W. J. says this about HSBC Direct Merchants Bank: “I am a typical victim of this HSBC Direct Merchant scandal. With a court order, it can be proven they did something seriously illegal and broke their promise. Long story short, I did something to the checking account I set up online to make payment to them. They eventually deleted the checking account information without my knowledge. That way, they caused a late payment and raised APR promptly. I spoke to a representative, he promised over the phone the APR would be restored to promo level. I did not notice they had been actually charging me based on bloated APR until about 5 months later. I paid off everything except the financial charges based on the high APR. They have been using the dirtiest harassing and FUD techniques.
I am now devoted to any course that will bring HSBC Direct Merchant to its justice, through any means (Comptroller, FDIC, individual lawsuits, class action lawsuits and many others). I would like to see a day in the near future that will catch national attention about this scandal and the authority will deeply investigate its history (fed and local governments, congressmen, senators), shut them down and bring to responsible individuals to criminal charges. Please let me know what I can contribute. I am starting my personal efforts to explore different possibilities.”
Editor’s note: Metris became a wholly-owned subsidiary of HSBC Finance. … issues credit cards through Direct Merchants Credit Card Bank, N.A… HSBC Finance Corp was Household International.