HSBC Horror Stories

A Pennsylvania resident reports:  “I mailed my payment on time to pay my GM Card in December 2006. Due to a blizzard, along with holiday mail which bogged down the mail system, HSBC got the payment (they say) a whopping three days late. I have never been late with a payment before. HSBC put me […]

HSBC has big ambitions to expand into insurance, but after the American sub-prime mortgage fiasco, management’s credibility is still too damaged to attempt a major deal. Eventually there might be such a moment.  HSBC is set to repeat insurance problems which skyrocketed Household International to the top of predatory lending scrutiny.

In addition to insurance as […]

NEW YORK – HSBC Finance Corp. said Thursday it will stop offering some tax refund loans, popular but controversial products that let taxpayers who expect refunds get their money early, but at a potentially high cost.

In a statement, the Prospect Heights, Illinois-based unit of HSBC Holdings Plc said it will discontinue “pre-season” and “pre-file” products beginning […]

MR asks:  “HSBC is constantly calling my house and never leaves a message. I finally answered because I knew who it was. They claimed our account was two months past due. All of our payments are current and have been made every month by electronic check. I had the same experience with another account with […]

EH in Maryland says:  “This complaint is about a BestBuy scam of shipping an item that I purchased on 2/21/07 to the wrong address, which led to loosing it. Neither BestBuy nor United Parcel Service (UPS) take the responsibility for it. I called to dispute it and think BestBuy in Hanover, MD has a bazaar […]

I am a US citizen living in Panama. I recently learned of a very disturbing lawsuit filed by the multi national banking conglomerate HSBC in Panama - a country where anyone can be criminally prosecuted or civilly sued for defamation even if the statements that are the subject of the suit are absolutely true (truth […]

A flurry of advance-fee loan scams is victimizing consumers across the USA and Canada, the Council of Better Business Bureaus warns. Consumers who respond to phone calls or ads that purportedly guarantee loans to those with poor credit instead lose hundreds of dollars or more in fees demanded by the suspected scammers. The frauds follow […]

AH said via email today:  ” I have a real problem with HSB Finance. I have been charged over $600.00 for fees and penalties on this account. When I requested a written statement of the $600.00 I was told that they could send it to me but I would be charged $5.00 per bill, and […]