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HSBC Loan! Help


numanraja
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Hi,

 

 

I have applied for a HSBC loan for 7500 pounds but have been referred online, When I rung up the customer service rep. was also surprised along with his supervisor of why I have been rejected. My case has been forwarded to a team for review.

 

What I don't understand is, that I have never missed a single DD payment ever in my life. I had a HSBC loan for 2,000 which I settled a day before applying so that I have no loan with HSBC, which should have been a good thing as I have settled the loan early. I have an overdraft, a credit card with vanquis.

 

I have a permanent income which is well above the average wage as I'm a higher education lecturer.

 

I've been told by HSBC over the phone that I'll be contacted in one working day i.e. Saturday (as they are open on Saturday).

I really don't know what has happened as I have never even missed a single dd for my TV license. HSBC have really put me off because I have been banking with them for such a long time and have such a good history with them.

 

I hope HSBC get back to me with good news, but I don't understand why I was referred online, as I had settled my existing loan a day before, and I had never missed a single payment for that loan. So why have I been referred.

 

Kind Regards

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check your cra file

 

dx

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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but is the account showing - oopps wrong thread.

 

ok well you need to write to them and ask why you have been refused

 

you have a right to know.

 

dx

 

 

dx

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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I'd personally advise you not to go with HSBC. To cut a long story short, HSBC put a "default" on my credit file WITHOUT notifying me and I couldnt get a mortgage for a house last year as my credit checks came back failed several times. So in the end I purchased my credit file and it said "HSBC Default of £216.49" which wasnt my fault in the first place.

 

Now if they didnt notify me that they we're going to do doubt they would discuss your refusal.

 

You should be able to get credit with a good credit record. Make sure you dont have any defaults on there.

 

Personally I would go with TSB or Natwest for bankign/credit etc.

 

Goodluck and let us know the outcome.

I went all the way to court to seek compensation for "damage to creditworthiness" against HSBC. I lost unfortunately.

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I have had a call from them saying that they will be offering me an APR of 17.4% after doing some FURTHER checks! I mean they had an offer on for 6.2% APR, and now this is what they are doing. They have given me a further 48 hours waiting time for the final checks! I have been banking with HSBC for so long, last time I applied for a loan for 2000, It was in my bank account in 5 minuted, I have settled that loan and don't know why this time they are taking so long. I have banked with HSBC all my life and they are the only ones I bank with.

Further to this, HSBC have been telling me to transfer my credit card with them for so long, everytime I ring them, after this hassle should I really transfer my credit card with HSBC?

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you shouldnt always restrict yourself to 1 bank!! If you have a few accounts and remain good with the different banks this allows a good relationship for you and the banks to establish!! So such issues can be resolved a lot quicker!

I went all the way to court to seek compensation for "damage to creditworthiness" against HSBC. I lost unfortunately.

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with regard to the rate of the loan, you may just simply be in the wrong postcode

 

You can have a perfect payment history but if you live in an area where a number of people have failed to pay then you are tarred with the same brush unfortunately....

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  • 1 year later...
Hi,

 

 

I have applied for a HSBC loan for 7500 pounds but have been referred online, When I rung up the customer service rep. was also surprised along with his supervisor of why I have been rejected. My case has been forwarded to a team for review.

 

What I don't understand is, that I have never missed a single DD payment ever in my life. I had a HSBC loan for 2,000 which I settled a day before applying so that I have no loan with HSBC, which should have been a good thing as I have settled the loan early. I have an overdraft, a credit card with vanquis.

 

I have a permanent income which is well above the average wage as I'm a higher education lecturer.

 

I've been told by HSBC over the phone that I'll be contacted in one working day i.e. Saturday (as they are open on Saturday).

I really don't know what has happened as I have never even missed a single dd for my TV license. HSBC have really put me off because I have been banking with them for such a long time and have such a good history with them.

 

I hope HSBC get back to me with good news, but I don't understand why I was referred online, as I had settled my existing loan a day before, and I had never missed a single payment for that loan. So why have I been referred.

 

Kind Regards

 

You state you paid off a loan the day before? alarm bells as to why may have rung? HSBC work in a world of their own

:mad2::-x:jaw::sad:
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I'd personally advise you not to go with HSBC. To cut a long story short, HSBC put a "default" on my credit file WITHOUT notifying me and I couldnt get a mortgage for a house last year as my credit checks came back failed several times. So in the end I purchased my credit file and it said "HSBC Default of £216.49" which wasnt my fault in the first place.

 

Now if they didnt notify me that they we're going to do doubt they would discuss your refusal.

 

You should be able to get credit with a good credit record. Make sure you dont have any defaults on there.

 

Personally I would go with TSB or Natwest for bankign/credit etc.

 

Goodluck and let us know the outcome.

 

 

And this is a warning to you by one who knows!

:mad2::-x:jaw::sad:
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Guest purplemushroomfairy2

Don't put all your eggs in one basket, HSBC can be tricky to deal with. Dealing with them for years, if you can get the best rate credit card you can, but not with your bank. I have found Natwest to be very good and supportive through hard times, I also have Barclays for day to day.

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