LB in North Carolina says: “HSBC is reporting to the three major credit bureaus the date of charge off of an alleged debt. This violates the Fair Credit Reporting Act (FCRA). I sent a letter to HSBC and filed a complaint with the BBB that this account is past the 7 year reporting period. HSBC has failed to correct this and as a matter of fact, has indicated they report based on the date of last activity. I have pointed out to them that this is incorrect and that it should be the first date of delinquency. HSBC refuses to delete this account from the 3 bureaus thus ruining my credit outlook.”
Archive for » August, 2007 «
VV in Michigan said: “I have been having major issues with Household for 5 years now. Starting out with them refusing to send a reaffirmation letter after my discharged bankruptcy, to applying a mortgage payment to a credit card, to telling me they were going to foreclose. I sent them the $3000.00 this last June. I only owed $900.00 in payments. They said I had to send in $1850 for attorney fees to stop foreclosure. My first statement in July seemed to have applied the funds correctly. I paid my July mortage payment on-line. No problems.
G.O. in Pennsylvania says: “I mailed a payment to HSBC 7 days prior to the due date as stated online, when I called on the phone to ask about my payment, the phone says to mail the payment 10 days before the due date. I mailed a payment to another credit card at the same time, and so far it was received 3 days before the Household Bank payment which they claimed they never received. HSBC blames the US postal service, which I do not believe. This is absolutely a predatory lending practice, holding the payment until they can collect their late fee. I have two other credit cards that I pay online and their payments can be made the day before they are due for no fee, but Household Bank needs 3 days to do the same thing, and charges a fee!
Category: General Issues, Payment Issues
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JG in Tennessee said: “I purchased 2 ATV’s in August 2001 and I still haven’t received a Lien release on both of them and I payed them off early on 4/29/2002. I have the checks to prove it. I wanted to purchase another ATV after trading one of them in on a motorcycle. But now after giving them a deposit to hold the motorcycle, they can’t take my ATV because of a lein that has not been met, so no clear title, and I will lose the motorcycle, the money and I’m losing my mind because HSBC has told me that they have no records on file and they want me to send them a copy of the lein and a written statement saying that I want it released.
Category: Auto Loan Issues, General Issues, Merchant Issues
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NP in Tennessee said: “Several years ago, I bought a satellite receiver system. This was before the digital satellite systems we have now. The financing was arranged through EchoStar and GMAC. The original principle was $2800 for the system and installation, and the monthly payments were guaranteed to be under $70. It was my understanding that this a straight amortization loan.
Category: General Issues, Watchdog Issues
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