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Old 7th Oct 2010, 01:20
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SefonSA
 
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Question HSBC professional studies loans advice pls fellow debtors?

Hi Ppruners

Sorry wrong area but right people, sure some of you guys got this loan too.

Long story so I will try to keep it short, borrowed 70k told I could repay 12months after finish course, finished late, went to HSBC to confirm new repayment dates. They initailly said impossible, now they want me to go in again and sign for the whole loan again and parents to resign all the guarantees again and only charge me the registry fees!!! very kind of them.

3 things it could be?

1 they want to be able to tell the govt, they are lending more money, ie another loan.

2. They have lost my paperwork (I had to send in copies of the original loan), I think I was the very last person to get that type of loan, all the original branch staff have left and its been moved into another office.

3. There was a major with the small print of the original loan and they want to sort it out.

Obviously the third option would be my favourite - possibly invalidate loan = clear part of the debt

Any advice/thoughts folks....

(apart from the obvious don't borrow money for training!)
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