HSBC Horror Stories

SR in New York said: “Every day, 3 times a day and on the weekends, solicitous continual phone calls from HSBC even though I spoke with supervisors to be removed from their call list continually. This has been going on for a month since I recived a credit card from them. I […]

BR in California said: “I am reading BUSINESSWEEK - Feb 18, 2008 edition - page 36 - regarding CREDIT CARD SECURITIES.

I quote “The consultancy Risk-Metrics recently analyzed 14 larges pools of credit-card assets and found that delinquencies and bad loans had jumped by as much as 19% in the last six months of 2007.
Among […]

RV in Florida says: “HSBC continues to screw over its customers and the government is letting them get away with it. I am ready to file a class action lawsuit, anyone that cares to join me in this task please e-mail me. HSBC needs to be brought down to its knees. Hit them in the […]

A former HSBC employee working at Beneficial Finance sent this report:
I am not willing to leave my correct initials however anyone familiar with this website or with the recent ongoings at Beneficial will probably figure out who I am. I was recently fired from Beneficial after being employed for over 11 years.

I hired in […]

LM in Connecticut says: “Due to loss of our house in Michigan in turn due to the depression in that state and our stupidity with finances (all eggs in one basket: that house), we are filing bankruptcy. Once we made that decision, the harassing calls have not stopped, in particular the “toll free […]

CF in Connecticut sent this update: “I want to add this as an update to an on going horror story regarding HSBC Mortgage Services Inc.. I am to appear before the States Attorney and file formal complaint for billing fraud committed by HSBC. The states Attorney has reviewd my complaint and attached documents from […]

BW in South Carolina warns: “After considering bankruptcy, we were forced to tell HFC to accept our offer or take our home. To say the least, this was a very gut-wrenching time for us. When they agreed at the last minute, we thought we had finally detached ourselves from the scum balls that […]

LT reports: “HSBC is assigning late fees/finance charges to my bills (paid in adequate time) monthly since a department store credit card was initiated. Since the first late bill I started recording statement date, received date of the bill, check sent date, due date, and the date HSBC claims they received my check. Yesterday […]