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HSBC-impending Bailiffs,help!

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hello everyone,

 

I opened a student account with a £500 overdraft limit around a year ago and I spent it as I had no other money to live on in the summer before the start of my course,

as I was expecting my student loan to go into the account in september to pay it off.

 

Unfortunately there were problems all year with student finance and I have not received any loan all year,

so there has been no money going into the account.

 

I have just received a letter saying I have 8 days to pay it back or they will send me to court/send out of bailiffs,

 

I rang HSBC and explained that there will be money coming into the account next month to pay it off,

but they said they have to pass the debt on in 8 days.

 

 

What can I do?

can I pay a little back to them before the 8 days?

advice would be much appreciated, thankyou x

Edited by citizenB
formatting

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Can you please scan in and post this letter up for us to see ? If you follow the instructions below you should have no problems.

 

Dx100 – Instructions on uploading pdfs

scan the required letters/agreements/sheets

as a picture file

remove all pers info inc barcodes etc using paint

but leave all figures and dates.

goto one of the many free online pdf converter websites

convert the image to pdf format.

or ir you have PDF as an installed printer drive use that

open a new msg box here

hit go advanced below the msg box

hit manage attachments below that box

hit the add files button on the top right

hit select files, navigate to your file on your pc

hit upload files

NB:you can set where it goes in the post by hitting insert inline.

the hit reply button

 

If you are not able to do this, can you please answer the following questions.

 

Is this letter from HSBC themselves, or their in house agents, Metropolitan Collections.

Had you kept HSBC informed of your situation regarding the student loan ?

 

Is this the first contact that has been made regarding this.. ie have they sent previous letters, default notices ?

 


Have we helped you ...?         Please Donate button to the Consumer Action Group

 

Uploading documents to CAG ** Instructions **

 

Looking for a draft letter? Use the CAG Library

Dealing with Customer Service Departments? - read the CAG Guide first

 

1: Making a PPI claim ? - Q & A's and spreadsheets for single premium policy -

HERE

2: Take back control of your finances -

Debt Diaries

3: Feel Bullied by Creditors or Debt Collectors?

Read Here

4: Staying Calm About Debt

Read Here

5: Forum rules - These have been updated -

Please Read

 

 

BCOBS

 

2: Does your Bank play fair - You can force your Bank to play Fair with you

3: Banking Conduct of Business Regulations - The Hidden Rules

4: BCOBS and Unfair Treatment - Common Examples of Banks Behaving Badly

5: Fair Treatment for Credit Card Holders and Borrowers - COBS

 

 

 

Advice & opinions given by citizenb are personal, are not endorsed by Consumer Action Group or Bank Action Group, and are offered informally, without prejudice & without liability. Your decisions and actions are your own, and should you be in any doubt, you are advised to seek the opinion of a qualified professional.

 

PLEASE DO NOT ASK ME TO GIVE ADVICE BY PM - IF YOU PROVIDE A LINK TO YOUR THREAD THEN I WILL BE HAPPY TO OFFER ADVICE THERE:D

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BTW, they cannot simply send in bailiffs! They are obliged to comply with the regulations and at the very least issue a claim against you, receive a judgment in their favour and then you fail to repay the judgment order !

 

However, if you can post the letter up, we can advise further :)


Have we helped you ...?         Please Donate button to the Consumer Action Group

 

Uploading documents to CAG ** Instructions **

 

Looking for a draft letter? Use the CAG Library

Dealing with Customer Service Departments? - read the CAG Guide first

 

1: Making a PPI claim ? - Q & A's and spreadsheets for single premium policy -

HERE

2: Take back control of your finances -

Debt Diaries

3: Feel Bullied by Creditors or Debt Collectors?

Read Here

4: Staying Calm About Debt

Read Here

5: Forum rules - These have been updated -

Please Read

 

 

BCOBS

 

2: Does your Bank play fair - You can force your Bank to play Fair with you

3: Banking Conduct of Business Regulations - The Hidden Rules

4: BCOBS and Unfair Treatment - Common Examples of Banks Behaving Badly

5: Fair Treatment for Credit Card Holders and Borrowers - COBS

 

 

 

Advice & opinions given by citizenb are personal, are not endorsed by Consumer Action Group or Bank Action Group, and are offered informally, without prejudice & without liability. Your decisions and actions are your own, and should you be in any doubt, you are advised to seek the opinion of a qualified professional.

 

PLEASE DO NOT ASK ME TO GIVE ADVICE BY PM - IF YOU PROVIDE A LINK TO YOUR THREAD THEN I WILL BE HAPPY TO OFFER ADVICE THERE:D

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I havnt got a scanner i'm afraid. The letter is from HSBC. They had been sending me default notices, but i hadn't recieved them as they were going to my parents address not mine. This is a FINAL DEMAND letter. wah.

