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 […]

ES in North Carolina reports this problem: “Please explain how HSBC can mail me documents showing my mortgage with them 11/1995 when I have my mortgage papers from SAXON & Meriteck showing my mortgage was paid off in 1997? I also received HUD papers (detailed) from HSBC/HFC Mortgage with my signature forged dated 11/1995. What […]

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 […]

KS sent this report: “I worked for HFC/Beneficial for 3 years. We all know the management are goofs, and the President (Detelich) is the biggest goof of all. I read about the customer relations issue, and must say that what was reported is not all-truthful. The branch people are not allowed to handle customer […]

RP in Florida asks: “I have been with HSBC for 2 years and never was late on paying my bills, I get a letter that due to my credit score they are raising my percentage rate up to 29.49%. How can they change it so drastically and get away with this and how can […]

While HSBC Finance - formerly Household International - runs wild and partially unregulated in the United States HSBC said it has not participated in talks in the United States. HSBC already took more than $10 Billion in markdowns for losses. Is there any feeling of corporate responsibility? Remember if you will that […]

VV in Michigan said: “I have been having major issues with Household for 5 years now. Starting out with them refusing to send a reaffirmation letter after my discharged bankruptcy, to applying a mortgage payment to a credit card, to telling me they were going to foreclose. I sent them the $3000.00 this last […]

Is the U.S. mortgage industry a toxic problem that finally makes the United States a second-rate county that is one step closer to becoming a third-world nation? The U. S. Dollar is being replaced by the Euro as the international trade standard. Could our large national debt be part of the reason? Those […]