DW in Rhode Island said: “My ex-wife and I had a line of credit with HFC. We separated and I closed the account, continuing to payoff the balance at about 6 percent. I lost my job and was out of work for 8 months. During that time my loan was taken over (sold) to HSBC.
Archive for the Category »Rate Increases «
KF in Wisconsin said: “I have been making my payments ontime and I have not been over my limit or any of the standard things that jack up you rate, and I am somehow at the rate of 27.99% which is extortion. I hate this company, I call and get the run around and they will do nothing to change it and will not give any kind of explanation. I would do anything to see this company get what they deserve.”
JB in California said: “I have had a mortgage with HSBC for 3 years and my rate is about to go variable. I have contacted HSBC to either do a loan modification or refinance and their representative informed me that HSBC would no longer be doing refinancing on home loans and that their only loan modification available would be temporary at best. Then the representative told me to go to another lender. When the conversation was over she asked if she had been helpful. Helpful?”
PH in Virginia said: “I have always had an $8000.00 limit reduced to $300.00 with no notification. This placed me over the limit. This practice seems like illegal entrapment and they should be placed in jail. I’m sure they will want our tax dollars to bail them out. I think tax payers should get to vote. NO MONEY FOR HSBC!Criminals of the worst sort!”
SM in Washington said: “I have always paid my credit card off monthly. I just got a statement yesterday and HSBC cut my credit down to $550.00 and I was $150 over my account. I was not aware they reduced it. HSBC is stealing from honest people and racking up interest when they should not. I am cutting up this card as of today.”

