What is the score with defaults due to not paying money into an overdrawn account with the HSBC. 2500 OD. Inactive whilst fully overdrawn back in 2005. 2 other active accounts with HSBC, but I dont beleive they served a formal Default notice, or even suggested we just transfer a tenner from another account to keep it active / under the OD limit. First we remember is MCS taking on the OD amount and agreeing to a £50 p.m repayment. The account was shut down by the HSBC at this point. It is showing as a deafult on Experian about half way through being paid off. We have the money to settle but MCS wont confirm a settlement figure in writing. As their is no set monthly repayment fee on an overdraft I dont undertsand where I stand in the eyes of the law. I want this off the credit report, but need apan of attack.

Rather than add a new thread, i thought I'd ask here as it involves HSBC MCS. My wifes overdraft was left dormant (one of 3 HSBC accounts) and subsequently turned over to MCS for repayment, £50 p.m interest free agreement is in place. The default is now showing on both our Experian reports. 1. Despite requesting a settlement figure in writing, confirming that they will update Experian as settled, they have not written, yet did verbally agreee a discounted settlement. 2. This happend in 2005 and we didnt settle earlier because it was interest free. 3. Now we want it off the Experian report, can I dispute the default by referencing the Consumer credit (Enforcement, default and Termination Notices) regulations 1993 as I do not believe they provide the correct default notices. i.e we had two other active accounts, if they had warned us or phoned us, we could have transferred a small amount to keep the £2500 OD under the limit and active. Any ideas what my best plan of attack should be SAR ?