9 day tax advance was costly
One lawsuit that is still active against H&R Block and HSBC (formerly predatory lender Household International) was filed in 1998 by a New York plaintiff, Lynne Carnegie, who claimed she paid $110 for a nine-day advance on a $500 refund.
“Predatory lending is clearly defined by this case” said watchdog organization Household - HSBC Watch. “Block and Household took her money and never blinked. Household, now part of HSBC, also foreclosed on Madie Wilson, 89 years old, and never blinked. They also back your Best Buy and Levitz credit cards, and credit cards for over 60 other merchants” said the group.
Update: After many years this suit was settled on November 8, 2006. It is featured on our rackteering page. Final court approval of this case can be seen here.
Thinking of making a debt settlement offer? See common settlement scams and rip-offs firstRelated Posts
- Carnegie vs. Household as HSBC Takes Taxpayer's Savings
- HSBC Beneficial Refund Lending Settlement For 1994 - 1996
- Carnegie vs Household queries first seen as HSBC anomaly
- HSBC Household Bank Binding Arbitration Clause
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