HSBC Customer Thinks They Are Being Swindled

HSBC Customer Thinks They Are Being Swindled
AH said via email today:  ” I have a real problem with HSB Finance. I have been charged over $600.00 for fees and penalties on this account. When I requested a written statement of the $600.00 I was told that they could send it to me but I would be charged $5.00 per bill, and they did not know how much that would be.

I was also charged a $39.00 penalty for paying my bill ahead of time.  I have paid a month in advance, and had not missed a payment.  It seems to me that I am being swindled. If I pay in advance, I was told, I’d have to make another payment within the “billing cycle” although I was not deliquent.”
Editor’s Note:  This evening (3-7-2007) Fox News ran a feature describing how Congress is investigating major credit card banks in the United States, and relative high fees.  One man interviewed said his credit card balance went from $3000 to over $10,000 as a result of abuse.    Please contact your elected representatives and your state attorney general about this issue.
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Household HSBC Watch is a watchdog and consumer advocacy organization We monitor customer trends for possible violations of Regulation Z and other possible illegal actions.Household HSBC Watch is not associated or affiliated with HSBC in any way
We use your individual HSBC complaints and merchant complaint reports to perform trend analysis.
We are not associated with HSBC, Household International, or their merchants.
Some items are used by permission granted in the Fair Use guidelines of the 1976 U.S. Copyright Act.



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