- Report: #865661
Report - Rebuttal - Arbitrate
Complaint Review: HSBC Retail Services - Suzuki
HSBC Retail Services - SuzukiDept 7680 Carol Stream, Illinois United States of America
HSBC Retail Services/Suzuki Suzuki Bike Ripoff Carol Stream, Illinois
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Just recieved a statement saying the interest went from 12.9% to 24.9%. Interest alone on April 2012 statement is 231.12 making my payment now 348.00 a month.
I dont understand how this can be legal. I have payed on this bike for a couple of years and my balance is maybe less than a 1,000 from when I first bought the bike.
If anyone has any ideas how to resolve this problem, please let me know. My statement says if I pay 464.00 a month for 3 years I will save 16,700. That is around 4,000 more than I originally paid for it. If I pay only the monthly payment it will take me 26 years and cost me 34,389.
This report was posted on Ripoff Report on 04/08/2012 06:57 PM and is a permanent record located here: http://www.ripoffreport.com/r/HSBC-Retail-Services-Suzuki/Carol-Stream-Illinois-60116-7680/HSBC-Retail-ServicesSuzuki-Suzuki-Bike-Ripoff-Carol-Stream-Illinois-865661. 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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