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Posted: Thu May 17, 2007 10:24 am
by maizie
I have my creditors meeting on Monday.. my creditors are HSBC (Loan, Visa and Overdraft) Capital One Visa and MBNA Visa. Getting panicky now... read some posts about HSBC being difficult at the moment. I need HSBC to agree as they are my main creditor. Does anyone know anymore information?
Life is far too stressful!!
Posted: Thu May 17, 2007 10:37 am
by iva experts
Hi Maizie,
Try and remain calm and dwell on the positives.
HSBC are difficult in the sense that where they hold a predominant amount of the overall debt, they require a larger dividend amount of 40p/£.
If you can reach this dividend and more (if possible), then this will be more appealing to HSBC.
Best Regards. IVA Experts
Posted: Thu May 17, 2007 10:51 am
by Oliver
I agree with the IVA Experts, HSBC canusually be appeased with a dividend of 40p in the £.
What is the breakdown of the debt (i.e. who is owed what)?
Best Regards
Oliver
Thomas Charles and Co Ltd.
Experts in personal debt solutions.
Read customer feedback at:
www.thomascharles.com/about_us.asp
Posted: Thu May 17, 2007 10:55 am
by maizie
Rough figures are:
HSBC Loan £27,000
HSBC Visa £5,000
HSBC Overdraft £750
Capital One Visa £850
Virgin Visa £2,500
Offering 40p/£1
Life is far too stressful!!
Posted: Thu May 17, 2007 11:19 am
by Oliver
In my experience this is a proposal that HSBC (majoirty creditor) will be happy to accept.
All the best.
Best Regards
Oliver
Thomas Charles and Co Ltd.
Experts in personal debt solutions.
Read customer feedback at:
www.thomascharles.com/about_us.asp