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Author Archive

DS in Michigan said: “Just and update…Have posted previously about our hardship/modification/foreclosure problems with HSBC. We have finally given up…they have forced us to file bankruptcy and foreclosure is imminent. These people are absolutely ruthless.

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CC in Illinois said: “I’m very upset. I am a 90-year old man who is legally blind. HSBC’s Household Finance put a freeze on my checking account via a lawyer, saying I owe $4958.00 from 2007. I don’t have a credit card or an account with this HSBC.

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From L.F. in New York

I pay Beneficial Finance a monthly payment of $178. Only $8 every month is being applied to the principle. I need some answers. I think I’m being bamboozled. I know that HSBC is in bed with Beneficial. I’ve been wondering if loan sharking was what the class action lawsuit was about against Beneficial.

From M.T. in California

My husband obtained a Direct Merchants/HSBC credit card in 1996. The card has NEVER been in default like the rest of our credit. We agreed to HSBC ACCOUNT PROTECTION PLAN PLUS in early 2008. In April of 2009 after 14 years on the same job, my husband lost his job. We contacted HSBC to enforce the account protection plan.

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From D.B. in North Carolina

In yesterday’s mail I received notification that my credit limit at Sam Ash had been reduced to 0 because the amount of revolving credit is too large, etc., etc. as reported by one or more of the credit reporting agencies. Never mind that I have a zero balance on the account and that I have always paid the bill. The same thing happened a little over a year ago when my account with Musician’s Friend was cancelled due to lack of use. When I tried to open a new account as instructed by the people at Musician’s Friend I was turned down for the same reason.

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