HSBC Horror Stories

CD in Minnesota said : “I worked for Beneficial Household Inc. for 8 years. I worked hard for them but they were never satisfied and because I would not do a lot of the things they required. They demoted me. They are the most corrupt people. Bill Aldinger is one of the […]

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 […]

CT in California said: “Purchased a refrigerator about one year ago with the differed interest plan and made monthly payments. Somehow on my July 08 invoice, I missed an alert that said: ‘To avoid deferred finance charges, pay your promotion payoff of $ by xx/xx/…’

Well, I did not pay the payoff amount […]

DR in Virginia said: ” I have worked for HSBC Finance/Household Finance/Beneficial Finance for some time now. I have managed multiple Branch Offices and shared great success as an employee of this Company. In the time I have been with the Company, I have had first hand accounts that the culture in […]

SS in Ohio said: “HSBC??? I will do my homework about them from now on. I will NEVER do any business with them or any of their affiliates ever again. We suffered a hardship and tried working with them to save our home and for the first few months we got nowhere because we […]

This was received from New York state and is the opinion of the person who submitted it, who shall remain anonymous: “D9 abuses from a former Presidents Council employee.
1. Stated income equals FAKE income. An unfortunate truth was that 90% of all loans written using this partial stated income program was false. Daniel […]

WM in Ohio said: “In response to: Employment tribunal hears from HSBC former employee in London…
HSBC is a boys club certainly. I heard in one branch they only gave the females the loans the males couldn’t get… “leftovers”. I don’t have that problem in my branch because we haven’t had a female […]

An Ohio resident said: “One thing that keeps bothering me in a lot of posts is that they keep referring to Household. HSBC now is the owner and now is responsible for its own actions. HSBC is the troubled lender and from what I read on here, they seem just as bad […]