PA in Oregon said: “I have had 3 credit cards with HSBC all of which are in excellant standing. One day they all magically increased my interest rate substantially. Then the real SCAM WAS ABOUT TO HIT and i was not prepared.
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.
MM in North Carolina said: “Sometime during 1999 and 2000, I applied for Seamans furniture credit. Upon approval, Seamans also offered the option for credit protection. I accepted both the credit and the option for payment protection on the account. The protection plan option was initialed via Seamans internet website and subsequent paperwork received.
Do you want a Best Buy credit card? Will you shop at Best Buy this holiday season? Perhaps you should think again. Many customers say or think “This will ever happen to me.” Many customers are wrong.
SA in New York said: “My account was overdrawn at the beginning of October by $19. HSBC charged my account an overdraft fee of $35. The account was overdrawn on September 30, 2009. I received a notice of the $35 charge ten days later by mail (October 10, 2009).