KS in Colorado said: “HSBC Retail Services aka Yamaha Credit Card Account… We financed $5000 and have paid them close to $10,000. They are deceptive and charge you for everything. Our account now has a credit amount and they will only send the check if you call and request it. And it must be the person that opened the account that calls.”

Editor’s Note: This is not a unique complaint. There are many posts throughout Lender Watch relative to Yamaha financing by HSBC Retail Services. We recommend our Super-Search if you want to learn more. But for now it is safe to say that credit card reform was badly needed. Reforms happened in 2011, but abuses dating back to 2003 are evident.

It’s also safe to say that charging a vehicle on a daily-interest credit card is bad enough, but when HSBC changes the due date, billing cycle, or just doesn’t mail you a bill it compounds the problem. HSBC’s answer when the economy went bad? Sell their acocunts and leave the United States. Nice going, aye? “The World’s local bank” is only so if they can dodge the law or sit right on the legal edge of the law.