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HSBC mortgage errors alleged in Florida

LL in Florida said: “I’m currently going to court for the second round with HSBC mortgage services. They are crooks in the mortgage world crying out they were taken advantage of by being sold faulty mortgages, BS, they are greedy and unethical. My mortgage payments were held and not posted until they […]

PA homeowner says HSBC loan modification is a scam

MJ in Pennsylvania said: “HSBC, just say no. I’ve had nothing but problems with my mortgage through HSBC/Beneficial from day one. I was forced to file bankruptcy in August 2003 because not one person offered me a hardship when I laid off from work. My problem was not credit card debt but the […]

HSBC Zero percent interest - my butt, says Best Buy customer

RD in Iowa said: “Started seeing “Debt Cancellation” charges on my Best Buy Statement. I NEVER sign up for credit insurance. The customer service rep, an employee of HSBC, said that I had. I didn’t put up a fight, just had them cancel the coverage. Zero Percent Interest, my butt.”

Editor’s […]

Suprime loan given to prime borrower by HSBC

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 […]

HSBC Account Secure plan fails to pay insurance

KK in Minnesota said: “I signed up for Account Secure Plus when a I got an HSBC credit card about 2 years ago. They charged me $6.93 a month. It was supposed to make my credit card payments if I ever lost my job for various reasons. I was laid off in April and […]

False HSBC charges add to Best Buy account balance

KF in FLorida said: “My husband and i purchased a Plasma TV from Best Buy using 2 methods: An HSBC account and a HSBC Mastercard account (as listed as # 2 in one of your reports) at Christmas time 2008. We have since consolidated some C.C.’s and HSBC was one of them. The […]

Home burns down and HSBC charges interest on paid off account

BV in Lousianna said: “HSBC mortgage screwing HSBC Insurance and me. I borrowed money on my home that was paid for and took out the RELI insurance at the urging of my loan officer. My home burned down on Jan.3rd 2008. Insurance policy stated if damaged you had to start repairs in 90 […]

Consumers hear and think what benefits them, one says

BCS in North Carolina said: “1. Prepayment penalties are written into a mortgage note, and can not be waived. They are part of a legal document. Even if a loan is sold, the note remains the same. There is no magic wand that makes it go away.

2. When the consumer can not prove […]