HSBC settlement offer
Date: Thu, 01/22/2009 - 08:22
Unless you receive a settlement of at least 40-50%, let it go to
Unless you receive a settlement of at least 40-50%, let it go to collections - you'll get a better offer.
HSBC
I agree with JB however you may want to try negotiating to the 40-50% mark before it goes to collection. Tell them that your mother-in-law has agreed to loan you (whatever 40% of the balance is). Tell them that you could get have the money in by tomorrow and see if they'll bite. Being a professional in debt negotiation I can say that this is the most time and cost effective strategy. Good luck!
settlement
I want to settle my account but HSBC exucutive say that our bank close the settlement policy so u pay total money wht can i do for my best pl. suggest.
Well I called and the guy said he did not have the authority to
Well I called and the guy said he did not have the authority to reduce it any lower than 30% so I told him I declined the offer. They sent me another letter with the same words except with a new date. the other one had expired. I am wondering if I don't answer if they will go lower. I want 50 at the most but am working on 40% of the balance owed.
Quote:Originally Posted by AnonymousWell I called and the guy sa
Quote:
Originally Posted by Anonymous Well I called and the guy said he did not have the authority to reduce it any lower than 30% so I told him I declined the offer. They sent me another letter with the same words except with a new date. the other one had expired. I am wondering if I don't answer if they will go lower. I want 50 at the most but am working on 40% of the balance owed. |
I am wondering the same thing. I got the same letter but I am 95 days late. I am wanting 50 and I did decline there 30% the first time and was told the same thing they did not have the autority to lower it. Let me know what happens to you and I will do the same
At 95 days late, you are approaching fertile settlement time. B
At 95 days late, you are approaching fertile settlement time. But you are still early. Wait until 120-150 day cycle and it may get better for you.
How are you all getting settlement letter first without any paym
How are you all getting settlement letter first without any payment ? Discover , B of a, and amex decline settlement letter prior to first payment
All of them faxed me the settlement letter at the time of paymen
All of them faxed me the settlement letter at the time of payment or before, if I asked.
Where do i call to ask for a consolidation payout figure? HSBC o
Where do i call to ask for a consolidation payout figure? HSBC or the collection place?
Quote:Originally Posted by AnonymousI am wondering the same thin
Quote:
Originally Posted by Anonymous I am wondering the same thing. I got the same letter but I am 95 days late. I am wanting 50 and I did decline there 30% the first time and was told the same thing they did not have the autority to lower it. Let me know what happens to you and I will do the same |
30% is a good offer. I settled at 50% last year and I was relieved to get it out of the way. Balance was about 3600 and they spread it out over 5 months. Very easy for me. No lump sum to get together.
Quote:Originally Posted by AnonymousWell I called and the guy sa
Quote:
Originally Posted by Anonymous Well I called and the guy said he did not have the authority to reduce it any lower than 30% so I told him I declined the offer. They sent me another letter with the same words except with a new date. the other one had expired. I am wondering if I don't answer if they will go lower. I want 50 at the most but am working on 40% of the balance owed. |
Hi there again, To the one waiting on HSBC I got a letter today to settle for 42% of the balance. I am going to take it but I have to do it in 3 payments. I wanted 40%
but that is only 2% more than I wanted to pay. I have until the end of June and I will be calling them then. To who wanted to know how I got my letter for settlement. They just sent it to me. I have several HSBC accounts and this is the only one who
has contacted me. I had applied credit offer me 30% of the balance but I am not
calling them until they offer 60% off.
Has anyone gotten any offers for less than 42% of the balance ow
Has anyone gotten any offers for less than 42% of the balance owed. I have 3 accounts with HSBC and all 4 have sent offers. First 60% then 50% now 42%.
Hi Anonn...how many days late are you when you received 42% offe
Hi Anonn...how many days late are you when you received 42% offer? Thank you.
Last month I received a offer 40% of the balance of $15,400 from
Last month I received a offer 40% of the balance of $15,400 from HSBC before charge off.
Cap One will only offer after charge off 75% of balance cash or 70% with half down and $50 or more pmts for as long as it takes INTEREST FREE.
Does anyone knows if a settlement with HSBC could be done within
Does anyone knows if a settlement with HSBC could be done within 6 months?
I just settled with HSBC for 33% at day 165. When I called they
I just settled with HSBC for 33% at day 165. When I called they said 45% was the lowest they could go and there was no way to reduce it any more. I let the rep. speak her full line and when she was finished I offered 33% in a lump and said the money would goout as soon as they could get me a settlement letter. She jumped on it without getting any approval so when they say this is the lowest they can go do not beleive them.