This menu shows you other areas of this website and various areas of interest. It is a quick locator.
You are currently in a library. This takes you to the top level of Household - HSBC Watch consumer advocates and watchdogs
This takes you to the complaints library and all recent complaints about HSBC, HFC, Beneficial Finance, and their merchants since 2007
Monitor the latest news about HSBC Plc, HSBC USA, the bank and HSBC Finance Corp from around the world in this watchdog area
See articles, stories, and complaints about HSBC and Household International since 2005 in this interactive library
Submit your complaint to our watchdogs. We perform trend analysis and need your help. Complaints are noted by type and processed
Get help with this one-click form just by entering your zip code in this form. You can even contact the media
You're browsing: Archived News » 2007 HSBC » Article Title: With cheap money why is HSBC raising credit card rates?

We wonder why HSBC is raising credit card interest rates for some customers. No information is given, other than “it was a business decision.” Others call it predatory lending - a term that HSBC Finance (formerly Household International) is very familiar with. The federal government lowered the interest rates to a point that inflation is substantially higher than what you get saving the cash. Banks and brokers are reaping the benefits of cheap money, yet HSBC is raising credit card interest rates and raking up large profits. We wonder why no one at the federal level ever questioned HSBC and HSBC Finance about this.

Related posts:

  1. Credit card rates increase to 50 percent
  2. Congress Scolds Credit Card Issuers
  3. A look at HSBC credit card CDO’s
  4. Record Late Credit Card Payments Hit HSBC Hard
  5. HSBC wants to raise your credit card rate to 30 percent

   Digg   Del.icio.us   StumbleUpon   Reddit   RSS  

Find specific results on any of our sites: Category: 2007 HSBC
You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
3 Responses
  1. [...] With cheap money why is HSBC raising credit card rates? We wonder why HSBC is raising credit card interest rates for some customers. No information is given, other than “it was a business decision… [...]

  2. [...] cheap money why is HSBC raising credit card rates? With cheap money why is HSBC raising credit card rates? We wonder why HSBC is raising credit card interest rates for some customers. No information isgiven, other than “it was a business decision.” Others call it predatory lending - a term that HSBC Finance (formerly Household International) is very familiar with. The federal government lowe… [...]

  3. [...] With cheap money why is HSBC raising credit card rates? With cheap money why is HSBC raising credit card rates? We wonder why HSBC is raising credit card interest rates for some customers. No information is given, other than “it was a business decision.” Others call it predatory lending - a term that HSBC Finance (formerly Household International) is very familiar with. The federal government lowe… Read the full post from Household HSBC Watch Tags: 2007 HSBC via Blogdigger blog search for credit+cards. [...]

Leave a Reply

You must be logged in to post a comment.