sold dept?

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freelili

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Post by freelili » Sat Mar 03, 2007 10:31 am
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Hello

I have had a letter from payment services bureau (HSBC credit card)stating that following internal re-organisation the day to day management of my account would be handled by them. They have accepted the DMP proposal, does this mean they are a sub division of HSBC or has the debt been sold to them. If it is the latter then would the 40p in the pound min devidend adopted by HSBC no longer be 'set in stone'?

Thanks in advance

LILY
LILY

http://freelili.blogs.iva.co.uk

I asked God for an answer, I have to live with his reply.
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MelanieGiles

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Post by MelanieGiles » Sat Mar 03, 2007 10:47 am
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Lily

I suspect that this is just the collections arm of HSBC, but it would do no harm to ring them and ask. If the debt has been sold, ask them whether they have a minimum dividend criteria in IVAs.

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

For further details contact me at http://www.melaniegiles.com and view my IVA blog at: http://melaniegiles.blogs.iva.co.uk
Regards, Melanie Giles, Insolvency Practitioner
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freelili

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Post by freelili » Sat Mar 03, 2007 11:05 am
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Melanie

Thank you, I never thought of that, mind you speaking to HSBC comes from the do not enter part of my brain. I will though.

Thanks again

LILY
LILY

http://freelili.blogs.iva.co.uk

I asked God for an answer, I have to live with his reply.
Exsisto an angelus quod planto quispiam sentio melior.
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