- Report: #447237
Report - Rebuttal - Arbitrate
Complaint Review: HSBC
HSBCaccountcentralonline.com Carol Stream, Illinois U.S.A.
HSBC, Direct Merchants Bank Bailed Out by taxpayers, then change their ethics to screw the cardholders FOR MORE MONEY Carol Stream Illinois
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I have NOT used the creditcard in almost a year because they raised my % rate, and continued to do so. But I noticed a Late Payment on my bill last month and called. And ask them when the new policy was implemented the cust.rep told me OH 2 years ago. I called him a liar..
See, I am anul about keeping records so I told him that was crap, and HSBC was only doing this to get money quick to cover their bad investments and still be able to give the Executives a bigger bonus.
I was also done the same way by "Chase" so I filed a complaint with the Attorney General office. But UNLIKE Chase they would not budge, as a matter of fact they upt my rate to 24.99% and dropped my available credit to $50 over what i owed. $1,080.00 my new limit. Thank God my balance is low and will be paid off soon.
Chase was good about resoulving this issue and as soon as it was resoulved I opted out of their card immediatly at the low rate. I HOPE everyone reading this will opt out of ANY credit card as soon as they recieve a letter stating that their intrest rate will be going up. This is your LEGAL RIGHT to do so.
These banks depend on the people that have debt with them. So GET RID, Payoff and Dont get anymore credit cards. If you cant afford it now save your money and get it later. The economy will only be getting worse.
Lets ALL stand together, it is the ONLY way. So in closing I leave you this.
" FEED THE PIG " NOT THE BANKS....
This report was posted on Ripoff Report on 04/28/2009 03:21 PM and is a permanent record located here: http://www.ripoffreport.com/r/HSBC/Carol-Stream-Illinois/HSBC-Direct-Merchants-Bank-Bailed-Out-by-taxpayers-then-change-their-ethics-to-screw-the-447237. 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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