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Received settlement offer from HSBC!!!

Date: Mon, 11/24/2008 - 18:34

Submitted by lmale
on Mon, 11/24/2008 - 18:34

Posts: 742 Credits: [Donate]

Total Replies: 10


WOW, so HSBC sent my husband a settlement offer today. His balance is 1287.05. They are offering to eliminate 58% =746.49!!

They will take it in one payment or 3 pmts of 180.19, only one BIG problem, they want the first payment by Dec 2!!! I think I can pull it off, my husband wants to ask them to wait to start payment in Jan, but I know they will not do that.

What do you think, sweet deal or not? Man I wish more of your cc companies would send settlement offers our way.

Reny


Imale,

Did I read in the BK threads that you are filing a Ch 13? If so, I'm assuming you were gonna include them? I'm just wondering if they are offering a settlement because they know you plan on filing BK and they probably figure they won't get much, if any money, from that, so maybe by offering a settlement, they figure they will get some money. I included them in my Ch 13 and they did not offer me a settlement, but of course, they filed a claim to be paid, but it won't be much. Only 2% is going to my unsecured creditors.


lrhall41

Submitted by m.lm1947 on Mon, 11/24/2008 - 20:17

( Posts: 153 | Credits: )


they are trying to make me pay $1010 on $2038 I wanted to pay $700 to settle they won't take it. Is this a good offer. My other creditors gave better deals. Does anyone knowabout it?


lrhall41

Submitted by on Fri, 05/29/2009 - 15:57

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Thank you I was trying to go for $700 and just pay it off but they want 2 payments of $510. They won't budge and have been calling everyday leaving forcefull messages. What can thye ultimately do to me. If I don't pay them by tomarrow will I go back to oweing the full amount or will they make another offer I wonder.


lrhall41

Submitted by on Fri, 05/29/2009 - 16:09

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My wife received a letter for 50% and they gave a deadline as CALL before that time. My wife called and paid half in full in 30 days as she stated on the phone. Unit Manager was Falana Pitts..
Is there anyone who was scammed the same way.They sold the debt to a collection company and I am asked for the money that I paid already..

Thanks


lrhall41

Submitted by on Tue, 08/25/2009 - 18:30

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I made a settlement offer to HSBC and paid it on the specified date . Before this payment I asked for a letter from them stating the account to be paid in full for less than the full balance and on my cashiers check to them I wrote cashing this check constitutes payment in full on this account....everything worked out I did owe them 13064.00 and paid 5416.00 I just wish that the other creditors were as nice, sorry your having a hard time with them


lrhall41

Submitted by on Mon, 09/14/2009 - 11:04

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