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HSBC is cutting back in the U.S. after its 2003 purchase of Household International Inc. required it to set aside more than $65 billion for bad loans

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Best Buy late fees not removed as told by HSBC

IM in Georgia said: “Best Buy account, 2 days I had a two day late payment in January 2008. I was attached late fees for 3 mos. after being told they would be removed. I had $39.00 month fees for 4 mos. before I realized it. I was reported to the credit bureau. I have been with this account for years, no one will listen and say I am wrong. The company says I should be monitoring my account everyday online when the whole point is I was told these fees would be removed and was penalized unfairly because of these late fees and my credit score has dropped 55 points. Please let me know who I might contact.”

Posted By Timothy Blake

HSBC Watch is a watchdog and consumer activist coalition.

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UPDATE NOTE: HSBC car loans were sold to Santander USA in 2010 :: Most HSBC credit cards became Capital One credit cards in 2012 :: HSBC horrible predatory home mortgages are in run-off