Household HSBC Watch

What happens if your HSBC credit card payment check bounces? Head of Credit Cards and Retail Assets, HSBC, Puneet Chaddha says,“If he goes beyond the due date, he becomes a delinquent case and it increases his risk profile. Beyond the due date, all the concerned charges will be applicable.” That means, you would pay a fee for a bounced cheque plus a late payment fee and also a monthly interest on the outstanding amount.

“They don’t say what happens if there is an error on their part, such as failing to credit your payment in a timely manner, failing to send you your statement, and some other favorite predatory techniques used in the United States by HSBC Finance Corporation” said Household - HSBC Watch consumer advocates.