Gary
Omaha,#2Consumer Suggestion
Tue, April 10, 2007
Write all public (elected officals) demand help ! That is they are get paid to do ! Comlain to every web site, like this flood HSBC with complaint letter, I'm looking to a class action suit, if know anyone tell then to email me Gary (((ROR REDACTED E-MAIL ADDRESS FOR SECURITY PURPOSES))) CLICK here to see why Rip-off Report, as a matter of policy, deleted either a phone number, link or e-mail address from this Report.
James
Alexandria,#3Author of original report
Tue, June 27, 2006
Please read the special spotlight story Household Watch is carrying about our plight. Please let others know about HSBC and their scams. The more we are informed, the more we can protect ourselves and others. The above site has been great to help us get our story out. This is not a plug for the site, but rather a plug for our story, and what we are doing to try and resolve it. I will keep everything updated here too. My letter writting campaign will start tomorrow. The main letter will go to HSBC Customer Service. I plan on including all documentation we have, and CC's to every other HSBC department I have addresses for, the CEO's of both HSBC, and Arrow Financial, the FTC, the FRC, state reps and AG's for Illinois and Virginia, and any other entity I can find an address for that might have one decent human in it, that will listen and help. I would hope that any previous employees of HSBC retail services might leave us anything we could use to help fight this very deceptive practice. CLICK here to see why Rip-off Report, as a matter of policy, deleted either a phone number, link or e-mail address from this Report.
James
Alexandria,#4Author of original report
Tue, June 27, 2006
I called back as instructed yesterday. I got a hold of the person that was reviewing my wife's records. She said management was reviewing it, and would contact me. No idea when though. I will give them the same daily curtisy calls they gave us, until this is resolved. The lady did for the first time, give us an ammount she said the check should have been written for. The amount was for $32 more than we wrote the check. She said this was for additional charges and fees that were on the acocunt. I told her we had charged nothing else. She said correct, not since 2003. So I asked how there could be additional charges. The answer was very confusing. As every other conversation I have had with them has been. I told her I wanted management to call me because I wanted to get this resolved. I told her thanks for all her help, she has given me more information than anyone else ever has, yet I wanted to speak with someone that can make decisions. After I hung up, I got to reading the invoice again. I noticed the $32 was the monthly minimum charge. I also, for about the 30th time, read all the fine print under the payoff alert area on the bill. It states in there, reading through all the leagl language, and after confusion translating, that the minimum payment must be made first, then the payoff amount. This is VERY VERY deceptive, and allows them to get most of their capital back for reinvestment, yet allows them to keep stacking charges and fees to the account. I had an attorney look at the invoice, and pointed to the minimum payment area, and asked them, including the ripoff $15 check over phone fee, what I had to pay to clear my account. They said a total of $966.14 as I had paid. I asked thew to re-read the bill, and all the fine print. It took them a few minutes to decipher the legal language, and they said they see why it took us so long to see and figure out. They agreed, it was very deceptive and poorly written. They said the bill should have been written clearly so a person knows exactly what to pay. They said this appeared to be purposely written this way, as to deceive customers and allow stacking. I plan on fighting this very hard. Our story has been picked up by the watchdog group Household Watch, and they are making a special page because of this practice. Take your bill to an attorney before you pay it off, to make sure someone can actually read what it says, and can give you a correct payoff amount, because HSBC won't. Even if you call them, they won't give you a correct amount. When they told us the $951.14 would pay the account off, they either didn't know about the minimum monthly payment either, or flat out lied. At least when you go to a loan shark, they tell you "pay this exact dollar amount by this date, or we'll break your legs." HSBC says "pay us what you think you owe, and if it isn't correct, we'll bust your credit." I'll keep updating this as the saga unfolds :(