DCA chasing HSBC debts almost Statue Barred & PPI

[clw]

Hello, hope I am in the right place.

 

I had several loans with the HSBC which I had always paid back in full. Then

 

in December 2007 through family problems I could not pay my credit card and could not keep up with all the bank charges.

 

I did try to sort it out with the bank but they sold it on to a DCA.

 

I paid two payments to the DCA, the last payment was in March 2008.

 

Could someone tell me if this is now statue barred

and also could I claim back the PPI on the loans I had before the bank sold my account.

 

I don't want to make waves and open up a hornets nest resulting in being chased by DCA

as I have never acknowledged owing and have never replied to them since March 2008.

 

Many thanks for your help

[renegadeimp]

IMO it is Statute barred. Pity you fell for the trick of paying a DCA though. You can also claim back any penalty charges or late fee's on the account, and if PPI was missold or you didnt need it, then you can reclaim that too.

[rebel11]

Hi clw

 

Welcome to CAG

 

Thread has been moved to the correct forum.

[silverfox1961]

Hi and welcome to CAG

 

In my opinion, let sleeping dogs lie. They are not chasing you at the moment so don't poke them.

 

As for the PPI. It has been known for a bank to buy back a debt from a DCA then they can then offset a PPI payment to the debt, leaving you with nothing. Not saying this would happen but better be aware.

[citizenB]

B/shark and HSBC DO buy back debts in order to offset PPI. You will probably be quite safe to believe your debt is SB'd at the end of May, if the last payment was March 2008. If the DCA starts rattling prior to that date then you could then bring up the issue of the PPI .

 

That would be my plan if it were me.

[clw]

Thank you. Does this drop off your credit rating (hoping against hope) or do you have to apply to have it removed. I am slightly worried in case the DCA look at your credit rating to see if you apply to have it removed?

[silverfox1961]

After 6 years on your credit file it will automatically fall off. Just check the date of any default to know when it will vanish.