First direct managed loan debt

[saintorsinner]

Hi All

 

If FD merge my overdraft , credit card and loan I into 1 debt .

 

Does this make the debt unenforceable ?

 

Many thanks

[fkofilee]

They would need each agreement to uphold this in court as it would have to be broken down.

[dx100uk]

type in managed loan in our search CAG box of the top red toolbar

 

You already have an extensive thread here about HSBC/First Direct merged debts

[saintorsinner]

Hi there 

 

I had a First direct account I Defaulted on 2002.  around 3k.  I kept payments up on account till October 2013 when the declined the payments from my current account.

 

To this very day I never had. single letter from any DCA or been chased for payment , unlike the others 

 

I want to go back to first direct its been 17 years , However Do FD hold a black list of ex customers ?  My  credit score is excellent , high income and low debt ratio and low utilisation of credit.

 

I have checked on their overdraft checker and it said extremely unlikely to offer an overdraft

I checked on their overdraft checker for HSBC  and I said extremely Likely to over and overdraft

 

I currently bank with M&S bank  part of the HSBC group

 

Any ideas whats going on 

[dx100uk]

in your historic debt/accounts..did you have accounts with HSBC and have accounts with first direct or only with one of the two ans which one?

 

dx

 

[saintorsinner]

Both mate 

HSBC’s I had 2 - one successfully defended in 2013 against a ccj - the other I pay £15 a month but I don’t miss that 

 

first direct  was also at the same time 

and never to this day have I had Any collection or enforcement action

I stopped paying in December 2013 due to the payments being returned 

 

 

[dx100uk]

so looks like you suffered the dreaded managed loan debacle on both banks' debts.

 

I would suggest first direct refused you because of the outstanding balance , as effectively the statute barring doesn't remove a debt esp if it's still owbed by the original creditor.

 

HSBC accepted you because the old debt was dealt with via litigation so effectively on their books it was dealt with.

 

 

[saintorsinner]

Thanks Mate , at least the soft search did impact my credit rating , 

 

I will give them a wide birth for another 17 years LOL