HSBC Accept Debt Management Plan (DMP)

Here is HSBC’s letter accepting reduced payments in a DMP

 

HSBC

31 December 2013

Dear Sir/Madam

WITHOUT PREJUDICE

Re: NAME ADDRESS

Beneficial Finance Credit Card Number: NUMBER

We are prepared to accept your proposal on behalf of  NAME for reduced payment of £13.00 per month for a maximum period of 12 months. The first payment must be received and credited to the account within 30 days from the date of this letter.

No interest or admin charges will be applied to the account of this arrangement is in force.

Should our customers circumstances change before the review date we must be advised immediately and we would be provided with a revised  financial statement  and payment proposal.

If, after this arrangement has expired, you want the arrangement to be extended  we shall require a revised financial statement  will stop  Should this not be forthcoming we will contact the customer direct for repayment of any arrears.

If you have any queries, please contact one of our advisers on 0870 010 8516

Yours Sincerely

Card Collections

So as you can see a Debt Management Plan can be achieved even with a major bank, not just collection agencies.