Jump to content


style="text-align: center;">  

Thread Locked

because no one has posted on it for the last 3248 days.

If you need to add something to this thread then

 

Please click the "Report " link

 

at the bottom of one of the posts.

 

If you want to post a new story then

Please

Start your own new thread

That way you will attract more attention to your story and get more visitors and more help 

 

Thanks

Recommended Posts

Hi

I have recently won a ppi claim back from the hsbc, however, they are telling me that they are going to keep it to set off against a bank loan. The ppi was not on the loan, but on a loan that has been settled. If They do not return this money then I am going to not only fall deeper in debt, but my whole life style will go.

Due to the reccession I was put out of work and I am still out of work.At the time I had enough funds to repay the loan, and offered to do so.I even made extra an payment, that was returned to my account. However the hsbc refused to accept my offer, and told me that under the contract the loan had to run its course. I explained to them that if I am am unable to clear the loan, then I would fall into default once my funds ran out. This did not make any difference. The loan went into default, and eventually the hsbc took me to county court.(another story). The debt has been offset against my ex marital home, under the ruling that if my ex wife should sell then the total debt would be recovered. I did not get the chance to defend my self in the court, as I was away from home and my mail was not able to be forwarded, as I live on my own now.

Link to post
Share on other sites

as far as i know it is their duty to put you back in a position that you would have been in had they not forced this ppi upon you.

 

had they not done this the money would have been in your pocket to do with as you felt fit, therefore, that is the position you should be in now

 

You may be better off if this was in the ppi reclaim forum so i have asked for it to be moved there

HTH (Hope This Helps) RDM2006

 

THE FORCE (OF CAG) IS WITH YOU

;)

 

We've Helped You To Claim - Now Help Us Remain

A live Site - Make a Donation

 

All advice and opinions given by people on this site are personal, and are not endorsed by Consumer Action Group or Bank Action Group. Your decisions and actions are your own, and should you be in any doubt, please seek qualified professional legal Help.

 

However, if you have found any advice you have been given helpful.

Why not show your gratitude And

Click the * on the post you found helpful.

Link to post
Share on other sites

Hi

 

They can only set off against notified arrears on the loan so you need to get the latest arrears notice out and see what the figure is on that and ensure that only that amount is set-off

 

ims

 

 

Thread moved to PPI forum

If I have helped you please leave me a message by clicking my star

 

1. Single Premium PPI Q&A Read Here

2. Reclaim mis-sold PPI

Read Here

3. Reclaim Loan & Credit Card Charges Read Here

4. The CAG Interest Tutorial

Read Here

5. Feel Bullied by Creditors or Debt Collectors?

Read Here

6. Staying Calm About Debt

Read Here

7. Thinking of a Full & Final Settlement?

Read Here

 

How To Upload Documents To Cag

Instructions

 

I DON'T GIVE ADVICE BY PM BUT IF YOU SEND ME A LINK TO YOUR THREAD THEN I WILL BE HAPPY TO OFFER HELP THERE

 

 

 

Private message facilities are offered for users to communicate issues that are perhaps inappropriate for posting on the main forum. Site rules explain this in more detail.

 

If you receive a private message which you consider abusive, derogatory or otherwise inappropriate, whether it be about yourself or other members, please report it using the "report" icon

 

If you are approached (or have been approached) by private message with an offer of help "Off Forum" or with a view to asking you to visit another website, please inform the site team via the report icon, especially if this results in a request for a fee. Remember, this is for your own protection

my views are my own and are given in good faith to try and help people. Please seek professional advice on your case if necessary

 

PLEASE HELP US TO KEEP THIS SITE RUNNING

EVERY POUND DONATED WILL HELP US TO KEEP HELPING OTHERS

 

Link to post
Share on other sites
  • Recently Browsing   0 Caggers

    No registered users viewing this page.


  • Have we helped you ...?


×
×
  • Create New...