HSBC advice please.

daveiron wrote:In the meantime i would suggest you open an account with another bank
before you default. Otherwise when you default HSBC will grab any payments
going into your account.
Also dont worry about asking questions, its clear you are prepared to research,
thats exactly what we like to see. ( some just want to copy / paste templates).

Excellent advice DI, I did that very same thing many years ago

Well done Trish, smart thinking / initiative

Thank you Mrblue

May I ask a question please…?

I am currently researching Maxims. What I have uncovered is that: “ maxims are general propositions flowing from abstracted reason, and not accommodated to times or men.”

If that is the case, how do they apply to Customs of merchants, which presumably a bank loan would be a part of? Would a maxim in this case be considered by a judge?

From my comprehention maxims are what the law is based upon,and are
derived from case law.

Trishiapp28 wrote:May I ask a question please…?

I am currently researching Maxims. What I have uncovered is that: “ maxims are general propositions flowing from abstracted reason, and not accommodated to times or men.”

If that is the case, how do they apply to Customs of merchants, which presumably a bank loan would be a part of? Would a maxim in this case be considered by a judge?

Please can I suggest that you re-produce the above post within the Maxims section? Thank you

Of course. Thank you.

Good morning Trishiapp28.

Just to let you know that although I have received support from one of my friends on here, I still await the support of another. So please bare with us

That’s lovely, thank you so much for letting me know. I will continue to await your full opinion. While I am doing that, I have gathered a lot of information and spent many hours on here looking through the content and cases that other people went through. Each time something is mentioned that I do not understand re: law, I go and clarify it and make notes for future reference. If anything, i am learning so much, which is invaluable to me.

Have a great day Mrblue, and everyone else on here.

Well done you! You’re an ideal candidate to take on the banks and debt companies, as knowledge is power…

You too, thank you

Much like everyone else on this site, I am happy to repay any alleged debts, as long as I have the proof that, indeed, I owe the money in the first place. Not digital numbers created out of thin air masquerading as ‘money’.

Maxims of law are the foundations on which the law is based, they also guide any judge as no judge will go against a maxim of law and the highest of them all are the 10 maxims of Commercial Law.

Use maxims correctly and appropriately as Judges hate pages of inappropriate maxims.

Apologies for the delay Trishia, we are still mulling over the options. Just wanted you to know that we hadn't forgotten!

Thank you for the reassurance Mrblue. I understand that everyone has busy life. Have a wonderful weekend.

As I am clarifying/ preparing everything on a written step-by-step action plan, I was wondering whether, once I’m contacted, should send the Subject Access Request first to ascertain what kind of information they have about me? I guess my thinking is that, unless I know what I am up against, I won’t know what to request. I do hope this makes sense?

Thank you in advance.

A SAR is always a good idea. If / when you send it just request ALL data
they hold on you. Its as simple as that.

That is great, thank you very much.

Good morning Trishia,

Advice to follow later this morning, but in the meantime, we would recommend you send a Subject Access Request (SAR) over to HSBC ASAP. This will determine what paper work they have in relation to the loan. Which may come in handy much further down the line.

Simple ask for “all and every document you have on me that contains any of my personal data.”

Good morning Mrblue.

I will get onto it later today and post it tomorrow. I suspect once they receive it, they will suspend the account, but that’s fine as the new one is all set up and everything manually transferred over. Thank you very much.

A SAR does not suspend an account. Anyone can send a SAR to any organisation from HSBC to McDonald’s. You’re simply asking for a copy of your personal data and there is no limit to how many times you can ask for this.

Ah, ok.

OK... If / when you decide to stop your loan repayments, then here follows the instructions and template that you will need to follow / use:

Welcome to our NEW Get Out Of Debt Free ('GOODF') Approach.

We are happy to help you, but you MUST read the following guidance before someone will help you.

Please be aware that those on this site who offer their help (and in their own time) do so of their own free will and through their desire to help people with their problems. Their advice is provided freely by them. We do not provide legal advice.

Please provide ALL of the information you possess in order to help us to help you. Sadly time and again, posters only provide partial information and, in many cases, for those trying to help it is akin to 'puling teeth' just trying to obtain all of the information that is needed.

