Hi
My husband took out a HSBC BBL in the pandemic as a sole trader. Hasn't made any payments, and now it's been passed to a DCA.
I need a bit of guidance...I have read it is best to ignore the DCA, unless they provide a NOA. I did actually contact them with a CCA request.
Is it best to contact the bank and make a token payment of what is affordable.
I also undertstand that these loans are unenforceable, but as a sole trader you will still be liable. To what extent will that be?
If these are government backed loans, how far is the bank like to take this?
Any advice greatly appreciated.
Many thanks.