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okay i've typed the letter up.

 

"FINAL DEMAND

 

despite previous communication concerning your debt, we have no satisfactory response.

 

We now demand immediate repayment of £500.

 

interest will be added on the same basis as presently applies.

 

you have 18 days from the date of this letter to repay in full.

 

Action may be taken against you through debt collectors or solicitors if you fail to comply with this demand in 18 days of the date of this letter. You may also be taken to court.

As you have not made payments that are due to be paid, this information, including your name and address will be given to the credit reference agencies named below if we do not receive a satisfactory response from you. Credit reference agencies supply information to lenders in order to establish peoples credit history quickly and simply. Lenders then use this information to help decide whether or not to accept applications for credit from customers. If details of your default are given to credit reference agencies, this may make it more difficult for you to obtain credit elsewhere in the future. "

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note the word MAY be taken

 

chances are it will go to Metropolitan collection there in house debt collection

 

or DG solicitors in house fake solicitors i pay them £1 per week with no intrest


If i have helped in any way hit my star.

any advice given is based on experience and learnt from this site :-)

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If you have other debts as well, you will need to sort out an Income and Expenditure sheet for yourself.

 

Once you have worked out your priority spending.. rent/utilities/food etc, then you should make an offer of repayment to HSBC out of any disposable income.

 

 

I have attached a budge sheet for you below.

 

It seems a bit silly to be threatening you with all kinds of doom and gloom if you are student. !! So they should be reasonable and accept an instalment repayment plan. I suggest you also ask them to freeze interest and stop adding any charges!

 

 

Ellens Budget Sheet.xls


Have we helped you ...?         Please Donate button to the Consumer Action Group

 

Uploading documents to CAG ** Instructions **

 

Looking for a draft letter? Use the CAG Library

Dealing with Customer Service Departments? - read the CAG Guide first

 

1: Making a PPI claim ? - Q & A's and spreadsheets for single premium policy -

HERE

2: Take back control of your finances -

Debt Diaries

3: Feel Bullied by Creditors or Debt Collectors?

Read Here

4: Staying Calm About Debt

Read Here

5: Forum rules - These have been updated -

Please Read

 

 

BCOBS

 

2: Does your Bank play fair - You can force your Bank to play Fair with you

3: Banking Conduct of Business Regulations - The Hidden Rules

4: BCOBS and Unfair Treatment - Common Examples of Banks Behaving Badly

5: Fair Treatment for Credit Card Holders and Borrowers - COBS

 

 

 

Advice & opinions given by citizenb are personal, are not endorsed by Consumer Action Group or Bank Action Group, and are offered informally, without prejudice & without liability. Your decisions and actions are your own, and should you be in any doubt, you are advised to seek the opinion of a qualified professional.

 

PLEASE DO NOT ASK ME TO GIVE ADVICE BY PM - IF YOU PROVIDE A LINK TO YOUR THREAD THEN I WILL BE HAPPY TO OFFER ADVICE THERE:D

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hello everyone,

 

I opened a student account with a £500 overdraft limit around a year ago and I spent it as I had no other money to live on in the summer before the start of my course,

as I was expecting my student loan to go into the account in september to pay it off.

 

Unfortunately there were problems all year with student finance and I have not received any loan all year,

so there has been no money going into the account.

 

I have just received a letter saying I have 8 days to pay it back or they will send me to court/send out of bailiffs,

 

I rang HSBC and explained that there will be money coming into the account next month to pay it off,

but they said they have to pass the debt on in 8 days.

 

 

What can I do?

can I pay a little back to them before the 8 days?

advice would be much appreciated, thankyou x

 

 

std threat-o-gram

 

ctainly no bailiffs will come not before court anyhow!

 

i'd stay off that phone too.

 

why did you not get a loan sorted all year you were there?

 

 

dx


PLEASE DONT HIT QUOTE IF THE LAST POST IS THE ONE YOU ARE REPLYING TOO.

MAKES A THREAD TWICE AS LONG TO SCROLL THROUGH!

please do not post jpg images directly to a topic..USE PDF ....READ UPLOAD.

 

WE CAN'T GIVE ADVICE BY PM - IF YOU SEND ME A LINK TO YOUR THREAD - I WILL BE HAPPY TO OFFER HELP THERE

Single Premium PPI Q&A Read Here

Reclaim mis-sold PPI Read Here

Reclaim Bank Account, Loan & Credit Card Charges Read Here

The CAG Interest Tutorial Read Here

spreadsheets 

 

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oh god this seems like my case... lol

 

Be careful. They might send you a reduced settlement offer letter like they did with me.

 

At the very least keep all documentation DO NOT THROW AWAY anything in regards with this and I mean ABSOLUTE ANYTHING!!

 

If you read my thread you will know why!


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

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