Denied School Loan Because of HSBC
GV in Texas says: “I am being denied a school loan because of a $2,000 uncollectable debt reported by HSBC.LV. I am unable to identify what this relates to.”
Archive for February, 2007
HSBC Security Hold Humiliates Customer
IH in Texas says: “My experience with HSBC has been horrific. First, I fill out their online application. Then, they send the card. I activate it. I try to use it at a store. It gets declined - I’m humiliated. I call and am told it is on a “security hold” because they want me […]
HSBC Florida Cutomer Says Late Payments Are A Scam
ML in FLorida says: “Tried for two months to pay on line. When I call to talk to them about this problem I still get no help. Only a recorded message. They will let you pay by check but charge a $15.00 fee. Its a scam. It is very frustrating. The people that I have […]
HSBC Motorcycle Financing With Daily Interest
RO in Washington reported: “I purchased a motorcycle. They stated no payments for 12 months. About two months went by when I received the first statement. It had an amount I owed and the purchase of a motorcycle helmet. I did purchase the helmet. I made a payment and did not receive another statement for about […]
HSBC to Target Immigrant Community, Hispanics in United States
Monday, February 12, 2007: In an attempt to salvage its US consumer finance business, HSBC is to target new immigrants to the United States because of their lower credit risk, according to the UK’s Sunday Telegraph Web site.
According to the Sunday Telegraph Web site, HSBC plans to divert more resources into targeting new immigrants to […]
HSBC Discusses Personal Information With Others
LL asks: “This company called my home and discussed my personal matters with other people instead of me. Where is the privacy act?”
Editor’s Note: A good question but we trust you reported this to your state attorney general?
HSBC Could See New Charges in 2007
Within a few years HSBC admitted they did not do their homework when it came to Household International, although at the time they insisted the performed due diligence. When consumer watchdog organization Household - HSBC Watch (see more) wrote opposition letters protesting the buyout of Household International by HSBC, attorneys representing HSBC downplayed or disputed key […]
HSBC Raises Bad Loan Provisions by 20 Percent
LONDON — Shares of HSBC Holdings PLC fell Thursday after Europe’s largest bank by market capitalization said it is raising provisions for bad loans by 20 percent higher than the market had expected.“Foreclosures have shown a higher severity” than expected, Chief Executive Michael Geoghegan said on a conference call. “The major impact was taking into […]
