If you're skint should you mention it to DCAs?

by Stevro Tue Oct 17, 2017 4:15 pm

In my last post, you may know I'm unemployed and renting.

I've had a few people chasing me who have sent a document requesting financial incomings and outgoings. Most recently HSBC's internal litigation dept who are threatening court action.

Is it worth showing how skint I am in an effort to halt them from court action or it is a sign of weakness and better not to engage?

I've done the 3 letters.

Thanks

by petesomething Tue Oct 17, 2017 5:19 pm

Hi stevro

DCA ,s would not care if you are skint or if you have no food on your table for your family, they want your money full stop ,

I would never show any DCA weakness or they will never give up

stevro , i would not engage , but i am not you

by Tiggy Tue Oct 17, 2017 7:25 pm

This isn't a dca that's chasing you it's the Litigation Department of the Original Creditor. HSBC mostly don't sell on debts and usually have the paperwork needed to win in Court.

Along with currently being in severe financial difficulty, have you considered whether or not they, given your financial circumstances at the time, should have extended you the credit they did, or do you possibly have a case for irresponsible lending.

Also, if they have nothing to gain from you would it be worthwhile taking you to Court, they may or may not decide it's not worth their while, hard to predict.

by Stevro Tue Oct 17, 2017 9:20 pm

Good to know. Cheers!

petesomething wrote:Hi stevro

DCA ,s would not care if you are skint or if you have no food on your table for your family, they want your money full stop ,

I would never show any DCA weakness or they will never give up

stevro , i would not engage , but i am not you

by Stevro Tue Oct 17, 2017 9:25 pm

I'm not sure I'd have a case for irresponsible lending as my financial situation was strong at the time, but worth considering.

So, when you say if they have nothing to gain from you, do you mean I should return the money in/out form?

Thanks

Tiggy wrote:This isn't a dca that's chasing you it's the Litigation Department of the Original Creditor. HSBC mostly don't sell on debts and usually have the paperwork needed to win in Court.

Along with currently being in severe financial difficulty, have you considered whether or not they, given your financial circumstances at the time, should have extended you the credit they did, or do you possibly have a case for irresponsible lending.

Also, if they have nothing to gain from you would it be worthwhile taking you to Court, they may or may not decide it's not worth their while, hard to predict.

by petesomething Tue Oct 17, 2017 9:42 pm

HI stevo

You said that you have a few people chasing you, most recently is HSBC internal litigation
The DCA,s , i would not engage, only by the new 3 letters

with HSBC , i still would not engage

maybe you was in a good job when you got a loan from HSBC

Did they send you a default notice with the correct information on it,

Have they got the agreement or true copy

If it went to court and you lost , the court will look at your income and outgoings
but also read tiggy post and think

by Stevro Tue Oct 17, 2017 10:48 pm

All their paperwork seems in order. Unfortunately!

There may be a job on the horizon after Xmas, hence my interest in disclosing my poverty now :-)

petesomething wrote:HI stevo

You said that you have a few people chasing you, most recently is HSBC internal litigation
The DCA,s , i would not engage, only by the new 3 letters

with HSBC , i still would not engage

maybe you was in a good job when you got a loan from HSBC

Did they send you a default notice with the correct information on it,

Have they got the agreement or true copy

If it went to court and you lost , the court will look at your income and outgoings
but also read tiggy post and think

by Spike Tue Oct 17, 2017 11:01 pm

Are you guys saying that the 3 letters don't work on hsbc???

by petesomething Wed Oct 18, 2017 7:12 am

Hi spike

I am not saying that .

by **daveiron** Wed Oct 18, 2017 8:57 am

Hi spike,

The 3 letters are designed specifically for whoever is chasing you .

So if HSBC do not sell on the alleged debt, then you will not need the letters for debt purchasers.

by Stevro Wed Oct 18, 2017 7:15 pm

I think he means, why am I still being pursued by HSBC after I've sent the 3 letters.

daveiron wrote:Hi spike,

The 3 letters are designed specifically for whoever is chasing you .

So if HSBC do not sell on the alleged debt, then you will not need the letters for debt purchasers.

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