CR in Tennessee said: “Another victim of HSBC (Suzuki). My granddaughter walked into our local Suzuki dealer in Alcoa, Tn., which is now out of the business(strange) and purchased a motorcycle which was labeled at about $8k. This loan was made to her even though she had hardly any credit history. The loan totaled out at about $11k and she started making payments of $100 per month! After 2 years, she still owed the total of the loan (not surprising). She is not able to make the payments now that they are substantially higher–however, even if she could make them, at least 75% would be interest–so this would turn into a 20 year deal for HSBC.
Read more HSBC Suzuki loan payments are primarily interest