What does HSBC have in common with Saxon Mortgage? Both love to call account holders to the point of annoyance. Both have been accused of being predators. Both companies deal in subprime. Both are poorly rated and have many complaints on file. Both seem to have issues with holding payments until the payments are late. That is where Saxon Mortgage, now owned by Morgan Stanley, and HSBC actually differ.
Archive for the Category »Stop Abuse 2009 «
One investigator discovered this about HSBC, mail, and possible mail fraud:
“A simple method that HSBC may be doing to commit mail fraud and fraud in general.
Why doesn’t HSBC send an email every time your credit or debit card is used? Wouldn’t that reduce fraud? Wouldn’t immediate email monitoring make you feel better and more secure? Of course it would. Here is why HSBC will not do implement the idea:
As I sit here reading a post I very quickly see that HSBC has a total disregard for the law, unless it works in the favor of HSBC. Here is an example:
Does HSBC call you on Sunday, even from India? On June 10, 2008, the FTC said this relating to an FTC suit against CompuCredit (a credit card issuer) and Jefferson Capital (a debt collector) -

