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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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Posts Tagged ‘ predatory ’

6 December
Posted in Foreclosure Issues
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A tale of HSBC loan modification in Ohio

GF in Ohio said: “YOU WILL NOT BELIEVE WHAT HSBC IS DOING TO MY WIFE AND I Documentation of HSBC Predatory Lending, Deceptive Business and Unfair Debt Collection Practices To Whom it May Concern, I had an impeccable credit rating and cash reserves. After the downturn and investing in my [...]

6 December
Posted in Opinion
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HSBC rated absolute worst credit card company

MC in California said: “HSBC is the absolute worst company you can do business with. If you are really hard up, pay your nickel and take your chances. If not, steer clear of the most unethical and and consumer predatory credit card company that exists.”

16 November
Posted in Foreclosure Issues
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HSBC only does 6 month loan modifications

TT in California said: “Predatory mortgage lending rate 8.8%. HSBC will not do a permanent loan modification and only does short 6-month modifications so they wait for the market to come back, raise the rate again, and sell the home in foreclosure.” Editor’s Note: HSBC claims to have a 6-month [...]

22 October
Posted in Foreclosure Issues
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HSBC trustee for Wells Fargo 1999 Norwest Trust

RR in Wisconsin said: “Foreclosure filed 2/9/09, HSBC as Trustee for Wells Fargo Asset Securities Corp, Wells Fargo Home Equity Asset-Backed Certificates 2005-2, loan shows as asset to Wells Fargo 1999 Trust (Formerly Norwest Asset Securities Corp). Never recorded other than in the name of Wells Fargo Home Mortgage. Foreclosed [...]

22 October
Posted in Payment Issues
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Senior citizen says HSBC robs and steals daily, predator

GB in California said: “Just for the record. I am a senior citizen, living on a very fix income. I have a college education. My payment was due on the 8th. I send it in electronically on the 2nd. HSBC didn’t post it until the 10th. Then charged a $39 [...]