- Report: #308722
Complaint Review: HSBC (Orchard Bank) - Salinas California
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Author Confirmed
Why?
HSBC (Orchard Bank)
P.O. Box 80084 Salinas, 93912 California, U.S.A.
Phone:
503-293-4037
Web:
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HSBCHSBC (Orchard Bank) Outrageous APR Salinas California
I have been a customer of HSBC bank for the last seven years. I have never missed a payment and have never been late for my payments. Few months ago and without any prior notice they raised my APR to 30%!! The company has refused to give me an explanation and has refused to adjust the ridiculous and outrageous rate. HSBC and its other affiliates such as Orchard Bank are a complete Ripoff.
Andre
Laguna Beach, California
U.S.A.
Andre
Laguna Beach, California
U.S.A.
3 Updates & Rebuttals
Julie
Guthrie,Oklahoma,
U.S.A.
Think about it
#2Consumer Suggestion
Thu, February 14, 2008
No one NEEDS a credit card. If you are using a credit card for normal every day things, then you are in serious financial trouble. If you are using it to eat out, buy electronics, etc., again, you do not NEED those things. I am not saying your credit score is not important. I am saying, though, that you can learn to live without a credit card. The OP lived without this one before he got it. How did he manage then??? You do. People do. It sucks to do without, but that is the smart choice.
Karen
Wilkes Barre,Pennsylvania,
U.S.A.
Agree with writer-Disagree with Julie
#3Consumer Comment
Thu, February 14, 2008
First of all, I would like to say to Julie that if you are able to pay cash for everything, you are very fortunate. However, you can have a situation like my Dad...He always paid cash and then when he needed a loan for a new car he had a problem because he had no credit established. There are both pros and cons to every story. Secondly to the writer, I agree about the outrageous rates we are being charged for these credit cards. As people with not so perfect credit, and hoping to repair their credit, this bank knows that they are our only alternative if we want to get a credit card and they use that fact against us. The percentage rates are going down, but the rate on our cards doesn't reflect this. Personally I think that without intervention from the federal gov't and some bills passed putting restrictions on places like Orchard Bank, we are never going to see an end to this ripoff practice practiced by them.
Julie
Guthrie,Oklahoma,
U.S.A.
Just a thought
#4Consumer Suggestion
Thu, February 14, 2008
Just a thought here.... Pay cash. Then you won't have this problem. You might think you need credit cards/loans, but you can live without them.
