Help please!

[katel]

Please help,

 

i find myself with a letter from Metropolitan collection services Limited from HSBC for an overdraft after HSBC asked me to close my account,

 

im really getting myself in a panic about it...

 

i havent as yet answered their 4 times a day phone calls as ive been trying to push myself up to it.

 

im currently a mature student(in my final year), disabled with a child and a mortgage,

i have been unable to work in the last few years as i suffer from Lupus and my condition is unpredictable.

 

my income is very low as i receive no maintenance from my ex husband and we do regularly have to ask the question heating or food,

 

i would just like some sensible advice on how to deal with this?.

 

thanks

 

Kate

[i hate bailiffs]

HSBC have not passed it far

 

Maby to the next desk as they are in house debt collectors for hsbc

Dont answer there security questions and say in writing only then hang up

 

DG solicitors would be there next stage part of the HSBC group

If need be tell them you will pay them £1 per month until things improve financially

[dx100uk]

hi katel

 

how old is this debt?

 

when did they close the account

 

have you looked at your CRA file [see below]

 

a DCA is NOT A BAILIFF

 

they have NOSUCH LEGAL POWERS

 

do nOT ever discuss your debts with ANYONE

on the phone

let alone a spoofing DCA

 

dx

[katel]

its just been since august...2012

 

. my ex stopped paying maint so i found myself with nothing

 

i asked if they would just freeze it till september when my loan was coming in so i could live on my CHB and tax credits

but refused and said i would have to close the account, so i did and opened an account with another bank.

 

im to blame for ignoring it...

its been the elephant in the room for months, but now i need to tackle it,

i just dont know where to start, im up to date on everything else i owe but this could send me under ( a bit dramatic i know!)

[dx100uk]

got all the statements?

 

if they have levied any PENALTY charges

 

time for a BCOBS complaint

 

dx

[citizenB]

What is the value of this overdraft ?

 

HSBC do not appear to be treating you very fairly at all - especially as you have kept them informed of your finacial situation. Their own Lending Code suggests that they show a little consideration where someone is suffering financial hardship.

 

Do you know what amount of the overdraft is likely to be made up of charges ?

[noddy997]

Where you within the overdraft limit at all times?

 

Apparently they put in a disclosure in their T&C (as they told me) that the overdraft is payable on DEMAND!

 

It is a joke. Also check your Credit Report as if the account is closed, then it may well be on your credit file as a default. Yet, simultaneously they are trying to collect it from you... (like my position).

[BRIGADIER2JCS]

Nothing to stop them chasing the debt or selling/assigning it when it's defaulted.

[noddy997]

Nothing to stop them chasing the debt or selling/assigning it when it's defaulted.

 

Yes but it remains as "owed" on the person's credit file or is it removed if the debt is collected?

 

I thought it was a grey area as a default lasts for 6 years...

[BRIGADIER2JCS]

Defaults are removed after 6 years paid or not, even if the debt is settled during the 6 year period it remains until the 6 years ends.

[noddy997]

So its pointless paying it then!

 

Thats a loophole which needs filling!

 

Hmm can one refuse to pay for the reason "it wont remove my default" or is that not good enough?

[BRIGADIER2JCS]

Has to be a personal decision, you may end up with a CCJ starting the whole 6 years again.

 

It is very simple if a default is not remedied within the time scale in the default notice paying the debt at any time later does not remedy the default as laid out in the DN so it stays on file -- paid or not.

 

End of: