HSBC Horror Stories

RV in Florida says: “HSBC continues to screw over its customers and the government is letting them get away with it. I am ready to file a class action lawsuit, anyone that cares to join me in this task please e-mail me. HSBC needs to be brought down to its knees. Hit them in the […]

HM in California sent this report on behalf of her diasbled friend: “This is sent for my disabled friend, currently being sued by HFC. She received an unsolicited check in the mail in 2006, cashed it and then got behind on the payments. She is mentally impaired due to a SEVERE head […]

MC in Tennessee reported: “I hope that you guys can help me. I am having a problem with HSBC Retail Services. I bought a Mitsubishi Big Screen TV and some audio equipment from a merchant on an 18 month “same as cash” plan which came due on June 9th, 2007 in the amount of […]

RS in North Carolina says: “HSBC is misreporting to the 3 major credit reporting agencies the date of charge off of an alleged debt. This violates the Fair Credit Reporting Act (FCRA). When HSBC was notified of their error instead of correcting it they retaliated by reporting an even more recent date thus affecting […]

We realize many complaints also ask, or mention, the possibility of lawsuits, retribution, or restitution.  Since Household International paid $484 million in the nation’s largest predatory lending settlement and HSBC also paid $11 million more as a settlement for shady credit card payment processing, one must ask why HSBC bought Household to begin with. 

Complaints reflect […]

NEW YORK – HSBC Finance Corp. said Thursday it will stop offering some tax refund loans, popular but controversial products that let taxpayers who expect refunds get their money early, but at a potentially high cost.

In a statement, the Prospect Heights, Illinois-based unit of HSBC Holdings Plc said it will discontinue “pre-season” and “pre-file” products beginning […]

More than 425 boxes of documents which may shed light on HSBC’s subprime woes of past and present were recently discovered gathering dust in a warehouse.They surfaced in a U.S. class-action lawsuit against HSBC Finance, formerly Household International, in which investors claim damages from its subprime lending practices. The lawsuit claims the company’s stock came […]

W. J. says this about HSBC Direct Merchants Bank:  “I am a typical victim of this HSBC Direct Merchant scandal. With a court order, it can be proven they did something seriously illegal and broke their promise. Long story short, I did something to the checking account I set up online to make payment to […]