By not providing all of the information you have, you may not receive the right help for your circumstances

PERSONAL INFORMATION:
Never provide your personal information. i.e. your name, address, bank details or even reference numbers that you receive in your letters. All of this type of data can uniquely identify you and therefore risk your anonymity. Trolls (debt collection companies, solicitors etc) are known to roam these forums and hence why your anonymity is important...

If you are to have any chance of someone from here helping you, you must ensure you FULLY understand the NEW GOODF Approach including understanding why we ask what we (and perfectly legitimately and lawfully) ask for via the template letters, the various terms and acronyms etc.

The NEW GOODF Approach will not work if you simply copy and paste the template letters. You need to tweak the letters to 'personalise' them (personalisation is key!) otherwise debt companies see through you as someone who has simply downloaded the templates and someone who does not fully comprehend what they are doing, which will in turn result in you receiving more letters than you should...

Setting a fair expectation for you:
To set your expectation fairly, you need to know that you could be executing the GOODF Approach for the long haul i.e. it may take a lot longer than a few months and potentially many years if a Debt Purchaser decides to sell on the account (alleged debt) they purchased to another Debt Purchaser, and so on. It is not for the feint hearted BUT the process absolutely does work. YOU MUST ALWAYS DEAL WITH THE MATTER IN WRITING. Never via calls, emails or SMS / chat services. And you must also be very organised and keep all letters (sent and received and in chronological order) including proof of posting. And also regarding posting, never send to a PO BOX address.*Check out this excellent link for further advice in this area: https://goodf.forumotion.com/t5236-starting-the-process

NEVER ACKNOWLEDGE THAT A DEBT EXISTS:
As long as you NEVER acknowledge that an alleged debt exists (all debts are in fact alleged debts until they are lawfully evidenced as no longer being alleged) and so long as you NEVER pay so much as a penny towards any alleged debt, then the longest it will take for the alleged debt to become no longer legally enforceable is six years (for England and Wales) or five years (for Scotland) from the default notice expiry date to ‘Statute Barred’.

WARNING:
The banks and debt purchasing companies can be very sneaky. As an example, a relatively new tactic is for people to receive a letter out of the blue from their bank offering a cheque to "compensate you for the mishandling of your loan / credit card" or words to that effect. If you were to cash this cheque you would in fact be admitting that the account (and therefore the alleged debt) exists! And if you therefore look at the bigger picture, this would means that even AFTER a bank has sold on an alleged debt, they are still 'in bed' with the Debt Purchasers... And this would also reset your ‘Statute Barred’ clock...

Templates and additional links:

Debt related FAQs:
It is important to understand the acronyms we use, the debt purchaser 'powers' and so on.
https://goodf.forumotion.com/faq

Template: Notice of Conditional Acceptance for Original Creditors (e.g. banks) and Debt Purchasers (NOT Debt Collection Agents):
Make sure you understand WHY we ask the questions we ask in our Notice of Conditional Acceptance (NoCA). We strongly recommend that you check out the following video in order to further understand the NoCA:
https://goodf.forumotion.com/t5002-for-those-considering-conditional-acceptance

Send each letter (you will send three in total) ten days apart and keep proof of posting. Ignore whatever they come back with as they will never have all of the financial instruments we demand.
Template link: https://goodf.forumotion.com/t4987-notice-of-conditional-acceptance-for-debt-purchasers-only

Good luck and keep us posted on how you get on!

Fantastic, thank you so very much MrBlue. I will keep in touch on my progress.

In the meantime, I am on the Observation Deck educating myself as well as reading ‘Debunking the Debt Bomb.’ Tomorrow I will send the SAR.

It literally feels live I’ve been asleep all this time & just woke up to reality of what is going on.

Have a wonderful day.

You're most welcome Trishia, you're most definitely one of the most enthusiastic visitors we've had for a while.

You have a great day too.

Good morning lovely people,

I’ve searched for SAR letter online & received so many examples, I’m not sure which one to use. Is there specific one on here ( looked for it, but couldn’t find it) or can I use any of the aforementioned ones?

I’m just checking as I don’t wish to make any mistakes right out of the gate.

Thank you very much in advance.