Jump to content


HSBC Managed loan


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

Thread Locked

because no one has posted on it for the last 6255 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,

I've just received my cheque from HSBC for overdue account charges going back 6 years.

I am now looking into the 3 managed loans I had to take out with HSBC due to going overdrawn every month due to the account charges.

 

My question is... What can I claim back and how do I go about it? I'm confused as I'm not sure what I can claim back if anything :confused:

 

Thanks in advanced :D

Link to post
Share on other sites

this is a thread i haven't read through yet - but will be checking out soon

Loans to pay off overdrafts & cards ??? (multipage.gif1 2)

if you go on the blue line at the top and go on search and put managed loans in - you will get loads of peeps talking about them, but haven't seen too much action yet. i asked bong about it - check out her thread - i think it was around post number 100 or so - see what she says about it and she put a link - called husband something - and that is the only one i know of so far who actually got back money from a managed loan.

good luck.

Link to post
Share on other sites

Hi Lattie,

I've been reading all the managed loans threads until my eyes can take now more but like you say I can't find anyone that has won money back for just a managed loan :confused: I will look into Bong's thread though.

 

Can I claim back on the managed loan account even though i have claimed back the charges on my normal account with hsbc? I think I can as they are a different account number but not sure.

Also, IF I can claim back what exactly am I claiming for? The interest? Really confused after reading millions of threads :p

Link to post
Share on other sites

Hi Lattie,

I've been reading all the managed loans threads until my eyes can take now more but like you say I can't find anyone that has won money back for just a managed loan :confused: I will look into Bong's thread though.

 

Can I claim back on the managed loan account even though i have claimed back the charges on my normal account with hsbc? I think I can as they are a different account number but not sure.

Also, IF I can claim back what exactly am I claiming for? The interest? Really confused after reading millions of threads :p

 

Hi there :)

 

You can claim the interest back on the managed loan if the reason you took out the managed loan was because of the unlawful charges. We did this with my husbands HSBC claim and they repaid the interest on his loan without any questions.

 

I will see if I can find my original thread :)

REFUNDED

Hubbys - HSBC £4,165 paid 18/8 after MCOL issued :)

HSBC - £651 paid 18/8 after MCOL issued :)

HSBC - £147 Prel 7/8, LBA 21/8, MCOL 6/9 £241

Hubby Halifax - Prel 29/7 £215, LBA 21/8, Offer rec. £110 22/8, MCOL 6/9 £298

Abbey - £2758 - Prel 26/6, LBA 10/7 - MCOL 26/7 £3,391, offer 25/8 £1,755.94, paid £3567.32 after Case manag hearing

Barclays - £675 Prel7/8, LBA 21/8, offer received £300 MCOL 6/9 £998 - Paid £1,012 before going to Court

Link to post
Share on other sites

Here is the original thread... and here is the adjusted LBA

 

http://www.consumeractiongroup.co.uk/forum/hsbc-bank/16862-husband-hsbc-paid.html

 

 

Original claim was for £2373 bank charges, £771.97 loan interest, £900.18 8% court interest, court fees £120, grand total of £4165.15 :) fully paid

 

 

__________________________________

Dear Mr Langdale,

 

 

Thank you for your letter dated 13th July 2006.

 

I am very disappointed that you have seen fit to make me an ‘offer’ of payment less than the charges you have unlawfully levied on my account and as detailed in my letters of 27th June 2006 and 11th July 2006. Where somebody collects money from me in an unlawful fashion I take the matter very seriously and by you making me an ‘offer’ I feel that you are not treating this matter with the same level as seriousness as myself.

 

I would like to make it abundantly clear that I do not accept this offer as full and final settlement of the charges unlawfully levied on my account since June 2000. However if you wish to make this partial payment of £1980 then you can do so by crediting the above account or sending me a cheque.

 

Whilst reviewing my accounts it would appear that not only have you collected bank charges from my account in an unlawful fashion but you are still continuing to charge me interest on your unlawful charges.

 

In February 2003 you recommended that I consolidate the overdrawn amount on my bank account and the outstanding balance of my HSBC credit card into a managed loan. This idea had already been suggested to me a few months earlier but at that time I rejected the idea due to the adverse effect this would have on my credit record. However in February 2003 after speaking to your staff and due to the increasing number of bank charges levied on my account I felt I had no other option but to use a managed loan.

