HSBC Debt Advice & Support
Feeling worried about your HSBC debt? Our advisors can help you understand your options and take the pressure off.
- Write off 75%* of unaffordable debt
- One lower monthly payment
- Stop creditor hassle and bailiffs
- Access mental well-being services
Your credit rating may be affected if you opt for a debt solution.
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Get information today on your available options
In Debt With HSBC Debt? We Can Help
If your HSBC loan, credit card, or overdraft is becoming difficult to manage, it can quickly start to affect other parts of your life. Missed payments, increasing interest, and constant contact from lenders can make it hard to see a way forward, but you don’t have to deal with it on your own.
At PennyPlan, we specialise in helping people take back control of their finances. Our debt advisors can explain your options, talk to HSBC on your behalf, and help you set up a repayment plan that fits your budget. We’ll make sure you understand every step, so you can make decisions with confidence and start to feel in control again.
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HSBC Loan Debt
If you’ve taken out a personal loan with HSBC and your monthly payments have become unmanageable, you’re not alone. Many people find that changes in income, rising living costs, or unexpected expenses can make loan repayments harder to keep up with.
When this happens, HSBC may charge late fees, add interest, or pass your account to a debt collection agency. But there are ways to stop the situation from getting worse. With the right advice, you can often agree on a lower, affordable payment plan: either directly with HSBC or through a formal debt solution.
PennyPlan can help you understand what options are available and which ones could help reduce your loan repayments, protect your credit rating, and ease the pressure on your finances.
We Help With Most Debts - Not Just HSBC!
*Mortgage debt can be included if you no longer own the property in question.
Example Of An IVA
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Your Monthly Repayments:
Find out for FREE what debt help is available to you
Subject to creditor acceptance. Payment subject to individual circumstances.
Credit Rating may be affected. Fees apply, subject to individuals circumstances.
Reasons To Choose PennyPlan
- Stop all interest & charges
- Write off debt
- Access well-being services
- Reduce monthly payments
HSBC Credit Card Debt
Credit card balances can build up quickly, especially when you’re only able to make the minimum payment. If you’ve fallen behind on your HSBC credit card or your balance keeps growing despite regular payments, it may be time to look at your options.
HSBC may continue adding interest and charges if payments are missed, which can make it harder to catch up. But with the right help, you can often arrange for interest to be frozen and your balance to be repaid at a rate that works for you.
PennyPlan’s advisors can help you review your credit card debt, contact HSBC if needed, and set up a plan that stops things from escalating. You’ll have a clear path forward and ongoing support for as long as you need it.
How Could A HSBC Debt Repayment Plan Work
Through PennyPlan, we can help you set up a plan based on what you can realistically afford each month. We’ll talk you through your options, so you can find a way forward to overcome your HSBC debt.
IVA
Individual Voluntary Arrangement
An IVA consolidates your debts into one affordable payment plan, with some HSBC debts potentially written off.
DMP
Debt Management Plan
A repayment plan that combines debts into one monthly payment. Interest can be reduced or frozen, helping ease financial pressure
DRO
Debt Relief Order
A debt reduction programme for those on low income. Certain debts can be cleared, with no ongoing payments required during the DRO.
Find Out For FREE What Debt Help Is Available To You
Get Help With HSBC Debt Today
We’ve helped people across the UK take control of their debts and get their lives back on track. Our trained advisers will assess your individual situation and guide you towards the best way to manage and resolve your finances.
Do I Qualify
For an IVA?
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Get information today on your available options
Get HSBC Debt Help Today & Talk To An Advisor
Dealing with HSBC debt can feel overwhelming, but the right advice can make all the difference. Our experienced advisors are here to listen, understand your situation, and guide you towards a realistic plan that helps you move forward.
Whether you’re behind on payments or just starting to worry about what you owe, we’ll explain every option clearly and confidentially. Start getting your finances back on track and speak to a member of our team today.
- One lower monthly payment
- Write off 75%* of unaffordable debt
- Freeze interest & charges
- Stop legal action including bailiffs
- Receive FREE well-being sessions
Can HSBC Write Off My Debt?
HSBC doesn’t usually write off debt completely, but they may agree to affordable repayment plans or reduced settlements if you’re struggling.
If your financial situation is serious, formal debt solutions such as a Debt Management Plan (DMP), Individual Voluntary Arrangement (IVA), or Debt Relief Order (DRO) could help reduce or write off part of what you owe.
Tackle Your Debt And Your Mental Health In One Place
Our team are committed to getting your finances and well-being back in top condition
Apply for our eligibility check
Find out if you match the minimum criteria we require to enter you into one of our IVA plans
Speak to our debt specialists
Speak to our friendly debt specialists, who will explain all the options available to you.
Choose your debt solution
Now you have all the options available, you can make an informed decision that is right for you and your family.
Do I Qualify
For an IVA?
What Our Customers Say About Us
Maria
3 days ago
PennyPlan were extremely professional and genuinely caring, I am very happy that I made the call and now have a plan in place and peace of mind. From the first contact to the signing of the agreement it was straight forward and simple plus the staff really are exceptional in the way they listen and understand’ I couldn’t have asked for a better company.
Emily
4 days ago
For over a decade I have kept my money worries to my self away from friends and family one phone call with Leah and I had laid it all bare without a second thought nothing shocked her and nothing wasn’t sortable I’m forever grateful I stumbled across this company and no longer have to worry about money on my own. Highly recommend!!
Daniel
4 days ago
PennyPlan offered insightful, professional and empathetic support throughout my insolvency. Declan in particular was friendly, personable and knowledgeable, and a massive help throughout the process. They offer a no pressure service and allow you to make the best decision for yourself. I highly recommend these guys for anyone struggling with debt.
Mark
1 week ago
I was hesitant in applying for an IVA, But my mind was put at ease on the first call. The whole process was explained to me with complete care and understanding and I didn’t feel judged at all. Since being accepted for the IVA my mental health has improved so much and I now don’t worry about how I am going to put food on the table each week.
HSBC Debt FAQs
Contact HSBC or speak with a debt advisor before missing payments. At PennyPlan, we can help you explore options to pause interest, reduce your monthly payments, and protect your credit score wherever possible. situation. At PennyPlan, we’ll help you explore all your options in confidence.
In many cases, yes. HSBC may accept a reduced repayment plan if you show you’re struggling financially. Alternatively, PennyPlan can help you arrange a single, affordable payment that covers all your debts, including HSBC.
No. Speaking with PennyPlan for debt advice has no impact on your credit score. We’ll help you understand your options clearly and find the best path to financial stability.
If you can’t make your full payments, you can request HSBC to freeze interest or charges. Debt advisors can help you do this as part of a structured repayment plan to make your debt more manageable.
You may face extra charges, and HSBC could report missed payments to credit agencies. If the debt remains unpaid, it may be passed to a collection agency. Speaking with a debt advisor early can help prevent things from escalating.