Arrow Financial collecting on HSBC account
Date: Wed, 04/11/2007 - 08:08
my HSBC account got turned over to them I
got behind but have been making payments
on this. I am sending a debt validation
letter. Does anybody have any helpful
advise on this and will they sue you.
I have not ready any favorable posts about Arrow Financial. You
I have not ready any favorable posts about Arrow Financial. You took the first step by sending the debt validation letter. They have been known to sue, so make sure you have proof of the payments you have been making, and try contacting HSBC directly to discuss this matter. See if they will accept a payment plan to get you caught up and possibly get the acct. back from Arrow.
How long have you been behind in your payments with HSBC? In mos
How long have you been behind in your payments with HSBC? In most cases, the creditors wait for at least 120 days before they hire an outside CA, but HSBC is very quick in sending to collections.
HSBC is a very tough company to deal with. Give them a call and explain that you want to pay them directly without dealing with the CA. Send your proposal in writing along with the money. They need to post the payment to your file.
Send the DV letter to Arrow Financial to make sure that they are authorized to collect from you. By the time they validate, try to work out with HSBC.
