An Ohio resident said: “To all HSBC customers with credit lines. Be careful of the credit line reduction, make sure you have no outstanding checks as this will cause you to be over the new credit limit giving HSBC further reason to charge extra fees. When they reduce the credit limit that […]
RW in Florida said: “I had a lot of problems with HSBC and/or the other companies in HSBC crooked billing procedures. I am from London England and now live in Florida. I came to the point that I have had enough of HSBC and such. I solved all my problems with the crooked buggers […]
MR in Arizona said this informative copy of his long letter: September 13, 2008
Arizona Department of Financial Institutions and all in CC list.
2910 North 44th Street, Suite 310
Phoenix, Arizona 85018
RE: Loan number: (redacted) HFC-HSBC
• Predatory Lending Practices
• Misrepresentation of lending […]
SK in Kentucky said: “Here is a copy of our 5th and most recent letter we sent last week to Beneficial/HSBC. We got the wording from another watchdog site and the HUD website:
Dear Beneficial/HSBC;
This is a “Qualified Written Request” under Section 6 of the Real Estate Settlement Procedures Act (RESPA). We are writing to […]
RR in Texas said: “Having problems contacting HSBC in 2003 my account was late. After finally contacting them and paying my account in full I was told there would be no negative reporting on my credit report and that my account was going to be closed. That was 5 years ago and those […]
VL in New York sent this short but informative report that gives some insight into HSBC and FICO scores: “HSBC increased our rate to 32% when we have a credit score of 711 or 718 and not one missed payment.”
JR in Ohio writes: “I purchased a motorcycle for about $10,000. I paid about $4,000 down and financed the rest through a Suzuki installment loan, which is really sold by HSBC Retail Services.
I kept current on my payments, being sure to mail them in well in advance of the due date and confirm receipt […]
AG in Texas reports: “First, thank you for your great website! I’m an HSBC victim. I first received an HSBC account through a Suzuki dealer totaling $7000 + in early 2006 and then a second account at a Honda Dealer totaling $10000 + in mid 2006. HSBC makes it easy for consumers to fall into […]
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