Debt cancellation really insures the store, not the consumer, who is generally dead at the rare times the policy is invoked. The store gets paid, even when the consumer is no longer in a position to care. As with credit insurance, consumers should always decline the product, says consumer advocate Birny Birnbaum, from the Center for Economic Justice.
Archive for the Category »Stop Abuse 2009 «
Category: Stop Abuse 2009
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HSBC requires binding arbitration, thus many customers think HSBC abuses customers and the system to generate more profits. When the cost of arbitration far exceeds late fees HSBC thinks they have an air-tight case.
Category: Stop Abuse 2009
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When is a paid off account not really paid off? When it is an HSBC account. Part two of this bad joke: When is a closed account not really a closed account? You probably already guessed the answer – When it is an HSBC account!
Category: Stop Abuse 2009
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The following information is an on-going effort:
Concerning an earlier post by myself regarding the possibility of HSBC Mortgage Services, located in Brandon Fl. maybe committing or has committed Mail Fraud. After doing some research on the address listed as HSBC Mortgage Services, P.O. Box 60139 City of Industry CA. 91716-0139 (pre-printed by HSBC on the return payment envelope) is in fact another service center owned and operated by HSBC. But it is not my service center. My service center as listed on the statement face is HSBC Mortgage Services P.O. Box 3782, Baltimore MD. 21297-3282.
Category: Stop Abuse 2009
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It hard to believe that HSBC Holdings PLC ADS was selling for around $82 per share as recently as October 2008. The 52 week range reflects a high of 88.15 and a low of 25.05. Today, March 5, 2009, the share price is down again, at 26.34.
Category: Stop Abuse 2009
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