HSBC Horror Stories

BR in California said: “HSBC DID NOT JOIN the other 6 banks to put a 30 day hold on foreclosures.
Granted, 30 days is not much time, but BA, WELLS, WAMU, JP MORGAN, COUNTRYWIDE, CHASE stood up to try to do something for poor home sufferers.

HSBC again spoke its true colors about the American market. […]

SD in Pennsylvania said: “Well after reading numerous statements about how incredibly horrible HSBC is my fiancée and I started putting 2 and 2 together. We have numerous accounts with them, including Suzuki and Kawasaki, which are the absolute worst. I advise anyone with plans on purchasing a motorcycle or ATV to […]

WC in Minnesota said: “I read the comment on how branches are not allowed to handle customer service issues. (see it here) That’s not true in all branches. We are there to handle customer issues. Usually the manager or sales assistant. Some branches might not allow it, but that is […]

CC in Illinois said: “In 2004 I had an unsecured tax loan hsbc for $2833. I filed with my wife. The money was taken by an agency my wife owed. I paid the full amount back, but my credit report states I owe them $320. I haven’t received a reason why I owe this […]

KS recently said: “I just finished reading about the complaint regarding the sale of the optional payment protection coverages, and must agree that this writer hit the nail on the head. I lost over 50 loans when managers refused to run loan documents unless the client took all three coverages and a home & […]

DM in VIrginia said: “I paid off my Best Buy promotion balance before the date on my Nov 07 statement (the one that says, “pay by this date or you will have to pay full interest”). Now I am getting harassed, saying that I didn’t pay it off by the required date […]

BR in California said: “I am reading BUSINESSWEEK - Feb 18, 2008 edition - page 36 - regarding CREDIT CARD SECURITIES.

I quote “The consultancy Risk-Metrics recently analyzed 14 larges pools of credit-card assets and found that delinquencies and bad loans had jumped by as much as 19% in the last six months of 2007.
Among […]

KS sent this report: “I worked for HFC/Beneficial for 3 years. We all know the management are goofs, and the President (Detelich) is the biggest goof of all. I read about the customer relations issue, and must say that what was reported is not all-truthful. The branch people are not allowed to handle customer […]