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 […]

SK in Kentucky said: “Here is a copy of our 5th and most recent letter we sent last week to Beneficial/HSBC. We got the wording from another watchdog site and the HUD website:

Dear Beneficial/HSBC;
This is a “Qualified Written Request” under Section 6 of the Real Estate Settlement Procedures Act (RESPA). We are writing to […]

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 […]

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 […]

JH said: “I have had HSBC Visa for several years, never really used it much. I also don’t get any statements from them, just an email notice when “payment is due”. Usually with zero balance, and for many months. I happened to look at my account and found $250.00 balance! […]