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  • #46
    Re: HSBC right to set off

    Originally posted by mgfboy View Post
    Slightly of topic , but I was wondering if anybody had actually been invited down to FOS hq to explain their compliant????


    Never heard of that happening, but who knows?
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    • #47
      Re: HSBC right to set off

      And at 2.6 of the OFT guidelines on debt collection:-

      "b. pressurising debtors to sell property, to raise funds by further
      borrowing or to extend their borrowing"

      Unfair practice defined.

      regards
      Garlok

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      • #48
        Re: HSBC right to set off

        Originally posted by Never-In-Doubt View Post
        Can this be done?
        Have read it somewhere, on there site I believe that this does happen sometimes in mediation cases i.e where both parties in dispute reach deadlock.

        It is apparently very informal in one of there offices and both parties will meet with the ombudsman and bring the dispute to a conclusion agreed by both sides.

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