HSBC Horror Stories

Our editors decided to publish the following information: “My name is Sean McGrew, and I’m a Legal Assistant to attorney Dan Bryden, with the law offices of Sprenger + Lang. We are conducting an investigation of Best Buy and HSBC’s “Account Shield” debt cancellation program. In the past, persons have posted on this blog […]

SD in Washington said: “Orchard Bank credit insurance consumer rip-off. I was high pressure sold this insurance when I got my master and visa cards last May. After getting approved for SSDI in record time, 6 months, I applied for debt cancellation. After going to 2 doctors, filling out several forms and […]

CC in Ohio said: “Ok WOW, I am one of those many with the same problem with this Best Buy HSBC debt cancellation, What a scam, I cannot believe something has not been done, talk about a real thief. I am single and work hard for what I have only to have a legal […]

KF in FLorida said: “My husband and i purchased a Plasma TV from Best Buy using 2 methods: An HSBC account and a HSBC Mastercard account (as listed as # 2 in one of your reports) at Christmas time 2008. We have since consolidated some C.C.’s and HSBC was one of them. The […]

MM in California said: “I received a phone call touting the debt cancellation service. I agreed to review the service with the right to cancel and get a refund. I reviewed the material, signed the form saying I did not want the service, and mailed it back. They did not cancel or refund […]

DW in Illinois said: “I purchased a TV from Best Buy 18 months ago, interest-free. I have had such promo deals many times before with other companies. I never sign up for any kind of credit life insurance, debt cancellation of any kind. After four months I realized the balance was […]

AD in Michigan said: “We purchased furniture at Art Van and we were told that it was for 18 months interest free. We were led to believe that the interest started at the end of the 18 months. Well we bought $4,750.00 worth of furniture and we were very surprised when our first bill showed […]

TH in Michigan said: “When you’re making a large purchase and signing up for Best Buy’s ‘no interest’ plan, DO NOT SIGN UP FOR THE ACCOUNT SHIELD PROTECTION!

During the application process, you sign your name a lot of times. I recall stopping to ask about the “optional” Account Shield Protection and the BB […]