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Archive for February, 2007

HSBC Raises APR on Credit Cards, Change of Terms in April 07

JS in California sent an alarming report about higher annual percentage rates on HSBC credit cards:  “I currently have an HSBC credit card with an APR of 12%. I have never made a late payment to them and have always paid 2 or 3 times the minimum amount due. Last week I received a “change […]

HSBC Pays $40 Million for Poor Performance, Due To Pay More

For a banker - or a finance company predator - getting fired isn’t all that bad.

Do you feel sorry for Bobby Mehta and Sandy Derickson, summarily fired from HSBC for their connection to the bank’s catastrophic foray into high-risk US mortgages?  Why should you? They had been paid $40 million (£20 million) in performance-related bonuses.

In […]

HSBC’s HFC Capitalizes on Customer Mistake, Refuses To Help

SB in Florida says:  “I have a second mortgage with Beneficial Finance and have always paid on time.  Last June I sent 2 payments that referenced an old account number.  Both payments were lost in their system and my account was listed as late.  I was unable to get anyone either at the customer service […]

Florida Man Receives HSBC Bill on Date Due

PH in Florida simply states:  “We are being charged a late fee on a bill that we received the day the bill was due.”

Giardinelli and Musicians Friend Linked To Shady Lender

DB in Michigan says:  “In Decenber of 2006 we ordered a drum set and cymbles from Giardinelli on line.   We were told of the date of delivery and it didnt come.  We called them at 18002882334 and was told of another date.  Only the drum set came…no cymbles…it noted on the order form as a […]

HSBC and Best Buy Disappoint Indiana Man

CP in Indiana opines:  “Been trying to get on HSBCAccounts.com to pay bill online Good Luck.  No luck going thru Best Buy’s website.  As soon as my 18 months same as cash is up never again will I do business with either HSBC or BEST BUY or any company that uses these CROOKS”

HRS, HSBC Retail Services Late Payment Scam Not Valid

I mailed my normal payment of 129.00 plus 171.00 for a total of 300.00 to HRS on 1/12/2007 as I have been doing since the first payment was due in April of 2005. For unknown reasons HRS claimed to have never received my payment by mail and sent me a late payment notice and an […]

Aldinger’s HSBC Sham - Mehta and Derickson Fired

See the latest about Bobby and TransUnion

When William F. Aldinger sold his scandal plagued predatory lending company, then called Household International, to HSBC Bank plc he knew he had to profit personally before the sham fell apart. An opportunist who profitted from running scams on borrowers, Aldinger’s departure left room for promotions in the executive […]



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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
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