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Suzuki loan slick and shady tactics explained

CM in Rhode Island said: “I purchased a ATV in 2006 from Suzuki, I have always paid on time. Everything seemed to be going good, until this year, 2008. HSBC was sending the bills at much later dates than usual. This made me have fewer days to send it out. I would get […]

HSBC takes Harley motorcycle for 10 year old loan

BK in Michigan said: “My husband had a old loan from Household. We defaulted on it. The loan was 10 years old. Just this Monday, the 29th of December 2008, without any court notice HSBC came and took our 2007 Harley motorcyle as property for this loan. HSBC […]

Unfortunate HSBC foreclosure in Maryland ends the good fight

JS in Maryland said: “The saga ends with the Financial Regulation Office finding HSBC did not violate any laws. The big guys won. Does that surprize anyone? Foreclosure is on January 9th, and there is no way HSBC will get come out even or ahead. If they sell the house and get […]

HSBC mortgage modification comes with strings attached

PG in Florida said: “I am a disabled Veteran, and HFC has been sucking our blood for so long that I can not bleed anymore. Like the rest of honest folks out there, you work to the bones and aquired the American dreams so the greedy banks can squander billions and give us grief. […]

Perfect credit but GM Card limit lowered to $300

JM in Illinois said: “I have had a GM Card for over 10 years. I’ve never made a late payment. My credit is excellent. My account is active, i.e. I have current charges on my GM Card to be paid in January 2009. My credit limit during all that time has been $3,500 which […]

Had HSBC account for 15 years, closed for inactivity

DJ in Minnesota said: “I had an HSBC account for 15 years, never made a late payment SO they closed it for “inactivity”. This puts a huge hole in my credit report. I paid off the $10,000 balance exactly 1 year before they closed it. This was my oldest account and […]

HSBC claims opt out letter received too late

TT in Virginia said: “I have had three cards with HSBC for several years. I have always paid on time and always pay over the minimum. I received what appeared to be junk mail (it didn’t say where it was from nor was it dated) and almost threw it away. When I read it […]

GM Card at 30 percent, closed account instead

KC in Vermont said: “Like many others, I found my GM Card interest rate hiked up to over 30% by HSBC. It was either because I had gone over my credit limit (once only) or because they just found an excuse by checking my credit (which was the official explanation). The one […]