Credit Card Advice

[loz_158]

I have an Hsbc Credit card that I am having difficulty paying at the moment due to a reduction in money coming into the household, HSBC are hounding me for payments suggesting I use my overdraft to pay for my monthly bill even though I have pointed out this will not leave me money for food ect, wher do I stand and what can I do? has anyone any advice please.

Thanks for reading this.

	Are you letting your bank keep your money Are you giving away thousands of pounds?? Many people aren't claiming all of the money they are entitled to when they make their bank charges claims. You have been forced to pay unfair bank charges. Have you forgotten that your bank has charged you inteest on those charges? If you are overdrawn and the bank owes you charges - then your overdraft is made up of charges - money which you bank owes you. Yet you are paying interest to the bank - on your own money!!! Follow this link to see the discussions on this. You might even double th size of your claim.

[big blue one]

you will probablyy find that they will use your overdraft for you by simply taking the money anyway. cant understand why they wont enter into an agreement?

	Are you letting your bank keep your money Are you giving away thousands of pounds?? Many people aren't claiming all of the money they are entitled to when they make their bank charges claims. You have been forced to pay unfair bank charges. Have you forgotten that your bank has charged you inteest on those charges? If you are overdrawn and the bank owes you charges - then your overdraft is made up of charges - money which you bank owes you. Yet you are paying interest to the bank - on your own money!!! Follow this link to see the discussions on this. You might even double th size of your claim.

[gyzmo]

I am not too sure, but I have read somewhere that encouraging someone to use credit to pay credit is classed as an unfair practice.

Simply do this. Draw up a statement of your incommings and outgoings. From your outgoing, remove necessaries - food, bills, rent, taxes, etc.

Whatever is left should be your debts. Now work these out pro-rata and offer a payment of whatever is available from your remaining money.

So long as it is reasonable (e.g, you are not spending £80 on your mobile phone each week) then a court would accept it. As such, the creditor should accept it also. Request that they freeze interest and remove charges.

This is explained in more (and better) detail in the debt forums.

	Consumer Protection from Unfair Trading Regs 2008 Follow this link to our CPUT entry in the library. Using CPUT you can complain to Trading Standards about Unfair Commercial Practices. Complaining under CPUT is easy to do. It costs no money and carries no risk. However, you may also need to bring your own direct action to produce a solution to your own problem or to get compensation.

	Are you letting your bank keep your money Are you giving away thousands of pounds?? Many people aren't claiming all of the money they are entitled to when they make their bank charges claims. You have been forced to pay unfair bank charges. Have you forgotten that your bank has charged you inteest on those charges? If you are overdrawn and the bank owes you charges - then your overdraft is made up of charges - money which you bank owes you. Yet you are paying interest to the bank - on your own money!!! Follow this link to see the discussions on this. You might even double th size of your claim.

[loz_158]

Thanks for the advice, I'm on to it right now, Loz

[IdaInFife]

here's a list of template letters, letter B is right one for this


Creditors and DCAs - Consumer Wiki


ida x