HSBC most of the Debt

Get expert opinion. This is the place for new questions to be posted.
32 posts Page 2 of 3
Post Reply
 
 

freelili

User avatar
Posts: 3474
Joined: Mon Oct 02, 2006 2:55 am
Location: United Kingdom
Post by freelili » Sun Sep 07, 2008 5:41 pm
Quote
Its good trish, as HSBC like the 40p in the pound.

Sorry I was struggling a bit there, but trying very hard to help.
LILY

http://freelili.blogs.iva.co.uk

I asked God for an answer, I have to live with his reply.
Exsisto an angelus quod planto quispiam sentio melior.
Top
 
 

trish37

User avatar
Posts: 33
Joined: Wed Sep 03, 2008 10:12 pm
Location:
Post by trish37 » Sun Sep 07, 2008 5:43 pm
Quote
Another thing, as I am with HSBC my min pay back offer would have to be at least 40% - am I right?
Top
 
 

Adam Davies

User avatar
Posts: 14596
Joined: Thu Mar 29, 2007 12:21 pm
Location:
Post by Adam Davies » Sun Sep 07, 2008 5:43 pm
Quote
Hi
55K debts,40p dividend is 22k,plus IP fees of 6k = a pot of 28k needed,divided by 60 = £466 per month
Regards
Andam Davies
Top
 
 

trish37

User avatar
Posts: 33
Joined: Wed Sep 03, 2008 10:12 pm
Location:
Post by trish37 » Sun Sep 07, 2008 5:44 pm
Quote
Lily your a star and so patient with me!!
Top
 
 

Adam Davies

User avatar
Posts: 14596
Joined: Thu Mar 29, 2007 12:21 pm
Location:
Post by Adam Davies » Sun Sep 07, 2008 5:45 pm
Quote
Hi Trish
Yes,as they have more than 25% of your debt they will have a simple yes or no to your proposal.
Some cases have gone through with dividends lower than 40p for HSBC,but in general that is the minimum
Regards
Andam Davies
Top
 
 

Viki.W

User avatar
Posts: 5629
Joined: Fri Feb 15, 2008 7:34 pm
Location: United Kingdom
Post by Viki.W » Sun Sep 07, 2008 5:45 pm
Quote
Thanks Andy, sounds good Trish. Good luck. X
If you would like to talk to me about your debt problems, please visit:
http://www.vincentbond.com/about_us_Viki_Warbrooke.asp
Top
 
 

trish37

User avatar
Posts: 33
Joined: Wed Sep 03, 2008 10:12 pm
Location:
Post by trish37 » Sun Sep 07, 2008 5:49 pm
Quote
Thanks everybody xx
Top
 
 

freelili

User avatar
Posts: 3474
Joined: Mon Oct 02, 2006 2:55 am
Location: United Kingdom
Post by freelili » Sun Sep 07, 2008 5:50 pm
Quote
I thought IPs got more than that, doesnt really sound like that much does it, considering all the back chat they get?

Good luck Trish, try not to speculate, sounds like you've got a very good chance. And thanks.
LILY

http://freelili.blogs.iva.co.uk

I asked God for an answer, I have to live with his reply.
Exsisto an angelus quod planto quispiam sentio melior.
Top
 
 

LoneRanger

User avatar
Posts: 894
Joined: Fri Jun 20, 2008 6:00 pm
Location: United Kingdom
Post by LoneRanger » Sun Sep 07, 2008 6:30 pm
Quote
When did HSBC Go up to 40p/£?? I was told by the company that was setting up my IVA that it was 37p/£
Steve.

IVA approved!
Top
 
 

kallis3

User avatar
Forum Expert
Posts: 77157
Joined: Mon Mar 17, 2008 4:02 pm
Location: United Kingdom
Post by kallis3 » Sun Sep 07, 2008 6:44 pm
Quote
It's been 40p for a while now Steve.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley.
http://kallis3.blogs.iva.co.uk
Top
 
 

LoneRanger

User avatar
Posts: 894
Joined: Fri Jun 20, 2008 6:00 pm
Location: United Kingdom
Post by LoneRanger » Sun Sep 07, 2008 6:59 pm
Quote
Thats a bit of a worry as HSBC hold probably about60-65% of our debt.
Steve.

IVA approved!
Top
 
 

Viki.W

User avatar
Posts: 5629
Joined: Fri Feb 15, 2008 7:34 pm
Location: United Kingdom
Post by Viki.W » Sun Sep 07, 2008 7:14 pm
Quote
Steve, If I remember correctly you're with Size5's team, they recently had an IVA approved with HSBC being the main creditor and it was under 40p. X
If you would like to talk to me about your debt problems, please visit:
http://www.vincentbond.com/about_us_Viki_Warbrooke.asp
Top
 
 

freelili

User avatar
Posts: 3474
Joined: Mon Oct 02, 2006 2:55 am
Location: United Kingdom
Post by freelili » Sun Sep 07, 2008 7:28 pm
Quote
Steve, I am sure even HSBC know youre doing your best, as will size 5.

Dont worry, youre in good hands.

I remember the same case as Viki, and if I remember correctly, it was quite a bit under the 40 mark.
LILY

http://freelili.blogs.iva.co.uk

I asked God for an answer, I have to live with his reply.
Exsisto an angelus quod planto quispiam sentio melior.
Top
 
 

LoneRanger

User avatar
Posts: 894
Joined: Fri Jun 20, 2008 6:00 pm
Location: United Kingdom
Post by LoneRanger » Sun Sep 07, 2008 7:58 pm
Quote
I was with size5's team until i was made redundant and my propsal was dropped [for obvious reasons], but i wouldnt hesitate to ring them again once im all sorted with work!
Steve.

IVA approved!
Top
 
 

LoneRanger

User avatar
Posts: 894
Joined: Fri Jun 20, 2008 6:00 pm
Location: United Kingdom
Post by LoneRanger » Sun Sep 07, 2008 7:59 pm
Quote
Anyway sorry to have hijacked your thread Trish
Steve.

IVA approved!
Top
Post Reply
32 posts Page 2 of 3
Return to “Ask IVA Forum and Industry experts”