HSBC Horror Stories

JM in Florida said: “Applied for HSBC line of credit 0% credit card for one year no interest. Wrote to them for the application and the deal was for only 6 months. Decided they were going to be bad business partners so I ditched them just as I have other bad biz partners Citicard, […]

JM in Illinois said: “I have had a GM Card for over 10 years. I’ve never made a late payment. My credit is excellent. My account is active, i.e. I have current charges on my GM Card to be paid in January 2009. My credit limit during all that time has been $3,500 which […]

JM in Indiana said: “I sent in a payment of $45,000 that was rejected because only certified funds are accepted for payoffs. This was not a payoff - only a payment on principal. HSBC said that it should have been sent to a different address than the normal monthly payment; More than 20 days […]

JM in California said: “I had an HFC individual personal loan in the amount of $5,075. This loan was originated September 2000 with a term of 60 months (5 years) at a payment rate of $160.81. An HFC Account Summary dated 04-23-2005 reflects a standard payment due, a past due amount of […]

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 […]

JM in Utah asks: “Question. Has any individual ever won a lawsuit against HSBC for a bad mortgage loan?”

JM in Virginia said: “I bought a powerwasher at Northern Tool and Supply. I am trying to get my business off the ground. I am paying my payments on time, like 1 week in advance, so I go online to pay but instead of paying regular it’s like they just leave the […]