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HSBCandMe

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About HSBCandMe

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  1. They're allowed to claim the pre-loaded interest even if the loan does not go to term? What should their CCA state to make that enforceable? Also, how does this scenario differ in any material way from what Masterloan have done (my other thread)? There were express terms of repayment of the capital plus interest over 60 monthly instalments. However, you are saying the Default has no effect, so that when charged-off the interest did not have to be rescheduled? P.S. It may be irrelevant, I don't know, but I can’t see an acceleration clause in the CCA allowing them to ‘call in’ the entire amount of interest on the 5 year loan? Copy of the Ts & Cs from my original CCA attached. Clause 2 (c) refers to interest being charged until settlement, but I’m not sure that is an acceleration clause. If you have any thoughts on the above they would be greatly appreciated. 20191120102845876.pdf Post 24 on my earlier AA thread for this loan...
  2. Looking at my CCA from 2004, the AA added £3,862.40 interest to my £14,350 loan. APR 9.5%. Says total amount of credit was £18,212.40. When it defaulted in 2006, the AA didn't rebate the intertest, and I ended up repaying the full total amount of £18,212.40 down until they flogged it to Cabot in February. The circumstances seem very similar to my Masterloan thread i.e. is this pre-loaded interest that should have been off-set against the principle at Default)?
  3. Aside from payments, what constitutes acknowledging a debt?
  4. Yup, can't trust 'em. Are Cabot and Wescot the same company?
  5. Its been a while since I have posted on this. My complaint with Cabot has been drifting on, I received letter from them yesterday saying that my complaint had gone for "independent review." Anyone any idea what DCAs mean when they say that??? Who could they possibly use for an "independent review"? Are they implying they are taking counsel's opinion?
  6. Sharklays via Wescot rejected my counter offer, and have instead reverted to asking for 80% (not 30%) of their claim. I have withdrawn my offer and await their next steps.
  7. Letter received today from wescot offering a 70% discount if I settle. If I dont, they say Barclays will pursue whole amount. 70% white a hefty discount though isnt it?
  8. Re Masterloan, Wescot are bombarding my mobile 'phone with texts. 3 or 4 a day minimum. Although I tried to block their number they seem to find a way to send them. Is there any way I can block Wescot? I know I don't have to answer but justb seeing their name in my messages is upsetting. I got a 'red letter' from them but just filed it under 'i' for ignore. How long begore Barclays give up and sell it on do you think?
  9. Hi, no. It was all kosher. You see, the disputed Masterloan is so old (2003) it never impacted on my other accounts with them until I stopped the AP. No matter, I don't want their lousy CC anyway. I will pay the balance off and be done with them. No sign yet of the bank selling the old Masterloan debt on. Their cockroach friends at Wescott keep upping the ante but, as you say, are powerless while acting as agents.
  10. Barclays have withdrawn my CC while it still has an overdrawn balance. It was being managed well and I always met my payments. Thankfully however it is not a massive debt. Presumably they have done this because I stopped paying the old Masterloan and this has gone to Wescott (who are bombarding me with calls). That's fine and I don't want their credit card anyway. However, I am worried that they will automatically proceed to trash my credit files by showing the balance as "in excess" of my zero limit, which is exactly as they are showing it on my banking app. This would be very annoying, as I paid well over the minimum balance this month before they just unilaterally pulled the plug on my account without notice. Is there anything I can do about that happening?
  11. It was a question. Thank you for reassuring me.
  12. I've looked for the ICO guidance on when defaults should be filed without success. Can you post up a link?
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