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Archive for April, 2008

HFC BFC tells how HSBC packs loans

A New Jersey former employee said: “I worked for HFC and BFC for the past 4 years and have recently left because of the constant insanity. The pressure to get that 1st mortgage (that doesn’t make any sense!), making sure you “planted all the right seeds” to ensure you sold your Life Insurance, Disability […]

HSBC mortgage payoff increases dramatically in 10 minutes

DA in Kansas said: “I like to say first that this was a good source of info so that I could file a dispute with them over a hardship. I have been trying to get HSBC out of my life so we were trying to refi. They were using the old dog and […]

Indiana customer speaks about HSBC Auto Finance

DM in Indiana said: “When my parents bought the car I don’t think they knew what they were getting into. HSBC gave them a $25,000 loan for a car that was only worth less then $20,000. My parents monthly payments were $550 a month so they gave me the car two years later. Now […]

Moving target payment date at HSBC hurts customer

CC in Maryland said: “I’ve had 2 HSBC accounts for several years. A year ago they began raising my interest rates up to 29% after I went slightly over my credit limit. I attempted to make large payments ($500-$750/month), began making them early, and they lumped the payments onto one statement, and charged me […]

HSBC D9 abuses in New York - Opinion

This was received from New York state and is the opinion of the person who submitted it, who shall remain anonymous: “D9 abuses from a former Presidents Council employee.
1. Stated income equals FAKE income. An unfortunate truth was that 90% of all loans written using this partial stated income program was false. Daniel […]

HSBC is a boys club

WM in Ohio said: “In response to: Employment tribunal hears from HSBC former employee in London…
HSBC is a boys club certainly. I heard in one branch they only gave the females the loans the males couldn’t get… “leftovers”. I don’t have that problem in my branch because we haven’t had a female […]

HSBC is troubled lender and worse than Household International

An Ohio resident said: “One thing that keeps bothering me in a lot of posts is that they keep referring to Household. HSBC now is the owner and now is responsible for its own actions. HSBC is the troubled lender and from what I read on here, they seem just as bad […]

HSBC UK employee says we should stand by

An HSBC in the UK sent this: “I am an employee of Beneficial Finance in the UK. Stay tuned. I have 4 weeks to go. Handed notice in today.”



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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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