HSBC Auto future unclear but complaints abound
Rumors abound about HSBC and HSBC Auto Finance, a subsidiary of HSBC Finance. This is another division that was part of Household International, and thus called HSBC Auto. The main complaint about HSBC Auto concerns lien releases, or the lack of them. It was a problem when Household International owned the company, and we continue to receive complaints about lien releases. If a customer cannot count on selling the vehicle it does present a problem. HSBC will not confirm or deny plans to sell HSBC Auto. HSBC Holdings PLC could exit all or parts of its $13 billion auto-finance business, the Wall Street Journal said.
To see typical complaints about HSBC auto see our category for Auto Loan Issues at Household - HSBC Watch.
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