We have just been told that for hsbc to agree we have to get it to 40p/£1... as my managed loan is for £10.000(our debts in all are nearly £50k) when i contacted hsbc to advs about the situation they didnt want to listen and said i had to carry on paying and thats it, when payment for the month of m...

hi, we are in the process of setting up an iva... i have a managed loan with hsbc and have been told that for them to agree they will require 40p/£1 is this correct as this will mean we will be paying £410 a month back and will still make life very hard for us....