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You're browsing: Complaints » Auto Loan Issues » Article Title: Repossessed quad and huge HSBC profits
22
May
Repossessed quad and huge HSBC profits
Watchdog

CM in Idaho said: “I hate HSBC. I bought 2 quads in 05 and financed through them. HSBC is fraudulent and rude and not helpfull at all. I have paid over $8000 in payments for one four wheeler, they repossessed it, and now are charging me with an additional $4000 in delinquent charges.

Meanwhile HSBC sold the machine for $4000. So they have gotten for the machine a total of 12,000 dollars! The machine books new at $7000. And they want $4000 still, but they said they would take 50% of the cost to settle.

So $2000, if i pay…will they come after me for the other $2000 claiming they are a different company?! I am so frustrated!”

Editor’s Note: It is entirely possible according to reports we receive. Get everything documented and recorded.

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  3. Repossessed car and HSBC calls for more money
  4. Borrowers uses settlement company but HFC sues instead
  5. Identity theft regarding HSBC reported in Idaho

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