Add Me!Close Menu Navigation

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

Add Me!Open Categories Menu

HSBC towed car instead of debiting funds for car payment

GP in Florida said: “My daughter paid some payments over the phone for an auto loan she was behind in, and was told everything was fine, but for some reason HSBC never withdrew the funds from the account. While she was waiting on HSBC to withdraw the funds, HSBC had her car towed.

Since they are closed on Saturday, (today) she will have to wait until Monday to even try to straighten this mess out. Even though what HSBC did was completely wrong, the towing people said it was legal. Even the people that towed the car did not disagree that what HSBC was wrong, but that does not help this case much.

By the grace of God, maybe the whole mess can be straightened out, but in the meantime her car is in storage, and she may have to pay towing costs, etc.

I am sure HSBC has an army of lawyers so that they will always be right, but at least I got this off of my chest.”

Posted By Timothy Blake

HSBC Watch is a watchdog and consumer activist coalition.

Comments are closed.

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