HSBC-Anyone had a 2nd with them ??

[albacore44]

Reason I'm asking is I plan on stopping payments to them post Ch-7 discharge and trying to settle. I have heard since their a foriegn bank, they haven't been participating in any modification programs

[JoeBankrupt33]

I had a second with them, but I discharged them in the bankruptcy. I was about 11 months late with them before I filed and I talked with them about my settlement options to prevent them from suing me. Anyhow, they eventually got down to 8k settlement on 30k of debt.

[albacore44]

I had a second with them, but I discharged them in the bankruptcy. I was about 11 months late with them before I filed and I talked with them about my settlement options to prevent them from suing me. Anyhow, they eventually got down to 8k settlement on 30k of debt.

You lost me here. How could they sue you if you discharged the debt through BK ?? The only thing they would have is a Lein. 8k on 30K doesnt sound like a very good settlement. Did they threaten to forclose ?? In my case my 2nd is 240K, and i'm shootin for 10% or less,

[overspent]

I have a HELOC with them. Back in July when I thought I had some equity and was trying to refinance I asked them to reduce their rip-off rate from 9% variable to 5% they said they did not have any program to help me. Guess what, I stopped paying last month and they started calling and sent me letter about some programs they have that could help me becoming current. Now I know my house is underwater based on comps. They can foreclose if they want to because my soon-to-be-filled chapter 13 will be based on modded 1st and no HSBC's HELOC or equivalent rent.

[JoeBankrupt33]

You lost me here. How could they sue you if you discharged the debt through BK ?? The only thing they would have is a Lein. 8k on 30K doesnt sound like a very good settlement. Did they threaten to forclose ?? In my case my 2nd is 240K, and i'm shootin for 10% or less,

This was before the bankruptcy. I wasn't haggling for a settlement, I was just listening to their BS so they wouldn't sue me before I was able to file bankruptcy.