More than 425 boxes of documents which may shed light on HSBC’s subprime woes of past and present were recently discovered gathering dust in a warehouse.They surfaced in a U.S. class-action lawsuit against HSBC Finance, formerly Household International, in which investors claim damages from its subprime lending practices. The lawsuit claims the company’s stock came […]
RE reports on HSBC Australia: ” I recently missed 2 letters from HSBC demanding I pay cash into my account to service my overdraft of 1,100 pounds. I never received the first letter and once I saw the second letter I immediately paid 399 pounds into the account. In the meantime, I received another letter […]
JR in Massachusetts says: “I opened a BestBuy Credit card account in MA six months ago, credit limit was $400, average balance in my account has been under $300. I always send due payments on time as soon as I receive the bill, which is usually two weeks prior to the due date. I noticed a […]
DI in Missouri asks: “I attempted to pay online and could not and was charged the $15.00 and my account was then defaulted and the interest rate increased. Is there a letter or something I can inform the credit reporting agencies of this practice?”
Editor’s Note: You can reference all of our complaints like this, similar in […]
KQ in Alabama says: “HSBC is calling me over and over. I sent them a letter stating that my husband was laid off unexpectedly. I asked that they reduce my payment or not add fees that I would pay my bill. I just needed some extra time. Of course my letter was ignored and my […]
An open letter to HSBC, Knight Vinke and Stephen Green
We monitor customer trends for possible violations of Regulation Z and other possible illegal actions.
We use your individual HSBC complaints and merchant complaint reports to perform trend analysis.
We are not associated with HSBC, Household International, or their merchants.
Some items are used by permission granted in the Fair Use guidelines of the 1976 U.S. Copyright Act.