T.O. in Missouri says: “I too have had a problem with HSBC raising my rate after not posting my mailed payment in a timely manner, and I know they had it. Also, I scheduled a payment online and it would not let me post it until after it was due.”
KS in Idaho reports: “We filed our taxes back in 4/2005 on HR Block’s on-line. HSBC (whom we had never heard of) was offering early refund loans…we thought since it was on the HR Website it was legit. We filed, got our money and then paid off the account later. I pulled off our credit […]
A Center for Responsible Lending (CRL) study found that one in five subprime loans issued during 2005-2006 will fail, with over two million homeowners at risk for foreclosure as a result.
A study conducted by the Mortgage Bankers’ Association (MBA) also found that subprime mortgages were experiencing higher rates of delinquency in the past twelve months.
FP sent this report: “I opened an account with Beneficial HSBC Group, by depositing a check they sent to me. The check cleared my bank account, and Beneficial HSBC Group sent checks for me to use. I wrote checks on the account that cleared, however, I was called by a representative to come in […]
This project has been discontinued. Thank you for your understanding.
GG in Virginia gives this analysis of HSBC savings accounts: “I just looked at my statement on my internet savings account with HSBC. They withhold 28% federal income tax from my interest which drives the advertised interest rate of 5.37% to 3.87%. I am in the 15% marginal tax bracket. I realize I will be […]
RZ says: “My contact with HSBC was through Lasser’s TaxAct. To get their 15 dollars fee TaxAct recommended I sign up with HSBC for a service fee of 15 dollars. This way I pay HSBC 15 dollars so that they can pay Lasser’s TaxAct their 15 dollars; a total of 30 dollars. The other option […]
DR reported this to us: “I did not receive a bill towards the end of my “no interest payment” plan. I then called to find out if I could pay online to avoid late penalties. I was given the wrong web address to further my frustrations. I’m still trying to get a correct web address […]
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.