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Archive for November, 2007

Minnesota customer reports HSBC - Herberger’s scam

RR in Minnesota reports: “This has happened twice in the last year but I only have the last one documented. I have a Herberger’s card and use it only rarely and only to get extra discounts on purchases and always pay it off when receiving the first statement. On Aug 8 2007 […]

HSBC New York employees must work free overtime, says one

This report came from New York:
“I resigned today as a Senior Account Executive for Household in NY State. As SAE’s we are non-exempt employees, legally entitled to receive overtime pay when we work past 40 hours per week. However, virtually all AE’s in my district have been coerced into working “free” overtime. Pressure […]

HSBC loan balance higher after 3 years of payments

Em in Colorado reports: “I willingly took out a personal loan with HSBC in May of 2005. The original amount being $6000.00. The interest rate was high at 22.031%, but at the time I needed the money and had the ability to make the $165.00 payments. For 30 months I have […]

HSBC Auto refinance described by former employee

No location was provided with this report:
“I also worked for the Beneficial side of HSBC for several years. About a year after working for the company, because of my excellent performance in unknowingly deceiving people, I was asked to start in the management training program, with the hopes of becoming a branch manager in […]

HSBC disregards judges ruling, puts responsibility on customer

LJ in Nebraska said: “I was recently sued by HSBC for a “supposedly” co-signed loan. They hired attorneys and took me to court and on September 28, 2007 the county court Judge denied the Summary Judgment filed against me, and ordered that the judgment is against the original lender and owner of the automobile.

I […]

Former Beneficial Finance BSM speaks out

With reports like this we will not publish the sender’s initials, only the state that the report came from. This was received from the state of Virginia:

“I am no longer with HSBC, but I was there for 8 years. I worked as a collections unit manager and then a BSM for Beneficial. I work […]

Former DSM tells how HSBC paid no severance, fired in Virginia

I read the most recent posting and want to agree whole heartedly. Not only is HSBC charging outrageous rates and fees, but they are treating their employees with no dignity. I too am now with a REAL lender, and charging normal rates, and since I have been in the REAL WORLD outside of HSBC, I […]

Mortgage Jobs Available in Virginia

A former HSBC employee sent this email. We are posting it in both of our blogs:
“I was a BSM at HSBC until last month when I decided that I would not wait for the layoffs to do something with my life. It saddens me to know what you are all going through waiting […]



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Household HSBC Watch is a watchdog and consumer advocacy organization We monitor customer trends for possible violations of Regulation Z and other possible illegal actions.Household HSBC Watch is not associated or affiliated with HSBC in any way
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