Little old me V HSBC - Claim form now received

[bilious]

Am opening my own little thread for you wonderful people to help me!!! Have had an invalid dn then a final payment letter etc and have accepted their termination of the account... Sort of quiet from them apart from phone calls which i now ignore or send to answer phone, no messages lol will put up more later so you can give me advice on what to do next? Thanks in advance....

Edited May 10, 2010 by bilious

[brooooooooooce]

well done!

[babybear39]

Subscribing in response to your PM.

[bilious]

Thanks babybear, i know you've been helping on the other thread so you sort of know whats gone on? no word on me accepting their termination ( final demand.) except a polite phone call to put me on payment plan ( not yet...) they still seem to be charging me interest and charges etc? if it gooes pear shape will i have to pay the lot? cos if it takes a year etc there's going to be an awful lot on top etc?

[babybear39]

You have to keep an accurate paper trail. Get a box file and creat a comprehensive index of your paperwork. Transcribe or record any telephone conversations. Keep all envelopes that correspondence arrives in. When you send them a letter print a copy off for your file for ease of reference. If they start harassing you more involve TS and the OFT

 

Good luck, best wishes and *hugs*

[bilious]

Thanks for that!!! At the end of the day, as i've said worst case scenario i have to pay it back through the courts etc, but at least i pay what i can afford not what they seem to think i can afford.. Only thing i'm worried about is if they upset my wife as her mental health isn't too good, anything else they can attack me as much as they like.... I did look at the cccs to enter into a dmp which i don't mind doing but they insisted on doing a joint dmp ( but that will affect my wife's credit rating won't it?) i certainly don't want her to suffer from my problem?

Edited May 10, 2010 by bilious

[babybear39]

In that case you really should be getting TS invloved right away. They're there to help vulnerable people

[bilious]

Thanks babybear what about the dmp option will that affect her credit rating which is clear at the moment....

[babybear39]

You really need to ask that question seperately in the formal debt solutions forum. I'm not au fait with DMPs but do have some knowledge of BR.

[bilious]

BR? Sorry am bit thick lol

[babybear39]

No worries, BR = bankruptcy.

[bilious]

Ahh! okay was thinking what's British Rail got to do with it.. I did think of that route but then the house will be nabbed by the banks etc there's no way i'd be able to declare myself BR and they will want to know why my wife isn't, does that make sense? Have even thought of the IVA route, but that looks like it wouldn't work so may have to try the Debt Management plan, but then again it doesn't mean they'll stop interest and charges till they go to court which they'll try not to do?

[babybear39]

For us to be able to help you it would be a good idea to give a breakdown of your debts. How much, joint liability, to whom, with whom, age and what it is (cc, loan, O/D etc.).

[bilious]

Hi babybear! All the debts are in my name apart from the mortgage, have just got rid of the overdraft and am in the process of closing the account (joint.) have 4 credit cards and a loan that finishes in 5 months do you want the card details and amounts? she is putting her money into her account elsewhere and mines going into an account i've set up

 

 

hsbc cc 9k

mbna cc 11k

paypal cc 1.5k

barclaycard cc 4k

hsbc loan 1k

 

hope that helps as i've said she has none of these in her name just mine...

Edited May 11, 2010 by bilious

[babybear39]

Thanks for that. I presume this thread is for the HSBC cc and the HSBC loan?

[bilious]

Well yes am only behind with hsbc cc and the mbna card (mbna have me on a hardship plan etc...) stopped interest etc, but worlds bank being rather unco-operative everything else is up to date..

[babybear39]

Thanks for that. Have you CCAd HSBC for both accounts? If so, when?

[bilious]

No i haven't as yet babybear, will be tomorrow when i send that off can i put both accounts on the letter or do i do one separately? The cc is about 5 yrs old same as the loan so they'll probably have both on file knowing my luck!!! Just at the point now where i don't know which way to go? Have sent the account in dispute to helen packwood letter as brooooce suggested on the back of the invalid dn and final payment letter! Part of me just thinks pay up, with the dmp but it will take 10 yrs at that rate though!!!

[babybear39]

Are you aware of any charges on the accounts that could be claimed back? Any PPI?

[bilious]

I had ppi on the cc but after i missed one payment and offered a reduced payment ( which they refused...) they cancelled the ppi over the phone....

[babybear39]

Was the PPI appropriate for you?

[bilious]

Have no idea? when i did the forms at the bank the lady just said oh you'll need this in case etc etc, and dopey here just said yes... my own fault really cos i was paying an absolute fortune back every month...

[babybear39]

Would you say you were coerced in to taking PPI?

[bilious]

Lol was definitely led that way, but then how would i prove that puppy... Just at the point now where i really don't know what to do part of me says fight and wipe the smile off their face but the other says just bite it, pay up over the 10 yrs....

[babybear39]

Have you disscussed a DMP with payplan or CCCS?