HSBC Horror Stories

JS in Maryland asks: “I sent a detailed letter concerning Household Finance to the Office of Thrift Management in Washington DC who forwarded to the “Commissioner of Finance Regulation, Complaint Unit” in Baltimore back on November 04,2008. The Finance Regulation Department says they never received it! Our attorney tells […]

Up until October 2004, my husband had steady employment as an aeronautical Engineer In early 2004 we refinanced with Beneficial Finance. Days after refinancing my husband was forced into early retirement.This also happened after hubby’s 401K plan through his employer lost 3/4 of its value. We lived carefully on a 401K plan that was […]

JF in Virginia said:
“Back when we were desperate to refinance because we had a hardship we decided since we had a loan with Beneficial (subsidairy for HSBC) we would go with them again. At the time were facing foreclosure possibly and had late fees that we were getting behind in. So I called […]

Ds in Pennsylvania said: “I am suing HSBC for $7.8 million for wrongful foreclosure and all the violations that go with it. I have requested proof of ownership (note) along with many forms mandated by the banking commission. Also I have requested exact proof of any binding contract between HSBC and myself in which […]

ST in Illinois said: “A family of five is about to lose their home - three children under the age of 10 plus a Disabled Veteran! We began in January 2007 to let HSBC know that we needed to refinance our mortgage. By the time my husband was no longer able to […]

DW in Iowa said: “We are in forclosure with HSBC. They will take our house next month if we don’t come up with $25,000.00. HSBC wouldn’t even work with us on a hardship case except to raise our payments and start adding late fees. They really don’t want to work with people.”

LS in New York said: “We were conned into a refinance and harrassed when pyments were late even after I tried to explain the finacial instability. Here is the best part: we have not made a payment since February 2008 and we have not received the NOD!(notice of default)! HSBC did not accept […]

DW in Iowa said: “We will be losing our house in a couple of weeks to HSBC. To sum it up. I had to give up my job. HSBC who says that they are willing to work with people refused our hardship case. Turned around raised our mortgage payments and then refused […]