiate a higher figure.

idiot_3

bob - i sent you a pm. any thoughts?

bob_k_2

Thanks Pere.

idiot - please see PM reply.