One account dropped from debt management

Using ACCC debt management company , started in 7/1/2011and was accepted by HSBC 1month later around 10/2011 both myself and accc noticed the account hasn\'t aged and inquired HSBC what the problem was. They told us there was a glitch in their system and all charges would be reversed not to worry! So to make along story short they know claim I was dropped from their program in Oct 2011 for not paying past due of the 1 month before entering the program and neither ACCC or myself were told of this requirement. Now they want me to start all over with a higher balance then I stated whith. What can I do?

2 Answers

It seems that you'll have to start all over again. Sorry!!!


Your debt management company should have received an acceptance of the terms signed by HSBC before the program started.  When I was in collections, this was standard...the creditor/CA received proposals from debt management companies asking for terms to be agreed to...payments wouldnt start until the proposal was accepted.

How to Deal with Illegal Loans..OhioGal's Primer
http://www.debtconsolidationcare.com/paydayloan/dealingwith-illegallenders.html
PDL's are ILLEGAL in the following states...
AR, AZ, CT, GA, ME, MD, MA, NJ, NY, NC, PA, VT AND DC
OH AND NH have very restrictive low cost interest rate laws.

SOL for all states
http://www.debtconsolidationcare.com/statute-of-limitation.html

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