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Recently I plucked up the courage to actually look properly at my entire credit reference info and was feeling preety pleased at first, seeing that the CCJ's and most of the debts I accrued when we lost our business 10 yrs ago had been cleared and things werent that bad.....until I got to HSBC. After banking with them (Business and personally) since 1981, I became so ****ed off with the disgusting way they treated us when we were at our lowestand in need of help and advice that I closed my accounts on 22nd Oct 2001. My statement shows a Nil balance on closure and as far as I was concerned we were done. But my credit reference shows me as Default every month since. The info differs mind between the 3 credit agencies, Experien says account closed 30'1'2002 with o/s balance of £752.00. account strart date 22/12/2000, ,Equifax exactly same, but Call Credit says, start date not recorded, o/s bal £707, and they all call it a LOAN, but I have no knowledge of any loan, if it was a loan I somehow took out in my sleep, surely I would have copy contract, they would send me statements, or more likely payment demand letters, but I have nothing and never have. I need to remedy this pronto, as its costing me heaps in interest payments to sub-prime mortgage, c/card etc, and finally explains why despite working so hard to rebuild my credit ref, I still have been refused outright couldnt even open a parachute bank account.
How do I approach this please, where do I stand legally, do I send a standard request for default notice withdrawl letter. I wondered if they'd done what I've read done to others, namely still take out DD's after closure, then refund them and add usual charges, altho it would have to be done more than once for that amount to add up, and wouldnt theyhave to notify me about it.
Hiya cant, if it was a defaulted loan HSBC would have passed it to their debt collection arm to recover, as they havent done this I think its probably an error on their part.
You need to get to the bottom of exactly why they have reported this, my first step would be to write along the lines of letter N of this thread to see if you can find out what records HSBC have for this supposed loan.
Thank you all for the replies and advice. If I write asking for any documentation they hold on this is it a credit agreement they should be able to produce?
If its down as a loan they must by law have a credit agreement if they dont its a criminal offence and the data controler is looking at 2 years in prison.
CantTakeanymore v HSBC
. After banking with them (Business and personally) since 1981, I became so ****ed off with the disgusting way they treated us when we were at our lowestand in need of help and advice that I closed my accounts on 22nd Oct 2001. My statement shows a Nil balance on closure and as far as I was concerned we were done. But my credit reference shows me as Default every month since. The info differs mind between the 3 credit agencies, Experien says account closed 30'1'2002 with o/s balance of £752.00. account strart date 22/12/2000, ,Equifax exactly same, but Call Credit says, start date not recorded, o/s bal £707, and they all call it a LOAN, but I have no knowledge of any loan, if it was a loan I somehow took out in my sleep, surely I would have copy contract, they would send me statements, or more likely payment demand letters, but I have nothing and never have. I need to remedy this pronto, as its costing me heaps in interest payments to sub-prime mortgage, c/card etc, and finally explains why despite working so hard to rebuild my credit ref, I still have been refused outright couldnt even open a parachute
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