Hsbc buy back debt to investigate PPI reclaim

[dx100uk]

so are you still paying anyone for this 'debt' too

 

dx

[StMartinsTerr]

They will offset any PPI against the debt - recently been through the same process. Me thinks they see this as a new way to limit actual pay-outs, but still settle claims. Expect more, as they (banks in general) are campaigning for an end to PPI reclaims.

[dx100uk]

they can ONLY offset ON NOTIFIED ARREARS

 

dx

[Blobbypet]

so are you still paying anyone for this 'debt' too

 

dx

 

I am and always was paying HSBC monthly 5 a month and just dropped it to £1, after filling in a ppi claim on there website they now worrying me that they want all monies back immediatly. I think I shouldn't have filled the ppi form now

[StMartinsTerr]

The way I understand things, if you couldn't repay before makling a claim, and still can't now, then them having a strop isn't going to do any good.

 

So I wouldn't have said that the claim was a bad thing. What it has done is meant they are trying to prevent paying you out on a successful PPI claim.

 

If your claim comes in at £2,000 say, and you previously owed them £8,000, then the £2,000 will be deducted from what you owe and you'll only have £6,000 debt remaining.

 

Naturally, with the debt having been sold to as DCA you were no doubt hoping for the cash to come back to you. Whether what they have done to prevent that happening is moral, ethical or legal I leave to others, but I don't think they will suddenly require the whole repaid. What you might need to do is remind them of your situation and go through some hoops again. If they realise it will be £1 a month still, no doubt they'll pass it on once the PPI claim has been processed.

 

In cash terms you've paid £10 for a SAR etc, but got nothing back. However, taking my example, your debt has come down by £2,000, so not at all a bad return on a £10 investment. Obviously, it would have been much nicer for you to have had the £2,000 yourself, and decide what to do with it.

[Blobbypet]

The way I understand things, if you couldn't repay before makling a claim, and still can't now, then them having a strop isn't going to do any good.

 

So I wouldn't have said that the claim was a bad thing. What it has done is meant they are trying to prevent paying you out on a successful PPI claim.

 

If your claim comes in at £2,000 say, and you previously owed them £8,000, then the £2,000 will be deducted from what you owe and you'll only have £6,000 debt remaining.

 

Naturally, with the debt having been sold to as DCA you were no doubt hoping for the cash to come back to you. Whether what they have done to prevent that happening is moral, ethical or legal I leave to others, but I don't think they will suddenly require the whole repaid. What you might need to do is remind them of your situation and go through some hoops again. If they realise it will be £1 a month still, no doubt they'll pass it on once the PPI claim has been processed.

 

In cash terms you've paid £10 for a SAR etc, but got nothing back. However, taking my example, your debt has come down by £2,000, so not at all a bad return on a £10 investment. Obviously, it would have been much nicer for you to have had the £2,000 yourself, and decide what to do with it.

 

I never paid £10 for anything, I keep getting calls as so many ppl do about ppi claims companies all saying that even if you claim you can still get thousands back so I thought I will do the claim myself,looked online and filled in HSBC questioner and bingo.

Now I get that letter from Gary Jones HSBC Bank unsigned by the way with note on bottom INTERNAL

Bob

[dx100uk]

so what was the org debt size

 

and have you totalled your payments to date

 

have you been getting regular payments?

 

if no-one has produced a CCA

 

then its truely dead in the water for them.

 

 

something smells here

 

dx

[Blobbypet]

so what was the org debt size

 

and have you totalled your payments to date

 

have you been getting regular payments?

 

if no-one has produced a CCA

 

then its truely dead in the water for them.

 

 

something smells here

 

dx

Hi DX

The debt was about £10800

Hillesden DLC send statements each year.

I paid every month £5 but reduced it to £ this month with dispute on reference on transaction

They never sent me a CCA

 

Bob

[Blobbypet]

Blobbypet.

 

How are you doing with this ?

 

Regards.

 

Scott.

Hi Scott,

Are you still dealing with Hillesden??

Remember me from 2009

 

Bob