HSBC Watch News Release Forum Index
Forum Name: - Opinion
Topic Title: GE loan transferred to HSBC
Fri Nov 19, 2004 12:09 pm
There is something fishy with a GE loan transferred to HSBC. Please notify me of any other action to be taken against them.
Fri Nov 19, 2004 12:12 pm
KH In North Carolina wrote:
There is something fishy with a GE loan transferred to HSBC. Please notify me of any other action to be taken against them.
They took over a loan we had and with another lender. The first statement they sent us showed an outstanding balance. I have tried for 4 months to get my account cleaned up with them. I finally filed a complaint against them with the Federal Trade Commission and when I told a rep with HSBC that, she said "why, because you don't know where you send your payments?"
These people are ridiculous.
Mon Nov 22, 2004 5:45 pm
Hi,
I have had problems with my account transfered from GE as well. The balance an payments were too high. The account is currently in "dispute" with GE. I will be checking again at the begining of next week. Supposedly, it will be out of dispute by then. I am not the only one. The lady in charge there said 'this is a big problem, its turned into a major project, this has happened to lots of people'. I will get back to this forum when I know more.
Z-dna in california
Mon Nov 22, 2004 8:38 pm
I am sick of this company, they never sent me anything!!!!!!!! then I get a bill 4 months after they assumed a loan on a ge account for a suzuki 4 wheeler...threating repo!!!!!! ok so I paid no big deal right??? wrong!!!!!!! " we will send you statements monthly, it is all worked out." another 2 months go by....HABIB on the phone wants a payment so check by phone no prob, they took the money from my account asap now I have another statement 19 days later saying no payment has been recieved, the phone system shows the credit but not the statement!!!!! I HATE THIS COMPANY
tad from Texas
Wed Nov 24, 2004 12:39 pm
Hello,
I too had a loan with GE Capital. My loan was also bought out & taken over by household. I received a letter in the mail in may of 2004 saying to destroy my ge coupon books for my 2 suzuki 4wheelers as they would be sending me statements. I never got a statement until august, and by then, I was in default of my loan. They are currently claiming that I have not paid all year, which is not true. I received another letter letting me know what my current balances are on each loan. they are more than the interest + cost of the 4 wheelers 2 years ago! If I were to go by there figures, I would to never have made a payment on my loans in 2 years! I think I am also going to complain to the fcc. They also called me up and told me they were going to repo them. I told them to go ahead, for that price, they can keep them. THey haven't called or come by yet and it's been 4 months.
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