HSBC Horror Stories

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 […]

RH in Georgia said: “I closed a couple of accounts with ING recently to open accounts with another bank… My experience ..What a nightmare it has been trying to open an account at HSBC, “The friendly internet bank” I have spent 5 or 6 hours on the telephone.. 7 or 8 emails later they […]

TT in Georgia said: “All started when I signed up for a “Northern Tool” account due to a significant discount on a large purchase. The 1 year same as cash deal was fine and the full payment was received on time.

Later I had to put a small purchase on the charge card since […]

BM in Washington said: “My son has an account with Guitar Center. Three payments mailed to GC at the same time as other payments were processed by GC more than 10 days after the others mailed on the same date. We were charged a late fee for those three, although it is […]

LS in Missouri said: “I just printed off my husband’s and my credit reports from transunion yesterday. There is one account with HSBC Rhodes for me and one jointly with my husband. I have no idea what these are and the phone number has been disconnected. Does anyone know how to contact them? They […]

AS in Himachal India said: “I am a HSBC Premier customer, had requested for activating my internet banking on 6 December 2007, which in turn will stop sending my monthly statements to home and I should receive the security device for same with in 4-5 working days, but after so many queries and calling […]

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 […]

SP in China says: “I have banked with HSBC and never found a bank that is more rigid in their policy as this company. Situation: I do all banking via internet, but for some reason the system locked me out. Called to unlock the account and they said that they cannot unlock […]