• Report: #411556

Complaint Review: Direct Merchants Bank - Account Central HSBC

Thank You

Read how Ripoff Report saves consumers millions.

  • Submitted: Tue, January 13, 2009
  • Updated: Tue, January 13, 2009

  • Reported By:Olmsted Township Ohio
Direct Merchants Bank - Account Central HSBC
PO Box 5250 Carol Stream, Illinois U.S.A.

Direct Merchants Bank - Account Central HSBC Loansharks, thieves, crooks Carol Stream Illinois

*Consumer Comment: ITS CALLED THE CREDIT CRISIS - WHERE HAVE YOU BEEN

What's this?
What's this?
What's this?
Is this
Ripoff Report
About you?
Ripoff Report
A business' first
line of defense
on the Internet.
If your business is
willing to make a
commitment to
customer satisfaction
Click here now..

Does your business have a bad reputation?
Fix it the right way.
Corporate Advocacy Program™

SEO Reputation Management at its best!

Direct Merchants Bank - Account Central HSBC is a front for HSBC credit card. I was sent a notice that they would raise my rate 5% from 14.99% to 19.99% retroactive to October 1, 2008 effective January 2, 2009, no reason was given for this increase, I have never been late or overdrawn on any accounts and always pay more than current due. I called and asked for a reason, a supervisor got on the line and told me that it was just business and I would receive a letter within 30 days advising me of the reason. I told her that I needed a reason before then in case I needed to opt out within the 30 days that HSBC had given me. She stated that my account would be noted and I could still opt out. I waited 30 days and then sent a written notice to opt out. Within 10 days I received an answer that I was too late and the increase would take effect. My last statement after I had sent in a $1500.00 payment reflected an interest charge of 19.99% retro to October. Still no reason has been forthcoming from HSBC. What a bunch of thieves!

Jerry
Olmsted Township, Ohio
U.S.A.

This report was posted on Ripoff Report on 01/13/2009 11:55 AM and is a permanent record located here: http://www.ripoffreport.com/r/Direct-Merchants-Bank-Account-Central-HSBC/Carol-Stream-Illinois-60197-5250/Direct-Merchants-Bank-Account-Central-HSBC-Loansharks-thieves-crooks-Carol-Stream-Illi-411556. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.

Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report.

Click Here to read other Ripoff Reports on Direct Merchants Bank - Account Central HSBC

Search for additional reports

If you would like to see more Rip-off Reports on this company/individual, search here:

Search Tips
Report & Rebuttal
Respond to this report!
What's this?
Also a victim?
What's this?
Repair Your Reputation!
What's this?
REBUTTALS & REPLIES:
0Author 1Consumer 0Employee/Owner
Updates & Rebuttals

#1 Consumer Comment

ITS CALLED THE CREDIT CRISIS - WHERE HAVE YOU BEEN

AUTHOR: Laurie - (U.S.A.)

all the credit card companies are doing it across the board. Its been on the news etc..
Respond to this report!
What's this?
Report & Rebuttal
Respond to this report!
What's this?
Also a victim?
What's this?
Repair Your Reputation!
What's this?
Wal-Mart.com USA, LLC

Advertisers above have met our
strict standards for business conduct.

Wal-Mart.com USA, LLC


Ripoff Report Legal Directory