ED Magedson – Founder
HSBC - ORCHARD BANKpo box 80056 salinas, California United States of America
I received a letter from HSBC credit card company. The letter stated that starting in December that my credit card would have changes in terms. I contacted the company and they stated that my APR would go from 16.740 to 29.99 percent. They told me this was being done because of tough economic times and other reasons. I was also told that i could opt-out of this, but that my credit card would be cancelled.
This card has a small balance (thank Goodness). I would like to know how the president of HSBC (Patrick Burke) can sleep at night, knowing this is being done to the American consumer. I have never been late and the card is in excellent standing
This report was posted on Ripoff Report on 09/16/2009 04:52 PM and is a permanent record located here: http://www.ripoffreport.com/r/HSBC-ORCHARD-BANK/salinas-California-93912-0056/HSBC-ORCHARD-BANK-My-APR-will-be-going-from-16740-to-2999-percent-as-of-December-11-495974. 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.
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