HSBC Realizes Increased U.S. Exposure
It is true that, as some investors complained, HSBC is much more exposed to what looks like a more fragile U.S. economy than it was 10 years ago. But it bought Household International — the consumer credit concern with around 50 million customers in the United States and Britain — more than four years ago, time enough for investors to realize the benefits of increased U.S. exposure as consumer credit and mortgages boomed, as well as to foresee the potential downside when U.S. growth slowed.
Unfortunately for HSBC, consumer watchdog organization Household - HSBC Watch continues to gather complaints from HSBC customers in the United States, passing such information on to regulators at the state and federal level. “Household - HSBC Watch gives HSBC exposure but not in the way HSBC wishes, thus HSBC USA made a push to shut us down” said a member of the organization. Anyone can see, read, or comment on live issues here.
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I want to sue HSBC for all kinds of stuff. I have had 4 credit cards and a home equity line of credit with them.
Believe me, I have plenty of stories!!! Stories about unfair billing practices, unfair interest rates, late payment and over the limit fees. Not posting payments on time. Putting you over your limit as soon as you sign the loan papers. Destroying your credit report with erroneous and duplicate entries. Leaving a lien on your house, that cannot be removed, long after loan is repaid. Not being able to reach customer service, AT ALL. Selling your account to so many other companies a person can’t keep up with it. And on and on……..
Predator does not even begin to describe HSBC.
I have money. Need attorney.