Jump to content

LDG Financial/HSBC/How to pay debt?


Recommended Posts

I am wondering if anyone has any ideas/recommendation on a situation I am in.

I had a loan with HSBC, orginally this was an installment loan then turned into a credit card loan, once that happened the interest rate went sky high and then they raised the minimum monthly payment in Feb of this year.

I could not pay the the higher payment, (almost 200.00 more a month.)

Last payment I made was Jan. I could not afford the Feb. Payment.

I was fine with the monthly payments until it was raised.

I called HSBC at that time and asked if there was anything I could do, they told me not until I was past due. Then I called back after a few months and they referred me to Debt. Management (NFCC)

Now HSBC sent this to a collection agency but I still have a current statement from HSBC but when I call HSBC it says it is being handled by the other agancy and tells me to call them.

I call them and they want to settle, they will let 20% of the debt go.

Or I can pay 3 monthly payments for the full amount.

I cannot afford to do either of these options.

The collector says they will have no problem if they take legal action to obtain the money which is almost 14,000.

I want to pay this debt but I have no idea what to do, I tried to get a loan and cannot becasue of this on my CR.

I am suppose to call the collector back on Friday and have no idea what to say to him.

Anyone have any ideas?

Link to comment
Share on other sites

This topic is now closed to further replies.

  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.. For more information, please see our Privacy Policy and Terms of Use.