Hi there This is my first posting / thread but I was wondering if anyone had ever had any issues with HSBC and factoring 3rd party companies. HSBC were factoring a company which supplied my husband with goods (steel and building materials). Our company paid this supplier direct as we were not aware of the relationship with HSBC as the factoring agent. Even though we have proof that we have paid all amounts direct to the company, HSBC, through D G Solicitors are chasing us for the full amount again! even though it has been paid already. We have proof in the way of bank statements and letters from the factored company to confirm that our building company was not aware of the 3rd party relationship with HSBC. I've sent all the information through to DG Solicitors twice now - information / evidence which they are ignoring and have now issued a Court Claim against us. We have of course appealed. Look forward to hearing any similiar stories as well as some helpful advice. Best wishes HolyWater

Hi there This is my first posting but I was wondering if anyone had ever had any issues with HSBC and factoring 3rd party companies. HSBC were factoring a company which supplied my husband with goods (steel and building materials). Our company paid this supplier direct as we were not aware of the relationship with HSBC as the factoring agent. Even though we have proof that we have paid all amounts direct to the company, HSBC, through D G Solicitors are chasing us for the full amount again! even though it has been paid already. Look forward to hearing any similiar stories as well as some helpful advice. Best wishes HolyWater