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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 ‘ UBS ’

24 April
Posted in Rate Increases
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HSBC customer says bankruptcy is better than HSBC theft

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. HSBC has DOUBLED MY INTEREST RATE AND GONE [...]

12 April
Posted in Auto Loan Issues
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HSBC Suzuki loan payments are primarily interest

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 [...]

4 January
Posted in Insurance Issues
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HSBC protection plan demands national fraud investigation

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 [...]

7 December

Do you want a Best Buy card? Think Again says this report

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. Compared to other merchants who use HSBC for credit card financing Best Buy [...]

6 December
Posted in Service Issues
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HSBC checking account has $350 in overdraft fees

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). At [...]