HSBC Watch News Release Forum Index
Forum Name: - Horror Stories
Topic Title: Good Guys Scam Needs to be Shut Down
Wed Mar 16, 2005 12:57 am
Purchased speakers from a Good Guys dealer for 0% Interest and made regular payments electronically. Purchased a big screen TV a year later but never received the first bill with the new amount. Second bill came with late fees and new 22.4% interest rate. Obviously this is a scam that needs to be shut down!
Wed Mar 16, 2005 1:04 am
WV in California wrote:
Purchased speakers from a Good Guys dealer for 0% Interest and made regular payments electronically. Purchased a big screen TV a year later but never received the first bill with the new amount. Second bill came with late fees and new 22.4% interest rate. Obviously this is a scam that needs to be shut down!
Thanks for your report. It's not like you opened a new account and they didn't have your mailing address. You are right - something about this scam looks fishy. Please take the time to file an OCC complaint online at their website, and perhaps an FTC complaint, and give your attorney general copies of both complaints.
We monitor customer trends for possible violations of Regulation Z and other possible illegal actions.