 

Since February 2003 you have charged me £771.97 interest on this managed loan, which is in essence interest on your unlawful bank charges which between June 2000 and February 2003 (only 2.5years) totalled £1,892. I am therefore looking for repayment of this interest you have charged me on your unlawful bank charges.

 

I require payment in full of £3,099.97 (£2328 unlawful bank charges plus £771.97 interest on these charges to date) within ten days of the date of this letter. On receipt of this payment in full then I will consider this matter closed and will not pursue any further action.

 

However if I have not received payment from you in full within ten days of the date of this letter then I will continue to pursue my claim plus costs through any legal means at my disposal.

 

I am enclosing the original schedule of charges on my account already supplied to you, I have now updated this to include the interest charged to me through the managed loan to date.

REFUNDED

Hubbys - HSBC £4,165 paid 18/8 after MCOL issued :)

HSBC - £651 paid 18/8 after MCOL issued :)

HSBC - £147 Prel 7/8, LBA 21/8, MCOL 6/9 £241

Hubby Halifax - Prel 29/7 £215, LBA 21/8, Offer rec. £110 22/8, MCOL 6/9 £298

Abbey - £2758 - Prel 26/6, LBA 10/7 - MCOL 26/7 £3,391, offer 25/8 £1,755.94, paid £3567.32 after Case manag hearing

Barclays - £675 Prel7/8, LBA 21/8, offer received £300 MCOL 6/9 £998 - Paid £1,012 before going to Court

Link to post
Share on other sites

Christ when I read again what these banks get up to with their 'managed' loans it really does make my blood boil!!!

REFUNDED

Hubbys - HSBC £4,165 paid 18/8 after MCOL issued :)

HSBC - £651 paid 18/8 after MCOL issued :)

HSBC - £147 Prel 7/8, LBA 21/8, MCOL 6/9 £241

Hubby Halifax - Prel 29/7 £215, LBA 21/8, Offer rec. £110 22/8, MCOL 6/9 £298

Abbey - £2758 - Prel 26/6, LBA 10/7 - MCOL 26/7 £3,391, offer 25/8 £1,755.94, paid £3567.32 after Case manag hearing

Barclays - £675 Prel7/8, LBA 21/8, offer received £300 MCOL 6/9 £998 - Paid £1,012 before going to Court

Link to post
Share on other sites

That is ridiculous!!!

REFUNDED

Hubbys - HSBC £4,165 paid 18/8 after MCOL issued :)

HSBC - £651 paid 18/8 after MCOL issued :)

HSBC - £147 Prel 7/8, LBA 21/8, MCOL 6/9 £241

Hubby Halifax - Prel 29/7 £215, LBA 21/8, Offer rec. £110 22/8, MCOL 6/9 £298

Abbey - £2758 - Prel 26/6, LBA 10/7 - MCOL 26/7 £3,391, offer 25/8 £1,755.94, paid £3567.32 after Case manag hearing

Barclays - £675 Prel7/8, LBA 21/8, offer received £300 MCOL 6/9 £998 - Paid £1,012 before going to Court

Link to post
Share on other sites

hahaha good on you!!!!! it is about time the banks realise their duty to all of their customers

REFUNDED

Hubbys - HSBC £4,165 paid 18/8 after MCOL issued :)

HSBC - £651 paid 18/8 after MCOL issued :)

HSBC - £147 Prel 7/8, LBA 21/8, MCOL 6/9 £241

Hubby Halifax - Prel 29/7 £215, LBA 21/8, Offer rec. £110 22/8, MCOL 6/9 £298

Abbey - £2758 - Prel 26/6, LBA 10/7 - MCOL 26/7 £3,391, offer 25/8 £1,755.94, paid £3567.32 after Case manag hearing

Barclays - £675 Prel7/8, LBA 21/8, offer received £300 MCOL 6/9 £998 - Paid £1,012 before going to Court

Link to post
Share on other sites

  • Recently Browsing   0 Caggers

    • No registered users viewing this page.

  • Have we helped you ...?


×
×
  • Create New...