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  • Report:  #133896

Complaint Review: HSBC Auto Finance

HSBC Auto Finance ripoff San Diego California

  • Reported By:
    Bristol Pennsylvania
  • Submitted:
    Sun, March 06, 2005
  • Updated:
    Sat, March 12, 2005
  • HSBC Auto Finance
    5855 Copley Dr.
    San Diego, California
    U.S.A.
  • Phone:
    800-418-1888
  • Category:

This loan for my car was made at a high rate of interest because I had less then good credit. I have been paying on it for almost three years now. I purchase a 2000 Malibu and when I am done paying the loan I will have payed $19,500 for a used car.

When I call and ask if I can lower the interest payments or rewrite the loan I am told there are restrictions on this account but I am not allowed to know why. I pay $305 a month for this loan. If I ask if I can get any help with this loan I am told no you must pay as agreeded. I believe I payed to much for this car and I like to know why I have restrictions that say I cannot reduce interest or rewrite the loan.

Linda m.
Bristol, Pennsylvania
U.S.A.

1 Updates & Rebuttals


William

Pleasant Hill,
Missouri,
U.S.A.

What you can do

#2Consumer Suggestion

Sat, March 12, 2005

Here is what I have done. I went online to the Missouri Attorney Generals office and filed a complaint on this company. I have had my loan for 3 and 1/2 years now, never late once and they refuse to refinance me at a lower rate. Excuse after excuse is all I get. They get you locked in at the high rate and dont want to change it. File a complaint on the company with your Attorney Generals Office. I am hoping enough complaints will come in that they do something about the company.

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