Hsbc credit card in 2007

Querist : Anonymous (Querist) 02 September 2026 This query is : Resolved
Hi Experts,

I had a HSBC credit card in 2007 with limit of 93000. My friend used it and betrayed me. However, he paid minimum dues for close to 5 to 6 months in 2010. In 2010 i received calls from one of recovery agency to pay 16000.00 to make the card closed properly. Still i sm not in good financial position to pay it and left it as it. Now i prefer to close it properly. I tried to reach HSBC bank. They advised to go in person to branch. Also in Experian report it was marked as closed with outstanding of 93K. How to close this credit card properly with amicable payment.

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Quick Summary

A user is seeking advice on how to properly close an HSBC credit card account from 2007 with an outstanding balance of £93,000. Despite a friend's misuse and partial payments in 2010, the debt remains. The user has been contacted by recovery agencies and is now looking for an amicable payment plan with HSBC, as they are unable to pay the full amount. They are also concerned about the statute of limitations for debt recovery.

kavksatyanarayana (Expert) 04 September 2026
You personally consult the BM of bank and say your financial position and convince him for amicable payment.

Dr. J C Vashista (Expert) 06 September 2026
Whether the Bank had attempted to recover dues since 2010 i.e., within its limitation ?

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