RM said this about HSBC credit cards: “Looks like Black November for HSBC card holders. On Nov 13 2008 I also received a change of terms stating that my rate was going to increase from 8.24 to 14.99 effective Jan 2009. I have never been late on a payment on any debt in […]
MS in Nevada said: “Out of fear that my deposits were not insured I opened an online account with HSBC and funded it with tens of thousands of dollars. I never received promised username and password to get into their online banking site — still don’t have them after more than six weeks. […]
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 […]
JY in California said: “My credit is horrible and I needed a new TV. Best Buy (HSBC) agreed to give me a $500 limit so I could get one. They gave me the option of up to 4 or 5 years to pay. Because I wanted to start building my credit back up I […]
CJ in California said: “In the month of April 2008 my nightmare started with the HSBC banking company. I sent them a simple fax giving them very clear instructions which the morons could not follow my instructions as follows: “Please send me ten thousand pounds converted to US dollars from my visa […]
MG in New York sent this report: “Opened a checking account at an HSBC branch near Rochester, NY. I had not made any transactions on the account. Noticed a withdraw on a statement. Went to the branch where I opened the account. The teller printed the transaction, which was filled out incorrectly, signature definitely […]
RG in Arizona said: “Do not use HSBC for mortgages or refinancing unless you love to go through hell and lose money. I have investigations ongoing from state and federal agencies along with the better business bureau into the business practices of HSBC Bank, Mortgage Division. The complaint concerns two issues:
1.) Deceptively assuring customers […]
When people ask why there is a subprime crisis amid allegations of predatory lending this true report drvies home the real truth. We encourage the widest publication of this example.
JM in Ohio says: “In June of 1998 my wife and I bought our house for a little over $48,000. In October we […]
An open letter to HSBC, Knight Vinke and Stephen Green
We monitor customer trends for possible violations of Regulation Z and other possible illegal actions.
We use your individual HSBC complaints and merchant complaint reports to perform trend analysis.
We are not associated with HSBC, Household International, or their merchants.
Some items are used by permission granted in the Fair Use guidelines of the 1976 U.S. Copyright Act.
