www.canadiancreditsolutions.com

Do not go any further until you investigate the company in question. We can do this for you at no charge. Please visit our website and we will be in contact.

Best,

EH

I believe your dealing with a collection agency by the sounds of it.If you were dealing with the creditor directly they would not hesitate to give you a settlement agreement letter because they want to close the file asap.I did settle a debt with hsbc directly in the past and never had this trick played on me.I would call hsbc and see if you can get their collection department and explain to them your situation and i bet you will get the result you are looking for.The creditors want their money or some of it and they don't like it when collection agecnies working on their behalf are playing games.

They claim to be HSBC bank themselves and the individual handling my account even sent me a letter on an HSBC letterhead stating the delinquency of the account.

Have you received a settlement letter offer from them? thank you.

I wouldn't believe a word they are saying.I would not hand over your money unless you do get a settlement agreement letter.The person you are speaking to is trying to pull a fast one on you.Are you speaking to a collection agency working on behalf of hsbc or hsbc itself ?

I need help on settling a personal line of credit from HSBC Canada. The amount is around 8,000. It is past 120 days late. I spoke with them on the phone and they agreed on a 50% settlement however they would not provide a settlement letter, they said a verbal agreement is enough. They said HSBC does not give out settlement letters at all. They said letters are only given after I have paid the 50% amount. Can you kindly provide your thoughts on this? Has any of you had experience settling with HSBC and has any of you received official settlement letters from HSBC?

Also, what was the lowest amount they were willing to settle and how many days late was your account during the time they settled?

Thank you so much and your replies are well appreciated.