Jump to content


14yo debt do i still need to pay? - HSBC loan


Toonlad1978
style="text-align: center;">  

Thread Locked

because no one has posted on it for the last 3533 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 all,

 

Background..

I took out a loan approx 14 years ago from the bank i was with at the time (HSBC) and

 

payed all the payments until i lost my job a couple of years later.

 

I thought the PPI would cover my payments but it didnt so i defaulted on the loan.

 

This resulted in the bank also closing my account and eventually selling my debt onto Metropolitan Collection Services.

 

I was unable to open another bank account at the time due to bad credit etc..

. but at the time didnt matter as i had wages etc..

paid into my parents bank account.

 

Metropolitan chased me for a while and i eventually started paying a little each month via a payment card and have been to this day!

 

I eventually grew up,

opened a new bank account in 2009 after trying a number of banks,

 

Natwest finally accepted me.

 

I now have a family, credit card, bills etc..

and have run a free credit check through Noddle

and the old loan debt from 14ish years ago does NOT show on there!

 

Question is, do i have to still pay the amount each month via payment card

or can i get rid of the outstanding balance with this not showing on my credit check?

 

Thanks in advance, all info appreciated

Link to post
Share on other sites

When did you make your last payment against this account?

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

 

WE DON'T GIVE ADVICE BY PM BUT IF YOU SEND ANY SITETEAM A LINK TO YOUR THREAD WE  WILL BE HAPPY TO OFFER HELP

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

Ok thanks.

 

Metropolitan are part of HSBC.

 

Why did the PPI not cover you?

 

Could be worth a reclaim of the PPI. What paperwork have you got for this loan?

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

 

WE DON'T GIVE ADVICE BY PM BUT IF YOU SEND ANY SITETEAM A LINK TO YOUR THREAD WE  WILL BE HAPPY TO OFFER HELP

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

Sadly I don't think I do, I was 20 at the time living at the parents so don't think I still have it.

 

I was wondering if it doesn't show on the credit check even as a closed agreement is there anything I can do to just stop it? Apart from keep paying it off?

Link to post
Share on other sites

when did you take this loan out and for how much?

 

£70 per month for 14yrs = +£11k!!

 

ever sent them a cca request for the agreement

or

an sar to get all the statements?

 

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... 

Link to post
Share on other sites

might be an idea

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... 

Link to post
Share on other sites

  • Recently Browsing   0 Caggers

    • No registered users viewing this page.

  • Have we helped you ...?


×
×
  • Create New...