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  1. Good morning, I'm still dealing direct with the bank, HSBC collections team.
  2. Hello, I'm looking for some advice on a loan that was originally taken out in 2016 and defaulted late 2017. The original value was £10k and with interest the outstanding balance is £12,300. Default was due to major changes in mine and families circumstances and a major decrease in incoming finances. I have been since default managed to have the bank accept a monthly figure of £5 a month (which I know is low but all I can afford)i. Snce the default in 2017 but are now applying some pressure for me to pay more. A family member has suggested lending me a one off sum to offer a full and final settlement of the outstanding balance but they are only able to afford to lend me around 10% of the outstanding balance and offer me between £1,000 and £1,300. I guess my question is that do you think it is worth me approaching the bank to offer this or will they most likely refuse and continue to pursue for the full amount. I appreciate any and all advice any of you provide Thank you and take care
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