Account very overdrawn & claiming charges

craigamc · 22nd August 2006, 20:10

Hi All

I recently sent a LBA to HSBC in lieu of my wifes individual bank account, which is currently overdrawn by about £1285

My claim was for £817.50 in lieu of charges during the last 4 years (thats how long she had the account for)

I have today received an offer of 80% which amounts to £654 which we are willing to accept, and we have to sign and date the agreement and return.

However, this still means that we will have an oustanding amount on the account and was wondering if anyone else was in a similar position.

We are now using NatWest and have been since January whilst we try to sort other finances out.

Thanks
Craig

sar011279 · 22nd August 2006, 21:29

Are you concerned about them closing the account and then demanding the rest of the overdraft back? From what I've seen account closers have happened on condition of an offer, so if they haven't mentioned this, and you're happy with the offer, then you should be ok.
Well done !!

craigamc · 22nd August 2006, 23:04

The account has been inactive since last august and remains overdrawn. I think it will be allocated to metropolitan or DG solicitors soon

gizmo111 · 22nd August 2006, 23:22

Quote:

Originally Posted by craigamc

Hi All

I recently sent a LBA to HSBC in lieu of my wifes individual bank account, which is currently overdrawn by about £1285

My claim was for £817.50 in lieu of charges during the last 4 years (thats how long she had the account for)

I have today received an offer of 80% which amounts to £654 which we are willing to accept, and we have to sign and date the agreement and return.

However, this still means that we will have an oustanding amount on the account and was wondering if anyone else was in a similar position.

We are now using NatWest and have been since January whilst we try to sort other finances out.

Thanks
Craig

Why accept the 80% when you are entitled to the whole lot.

craigamc · 22nd August 2006, 23:24

Its just easier

However as we are entering into a DMP, I maybe think that we should request a cheque so that monies can be distributed amoungst all our creditors

craig

kurjam · 22nd August 2006, 23:31

they might refuse to give you a cheque if you owe them money in an inactive account... and they dont rush with the cheque`s they got my acceptence letter 13 days ago and i am still waiting as i dont have an hsbc account !

craigamc · 22nd August 2006, 23:32

hummm

Might just have to bite the bullet, at least it will reduce the total amount owing to them

We have another two accounts plus 2 credit cards to go for yet!

gizmo111 · 22nd August 2006, 23:41

If you don't mind me asking how much is total debt and how much are you reclaiming in total?

craigamc · 22nd August 2006, 23:45

My wifes current balance is £1285, we are claiming £817.50 - £654 offered!

Joint current account balance is £1884, unsure on the claim amount but expect is to be about £1200

My current account balance is £600, excpect charges to be well over this

Credit cards will probably be quite mimimal

craig

craigamc · 25th September 2006, 14:47

Hi All

I have a personal loan with HSBC which has now defaulted and been transfered to Metropolitan Collection Services.

In my opinion, the bank has loaned me the money irresponsibly, as if they had checked my credit file at the time of me appliying they would have noted that I had an IVA.

How do I go about taking this further. As they have left me in a very awkard position

Thanks

GreatWonder · 25th September 2006, 17:04

Applying for more credit after going through an IVA, not just shame on the bank. Sorry, i drifted off the subject. I doubt you could do anything. You successfully managed to withold the fact you had an IVA, what do you want the bank to do?

bigboyprice69 · 25th September 2006, 17:07

I think they may argue that as you knew you had the IVA you shouldn't have applied for the loan.

craigamc · 30th September 2006, 12:46

Hi All

My wife recently won her case against HSBC for £654 after submitting a prelim letter only

We have since sent prelim letters for our joint account and my sole account.

Joint account is £1657
Sole account is £1913

We have recieved standard fob off letters and this our final response.

There must be a certain limit to which they automactically refund for, e.g. under £1,000

craigamc · 1st November 2006, 21:05

Hi

HSBC Merged my personal loan with my current account overdrawn balance when they shut my account and sent to metropolitan collections

The balance stands at £8367, however, there are £1964 charges.

I have sent prelim letter and LBA and the response today was basically

we haven't changed our vies from our last letter.

What should I do, given there is abigger picture here?

Tinkerbelle · 1st November 2006, 21:07

How many cases do you have going with HSBC?

Your threads are all over the place

craigamc · 1st November 2006, 21:09

I have two currently, I for the personal account/loan as above, and one for the joint account, credit card for my wife and I

Tinkerbelle · 1st November 2006, 21:18

Ok...we are trying to merge them but can't make head nor tail of it.

Anyway, I would continue with the claim process, but I expect they will prob write that amount off the balance - if the debt collectors haven't bought the debt.

If the DC have bought the debt, then I think the Bank will send you the money in a cheque.

craigamc · 1st November 2006, 21:19

So should I claim or wait until they send County Court forms then defend that amount off balance?

Tinkerbelle · 1st November 2006, 21:34

Continue with your claim.

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