HSBC Horror Stories

RM said this about HSBC credit cards: “Looks like Black November for HSBC card holders. On Nov 13 2008 I also received a change of terms stating that my rate was going to increase from 8.24 to 14.99 effective Jan 2009. I have never been late on a payment on any debt in […]

MR in North Carolina said: “I purchased a jet ski with an introductory apr of 6.99%. I was late on only 1 payment. Here it is two years later and my apr has jumped to 18.99%. My payments have gone from $152/month to $330/month. To be honest, when I purchased the jet ski, […]

VR in Florida said: “I just received a notice of an interest rate increase of about 3% on my HSBC card after they jacked it up last year when I requested a reduced rate. (They said “NO”) I have made all payments on time for the past 5 years and make most payments […]

CH in wisconsin said: “After having a GM (HSBC) credit card and several “store” cards that were carried by HSBC for a number of years. They pulled their late payment scam on one of my store cards and then tried to blame the post office for losing my payment. After paying off the store […]

RW in Arkansas said: “ON 08/24/2008 I PURCHASED A TV/BLU-RAY DVD AT THE FAYETTEVILLE BEST BUY STORE UNDER A PROMOTIONAL PROGRAM “TAKE 3-YEARS TO PAY WITH ZERO INTEREST.” WHEN I RECEIVED MY FIRST STATEMENT FROM HSBC I NOTICED A “DEBT CANCELLATION” CHARGE OF $28, WHICH I DID NOT ELECT NOR AUTHORIZE, AND WASN’T GIVEN […]

DT in Pennsylvania said: “I HAVE A MORTGAGE WITH BENEFICIAL. I ALSO HAVE DISABILITY INSURANCE WITH THIS ACCOUNT ALSO. IN AUGUST I WENT INTO THE HOSPITAL FOR SURGERY AND WHEN I GOT OUT A WEEK LATER I FILED THE NECESSARY PAPERS FOR MY CLAIM THAT WOULD PAY MY MORTGAGE. HERE IT IS 3 MONTHS […]

JB in Pennsylvania said: “I wish I had known about this website this summer when my mother and I got a refinance on our house with Beneficial. The loan was funded on June 24th and we wanted to have our payments at the beginning of the month. HSBC said we could if […]

CD in Minnesota said : “I worked for Beneficial Household Inc. for 8 years. I worked hard for them but they were never satisfied and because I would not do a lot of the things they required. They demoted me. They are the most corrupt people. Bill Aldinger is one of the […]