HSBC Debt Settlement Letters

HSBC is an issuer of many credit cards, including Best Buy & GM accounts, and their policy towards debt settlement varies depending on a number of factors such as the type of card, the balance, and where you live. The sample HSBC debt settlement letter below is one where the bank cancelled 65% of the debt owed in exchange for a lump sum of just $1300. Of course not all HSBC accounts will be settled for this low and a lot depends on your ability to fund your program by making consistent monthly payments.

HSBC Settlement

Date: May 6, 2010
Amount: $3850
Settlement: $1300
Settlement percentage: 35%