knydecker
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posted February 04, 2010 06:58 PM
Bass & Associates repo negotiations
Has anyone had experience with Bass & Associates who is working for HSBC? If so what did you do to negotiate the keeping of your bike? Thanks...
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Douglas Home
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posted February 04, 2010 08:06 PM
Knydeker , didnt you have a sniper rest above the windscreen?
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Doug Mackay Australia
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knydecker
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posted February 04, 2010 08:25 PM
Yea, but the gun stock was slapping me in the forhead on quick stops.
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epd345
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posted February 04, 2010 08:32 PM
I would suggest making a payment or partial payment and that may back HSBC off for a while. Thats just a guess, not really sure
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2012 ZX14, Ceramic Coated Brock's CT Meg, PCV, throttlemeister
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knydecker
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posted February 04, 2010 08:37 PM
I would love to but HSBC said they cant take it as they turned it over to Bass. Bass wants 8800 dollars and this is verbal only over the phone and I have not recieved any formal letter. I dont want to give any money without some type of formal arrangement.
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LAB3
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posted February 05, 2010 04:26 AM
HSBC is hard to do bussiness with. I refinanced my house several years ago and paid off HSBC... Credit card and also GE Credit..... Chevron,Sleep#bed, Paypal M/C credit card
Care One credit card for dental work are all expedited by GE Credit and Several
Hearing aid companies use GE Money Credit worse the HSBC high intrest and customer service lied
to my late Dad last year. said he could try hearing aid free for a few weeks, returned it and then was charged $500.00 WTF. They told dad he could make payments so he sent in first payment then Collection agency starting calling us for Past Due balance Liars.
Tell bass to come get it.....don't have 8K cash.. the engine has a loud knocking noise that you were going to tear down and fix. Who wants to repo a motorcycle with a bad motor??? Then tell them you will make a payment to save your credit . They lie to us. Fu-k HSBC
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knydecker
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posted February 05, 2010 08:10 AM
Lab- I know the bike would bring around 4 grand at an aution plus transportaion fees, repo fees and other Bass op fees for a low milage great bike. That would net them around 2-3 grand in their pocket IF the bike sold at an aution (not too many buyers at this time of year). I was hoping to pay them around 5 grand for the release of reg to me? There has to be someone else out here in ZX land who has or is going thru this that could ultimately help a bit.
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3000psi and falling
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posted February 05, 2010 08:44 AM
Im going through a divorce and for the first time in my life have gotten behind on a loan, and its my bike loan to. Hsbc has been very cool about this whole thing so far, but im only 3 month behind now, it will be 4 months before I make a payment to bring it current. They Set me up for a payment later this month over the phone and stoped calling me. Ive talked to 3 people from hsbc and all of them were very nice and understanding.
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08 ZX14, 2010 Persimmon Red bodywork.
Flies pulled, 16-42, BMC street, 8" extensions, drag shock, cut pan, Cycle Concepts Drag Pack and springs, muzzy m14 w/ oval can, lowered, Shinco usoft rear, pcv with autotune, leightweight Shori 18ah battery, throttle meister. 500lbs at bandimeres scales with half tank of juice.
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LAB3
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posted February 05, 2010 09:36 AM
quote:
Im going through a divorce and for the first time in my life have gotten behind on a loan, and its my bike loan to. Hsbc has been very cool about this whole thing so far, but im only 3 month behind now, it will be 4 months before I make a payment to bring it current. They Set me up for a payment later this month over the phone and stoped calling me. Ive talked to 3 people from hsbc and all of them were very nice and understanding.
Wow things have changed in two years at HSBC. CS was no help with charges on Master card that I did Not charge. Big hassle getting the funds returned, got a much better
% intrest rate with CITI Bank.
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gilberjj
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posted February 05, 2010 11:21 AM
knydecker, I highly doubt you'll be able to just offer paying x amount. I don't think that's how it works. You owe 8.8k, so you'll be expected to pay that much if you want to keep it. Otherwise the rest of HSBC customers suffer with higher rates. HSBC doesn't take a hit, they simply pass that on to the customers. I would suggest calling them and explaining that you can make a payment of X right now, and continue making a payment of Y in the future. Good luck.
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WARBIRD
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posted February 05, 2010 11:52 AM
 Edited By: WARBIRD on 5 Feb 2010 19:53
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LAB3
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posted February 05, 2010 12:34 PM
quote:
knydecker, I highly doubt you'll be able to just offer paying x amount. I don't think that's how it works. You owe 8.8k, so you'll be expected to pay that much if you want to keep it. Otherwise the rest of HSBC customers suffer with higher rates. HSBC doesn't take a hit, they simply pass that on to the customers. I would suggest calling them and explaining that you can make a payment of X right now, and continue making a payment of Y in the future. Good luck.
He is correct, forgot bike was on 'Note" saw HSBC and saw Red in a bad way. Good Luck, be Honest and swallow pride and Ask is there Any way to make a deal on monthly payments. Money is tight, I hope they give you a option.
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dogg24
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posted February 05, 2010 01:01 PM
There was an article in the paper a few weeks ago about a repo man and him and his wife said most places won't repo something unless you dodge their calls as a last resort. It is also possible that HSBC sold your loan to Bass and can't really take any payments. With the economy the way it is it seems like most places are willing to work with you as long as you make some kind of an effort.
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2012 ZX14R SE, Streetmeg, PCV
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knydecker
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posted February 05, 2010 02:02 PM
HSBC has made it clear that they can not handle the loan anymore at this time. I figured they sold it to Bass for dimes on the dollar. I am intending to pay for the bike and I am currently current on my payments to HSBC. I am in contact with Bass and would be curious if anyone else has delt with them.
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LAB3
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posted February 05, 2010 02:57 PM
I wonder if HSBC is only doing Credit cards, Visa and Master cards.
I had no idea they loaned $$ on Motorcycle's until another member posted on here about
HSBC was not a good choice for a lender % rate was wat too high and late payments were higher than normal.Customes Service hard to get a Real person on the phone.
Did HSBC say Why if you are not Behind???????????????????
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SixSixoh6
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posted February 05, 2010 03:04 PM
man i had the same experience with HSBC, missed one payment on my R6 and they were hounding me for it. in which i had NEVER missed a payment with them before. Hell if i wasnt too concerned about my credit they can take the R6!!!
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2006 ZX-14: Murdered out, in the dirt, extended, sprayed, air shifted, geared--GONE
2009 ZX-14 SE--has two wheels and an engine
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knydecker
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posted February 05, 2010 05:14 PM
Did a chapter 7. That rights off the loan with HSBC and thats why I am trying to neg a deal.
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dubious
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Needs more time to ride!
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posted February 05, 2010 08:51 PM
This is new situation to me, in Canada we don't have financial institutions selling loans to other lenders without maintianing the original contract with the customer.
are you behind on payments? or is HSBC going tits up?
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natural selection.....
destiny will overcome intervention.
Some are not worthy of the effort.
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