HSBC Horror Stories

AM in California said: “I took out a loan with Beneficial in 2000. I was told that the second trust deed loan that I had applied for was denied but that they could give me another loan which would be a note loan (non trust deed loan) based on my good past loan history […]

RG in Arizona said: “Do not use HSBC for mortgages or refinancing unless you love to go through hell and lose money. I have investigations ongoing from state and federal agencies along with the better business bureau into the business practices of HSBC Bank, Mortgage Division. The complaint concerns two issues:
1.) Deceptively assuring customers […]

KS in Wisconsin said: “Regarding WN in California. All WN needs to do is take the Death Certificate and Death Notice to the branch office. Give these to the Manager and they will take care of it. If the loan is a mortgage, then about two-thirds of the loan might be covered if the […]

ES in North Carolina sends this opinion: “Please explain how HSBC Watchdog does the consumer any good?
I read all of the complaints posted but I see no action done by HSBC other than sending fraudulent documents and getting away with their deceptions. You would probably get better results going to a chat room. […]

CF in Connecticut sends a welcome, well written, detailed follow-up to his ongoing battle with HSBC:
“This another follow up to the on going battle with HSBC regarding my mortgage. AS I stated in earlier posts my loan has been found and verified to be in violation of Truth in Lending, RESPA and HOPA. HSBC has […]

WN in California said: “The mother of my child died on July 19, 2007. I asked HSBC to implement my credit insurance since I was unable to work and take care of the child. HSBC began calling and harassing me though I had credit insurance. They reported me to the bureaus, […]

BCS in North Carolina said: “1. Prepayment penalties are written into a mortgage note, and can not be waived. They are part of a legal document. Even if a loan is sold, the note remains the same. There is no magic wand that makes it go away.

2. When the consumer can not prove […]

RS in Iowa said: “On March 6th I received a phone call from my husband while I was at work saying that my car had been repossessed. I was livid, I had mailed them in $2000, so that I could pay off my car faster. The only thing they let him take out of […]