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Moon phases


HSBC - threat of legal action

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HSBC - threat of legal action Empty HSBC - threat of legal action

Post by Stevro Sat Sep 02, 2017 7:22 pm

Hi all,

In January this year, I followed the 3 letter process with HSBC. The alleged debt is just over £5k. Their Litigation Department wrote this week and are threatening legal action.

Why hasn't the 3 letter process worked?

Thnaks

Stevro

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Post by Tiggy Sat Sep 02, 2017 7:27 pm

Because HSBC are now using their in house Solicitors to chase debts, they don't appear to be selling them on, so they're very likely to have all the proof they need to get an order against you.

What's the original debt for ? Have they sent you a copy of your original agreement ?

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Post by Stevro Sat Sep 02, 2017 7:32 pm

Thanks for the quick response Tiggy. It was a credit card. They sent a copy of the original agreement.

Stevro
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Post by bigend Sat Sep 02, 2017 8:00 pm

should the agreement still be checked to see whether or not it was properly executed etc?

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Post by Tiggy Sat Sep 02, 2017 8:00 pm

Stevro wrote:Thanks for the quick response Tiggy. It was a credit card. They sent a copy of the original agreement.
That and a copy of the statement account is usually all they need, unfortunately. I'd recommend sitting tight and hope they decide to sell it on instead of commencing proceedings themselves.

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Post by Stevro Sat Sep 02, 2017 8:31 pm

Thanks. Should I respond to their letter?

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Post by Waffle Sat Sep 02, 2017 9:38 pm

Hey Stevro

The name of the game::

"try and find something they haven't done that they are supposed to or find something they have done they are not supposed to"

It takes a bit of reading and is quite relative to individual circumstances ......

Read this there might be a gem in there for you to work with?
http://www.bbc.co.uk/news/business-19511542

Waffle
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Post by Tiggy Sat Sep 02, 2017 9:52 pm

bigend wrote:should the agreement still  be checked to see whether or not  it was properly executed etc?

Yes, you can go through it with a fine tooth comb to see whether it contains all the prescribed terms.

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Post by Waffle Sat Sep 02, 2017 9:57 pm

Also read this on fraudulent agreements....

http://www.thisismoney.co.uk/money/article-1241889/Evidence-grows-banks-lose-loan-contracts-they.html

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Post by Stevro Sat Sep 02, 2017 10:53 pm

Thanks for the info. Great reading!

Stevro
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