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Hi There
I am seeking for some urgent help with an old debt I original had with HSBC that has now ended up in court as I have received a Court Claim. I hope you can help me resolve and avoid a CCJ against my name.
I have followed the guidance on the first steps as indicated in the forum, i.e I have done the acknowledgement of Service on 07/12/16 and sent out the CCA and CPR on 20/12/16.
Please see below details
Received a claim? I don't know what date is that
Issue Date: 21/11/2016
Amount approx: 18,800
Claimant: Arrow Global
Solicitor: Restons
Original Creditor: HSBC
Particulars of Claim:
The Claimant claims payment of the overdue balance due from the Defendant(s) under a contract between the Defendant(s) and HSBC
dated on or about Jul 21 2009 and assigned to the Claimant on Jan 30 2013
PARTICULARS a/c no - XXXX
DATE ITEM VALUE
12/09/2016 Default Balance 17967.92
Post Refrl Cr NIL
TOTAL 17967.92
Is the debt Statute Barred? I don't know if the debt is statute barred
List any letters you have sent:
CCA to claimant and CPR to claimant solicitors
Any Other Info:
The background is that I originally took a personal loan of £25000 with HSBC back in 2009 to fund and start my business.
This didn't go as planned and it all went very bad in 2011/2012. I started a DMP at that time with Step Change but stop it as I was not able to cope with that either. And StepChange was not much of help unfortunately.
This debt was defaulted and appeared on my credit report. But it disappeared from it I think in 2015. Which i stupidly though was a sign to no longer worry about it.
I had gone through very rough time and only started to see light at the end of the tunnel end of last year. I started this summer a mortgage application with Help to buy and at the same time cleared all outstanding debts in my credit report. One of these debts was with Arrow so I updated my contact details with them.
My mortgage was refused in the end and I had to move to another property.
I believe settling the other debts triggered this 17K debt and Arrow Global gave authority to Restons to manage the debt. Because I had moved to another address I didn't get any of these letters.
I went to visit my old neighbour end of November and she passed me the letters I had received at my old address. This contained the Court Claim and other 3 letters from Restons which one said the claimant was opened to a reduced settlement. Unfortunately because I didn't get this letter I was unable to take the opportunity for a reduced settlement. This is something I would now like to do but it seems too late.
I spoke with the court asking how to avoid having the CCJ and they said the only way is to not admit it and try to resolve with the claimant.
I have then contacted Restons to offer a reduced and final settlement of 6K but they refused and asked for a full payment. I do not have the 18K they are asking me to pay and the offer I made is based on family and friends that offered to help me with a total of 6K.
I have called Arrow who said I need to speak with Restons since only them can accept or refuse the settlement offer.
I called the CAB but they were not much of help and suggested to admit and make monthly payment. The maximum I can contribute is £150 max per month and that will mean over 10 years to pay it all back. This is more than depressing to me and I cannot envisage this option.
I cannot afford to go through private solicitor as I don't have the money so need to find a solution by myself. This is where I am hoping you can help me.
My objective is to NOT have a CCJ against my name and to pay off this debt through a final and reduced settlement.
What should I do?
Are you able to help?
What should be my next move?
I understand Christmas break is approaching so not sure if many people around on this forum to help. Hopefully some of you can still contribute. I highly appreciate any of your advise and suggestions.
Many thanks
Keke
I am seeking for some urgent help with an old debt I original had with HSBC that has now ended up in court as I have received a Court Claim. I hope you can help me resolve and avoid a CCJ against my name.
I have followed the guidance on the first steps as indicated in the forum, i.e I have done the acknowledgement of Service on 07/12/16 and sent out the CCA and CPR on 20/12/16.
Please see below details
Received a claim? I don't know what date is that
Issue Date: 21/11/2016
Amount approx: 18,800
Claimant: Arrow Global
Solicitor: Restons
Original Creditor: HSBC
Particulars of Claim:
The Claimant claims payment of the overdue balance due from the Defendant(s) under a contract between the Defendant(s) and HSBC
dated on or about Jul 21 2009 and assigned to the Claimant on Jan 30 2013
PARTICULARS a/c no - XXXX
DATE ITEM VALUE
12/09/2016 Default Balance 17967.92
Post Refrl Cr NIL
TOTAL 17967.92
Is the debt Statute Barred? I don't know if the debt is statute barred
List any letters you have sent:
CCA to claimant and CPR to claimant solicitors
Any Other Info:
The background is that I originally took a personal loan of £25000 with HSBC back in 2009 to fund and start my business.
This didn't go as planned and it all went very bad in 2011/2012. I started a DMP at that time with Step Change but stop it as I was not able to cope with that either. And StepChange was not much of help unfortunately.
This debt was defaulted and appeared on my credit report. But it disappeared from it I think in 2015. Which i stupidly though was a sign to no longer worry about it.
I had gone through very rough time and only started to see light at the end of the tunnel end of last year. I started this summer a mortgage application with Help to buy and at the same time cleared all outstanding debts in my credit report. One of these debts was with Arrow so I updated my contact details with them.
My mortgage was refused in the end and I had to move to another property.
I believe settling the other debts triggered this 17K debt and Arrow Global gave authority to Restons to manage the debt. Because I had moved to another address I didn't get any of these letters.
I went to visit my old neighbour end of November and she passed me the letters I had received at my old address. This contained the Court Claim and other 3 letters from Restons which one said the claimant was opened to a reduced settlement. Unfortunately because I didn't get this letter I was unable to take the opportunity for a reduced settlement. This is something I would now like to do but it seems too late.
I spoke with the court asking how to avoid having the CCJ and they said the only way is to not admit it and try to resolve with the claimant.
I have then contacted Restons to offer a reduced and final settlement of 6K but they refused and asked for a full payment. I do not have the 18K they are asking me to pay and the offer I made is based on family and friends that offered to help me with a total of 6K.
I have called Arrow who said I need to speak with Restons since only them can accept or refuse the settlement offer.
I called the CAB but they were not much of help and suggested to admit and make monthly payment. The maximum I can contribute is £150 max per month and that will mean over 10 years to pay it all back. This is more than depressing to me and I cannot envisage this option.
I cannot afford to go through private solicitor as I don't have the money so need to find a solution by myself. This is where I am hoping you can help me.
My objective is to NOT have a CCJ against my name and to pay off this debt through a final and reduced settlement.
What should I do?
Are you able to help?
What should be my next move?
I understand Christmas break is approaching so not sure if many people around on this forum to help. Hopefully some of you can still contribute. I highly appreciate any of your advise and suggestions.
Many thanks
Keke
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