HSBC Watch News Release Forum Index
Forum Name: - Opinions
Topic Title: Copy of Letter to Household - HSBC
Wed Feb 23, 2005 2:52 am
The reason the error was never corrected by Household is because it was not an error. They INTENDED to cheat you from Day 1. I am now writing every one of my legislatures, Oprah, all news channels and emailing every one I know and I am asking them to email everyone they know. We can get the word out to the public. We have a voice via internet and email. Also check at the bottom of householdwatch and you will see a list of stores where Household carries their paper. Call or go see these companies and tell them you will not do business with them because of Household. And then never do business with one of those companies again. Household has 20 million clients in the US alone. If they cheat 1% of them out of $20 a month, Household takes in $20 Million MONTHLY that they have stolen from people. And from what I can see, they cheat 100% of the people they do business with. That is 2 BILLION DOLLARS A MONTH. No wonder they think they are God.
I am so proud of you for holding your position.
Fri Jun 03, 2005 4:00 pm
Its called a typical rate you silly people. You only get that rate if you pass all the credit scoring, which banks are not legally allowed to do on you until you apply for the card they have offered. Its risk based pricing. All banks do that, or are you all so oblivous you dont realise it?
Fri Jun 03, 2005 4:40 pm
vicky wrote:
Its called a typical rate you silly people. You only get that rate if you pass all the credit scoring, which banks are not legally allowed to do on you until you apply for the card they have offered. Its risk based pricing. All banks do that, or are you all so oblivous you dont realise it?
No, all banks don't do it.
I've applied for cards with the limited introductory rate as described by the original poster, and received the lower rate. A 6 month, 0% introductory rate is chump change to the reputable banks. They will usually grant and honor the introductory rate and terms unless the customer defaults.
There is a big difference between 0% for six months followed by a standard 14.99% and the 17.99% from the onset. That reeks of a truth in advertising violation or the old bait and switch on the part of Household/HSBC. If the application is based on the introductory rate, then any changes should have been included in the disclosure terms received when the card is issued. To force a person to apply to make the purchase, believing the introductory rate to be 0%, and not disclose the terms until after the account is used is fraudulent. If their intent is to find consumers that keep and use the accountss, they won't score any loyalty points by such deceptive practices.
I have never had a problem with Chase, CITI, GECF, or MBNA. I always received my statements from them, my payments process within 5 days of being mailed, and when I have a question for customer service, I get informed, helpful representatives. I shop for the best rate and most reliable credit issuer.
I will never use Household/HSBC (knowingly) again for any credit source. I can research the credit provider prior to applying for credit and charging the purchase. The only thing I can not control is whether one of my mortgages is sold to Household/HSBC. If that happens, you can bet I will watch them like a hawk, keep all my original records, and start shopping for a new mortgage or sell the property.
Sun Jun 26, 2005 6:35 am
There are several places you can go for help.
Federal Trade Commission www.ftc.gov
Tom Carter, Texas District Attorney who brought initial case against URS two years ago and won. 214.979.9372.
National Association of Consumer Advocates www.naca.net. (In Florida, Don Yarbrough.
The more you have documented the more it will help you.
Good Luck.
Sun Aug 14, 2005 12:46 pm
mikeisdabest1@aol.com wrote:
If any one can give me an address to their collections department I would greatly appreciate it. I face loosing my job because of them, but I have a way to beat them if I can get an address. Any help out there??
We monitor customer trends for possible violations of Regulation Z and other possible illegal actions.