HBOS Credit Agreements

[bpat72]

Hi. I wonder if I could ask the advice of the leagle beagles? I have been wrestling with about £150K worth of unsecured debt over the last three years as a result of my business failing. The card companies froze the interest. CCCS recommended bankruptcy but I did not want to go down this route. I subsequently entered into token payment agreements with the various creditors and have (over time) managed to do full & final settlement deals (all in writing and via a relation) with most of them at anywhere between 15%-60% of the original debt.

I now owe about £50K and it is all with HBOS group. They have been much more stubborn and will not reduce the debt below 75% even though they know I have no real assets. I am now keen to wipe the debt once and for all but cannot afford that type of f&f deal. I am inclined to stop the £1pcm payments and let them refer or sell the debts on to DCA's. On the whole I have found them easier to deal with 'discount' wise. No doubt they buy the debts for pennies.

Anyway, I have the originals of all my agreements and statements. They are all pre 2007 (in fact pre 2006 I think.) Credit cards and personal loans. Before I let the accounts drift I wondered if legal beagles would be able to cast their eyes over my docs and see if there is anything obvious that I could take up with HBOS? I will of course redact the personal bits!

Thanks in advance!

Bryan

P.S Has anyone ever had any success with Cento Client Review / Lifestyle claims in Swansea?

[toomanycalls]

Re: HBOS Credit Agreements

Post them up, lets have a look.

[pandora]

Re: HBOS Credit Agreements

I can give you some help if you have a BOS preference account .... as TMC says .... post em up and I am sure there will be help along !!

P:beagle:

[bpat72]

Re: HBOS Credit Agreements - Docs

Hi. Thanks very much. I am posting them now. There are 2 loans and 2 credit cards. I have another loan with HBOS that I do not have a CCA for for some reason. I will apply for it.

State of Play is

AA Loan : £14080.00
AA Visa : £11,200.00
Halifax One Card : £14,700.00
Halifax Loan : £3200.00

The CCA's for all the above are attached (across 3 posts unfortunately due to max 5 docs per post). With reference to the Halifax One card I was sent 3 documents. An intro letter, with a CCA to sign (a copy of which was also sent for my retention). A further copy of the CCA was sent with the card. All are attached.

All the debt is now being managed by Blair Oliver Scott (although obviously still owned by HBOS). I have been in a token arrangement for 3 years with them, £1pcm on each debt, interest frozen.

Any help or advice would be great.

I stopped paying the Halifax loan about 3 months ago (it is in my wife's name) with a letter basically telling them to 'do their worst' as a test to see how they would handle it. I am not sure whether it is because the account payment plan is not yet due to be reviewed but I have not heard a thing from them at all....I didn't want to stop paying the others because if they 'came on strong' for them all at once I woulod have no chance of paying them and all the settlements I have done over the last 3 years would have been in vain.

Look forward to responses.:beagle:

[bpat72]

Re: HBOS Credit Agreements - Halifax One Card

Here are the Halifax One Card docs.

[bpat72]

Re: HBOS Credit Agreements - Final

Here is the final agreement!

[bpat72]

Re: HBOS Credit Agreements

I know - they are too small - groan.....

I will have another go tonight. Thanks.