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HSBC self employed B2B loan - ceased trading but now being hassled.


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Hello All,

Got my debt sorted with help from CAG then the covid happened crushing our business.

Couldn’t pay back the B2B only on reduced payments & holidays which I’ve now exhausted.

The hassle is now relentless but I have no spare money. 


any advice anyone please 

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who is the loan with please

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... 

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  • dx100uk changed the title to HSBC self employed B2B loan - ceased trading but now now hassled.

have you officially notified HMRC your business has ceased trading and was this as a sole trader or a Ltd Company and did you sign a personal guarantee with HSBC?

 

thread titled updated and moved too HSBC forum

#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... 

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  • dx100uk changed the title to HSBC self employed B2B loan - ceased trading but now being hassled.

Hi Dx

yes hmrc have been informed we have ceased trading in November 2021. It was a self employed partnership (the other partner is my spouse) 

I never signed an actual personal guarantee only the application as did my wife 

Thanks 

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and is this hsbc chasing?

have you had a letter of claim?

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... 

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Share on other sites

Yes HSBC at this time,

I wanted to preempt any action as no way I can afford to pay the full amount

they have put the missed payments into an unauthorised overdraft @ 19.5% interest.

I get my last pay on the 23rd of December then I will have to sign on benefits until I find alternative work.

Not sure on the letter as they have the old business address at present. 

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well make sure you write telling them of your correct correspondence address , they wont do anything nor sell it on i doubt.

so they are pulling their old stunt of a managed loan (search here for HSBC Managed loan).

they got carpetted for that several years ago.

make sure there is zero income going into the od account.

open a parachute account pronto is there is.

starve them of income, the od can go sing dixy now.

is your home jointly owned? mortgaged? just looking to their options should they go nuclear.

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... 

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banks very very very rarely goto court, too much bad publicity.

i expect they'll sell this debt on to a powerless dca/debt buyer for peanuts.

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... 

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