Is HSBC Screwing Consumers in Debt Settlement?

According to some of my debt settlement friends with the AACC, this HSBC dirty trick is real and they’ve seen evidence of it.

It is alleged that HSBC has been setting consumers up to fail on their debt settlement programs, including those put forward by lawyers. The complaint says HSBC agrees to a debt settlement in installments and then when just a few payments are left to be made, HSBC refuses the remaining payments and goes back after the consumer.

In January of 2010 the Plaintiff, Chastity Bradley, through her attorney, entered into a settlement agreement with HSBC. HSBC agreed to accept $481 as payment in full and Chastity began making payments. HSBC cashed all the other payments except for the last one which they are alleged to have returned, rejected. HSBC then demanded the full balance even though a settlement agreement was in place and payments made. – Source

This case was filed by Bruce Warren, Esq., Brent Vullings, Esq., Warren & Vullings, 93 Old York Road, Suite 333, Jenkintown, PA 19046. 215-745-9800.

Has anyone else run into a similar situation? If so, post your comments below.

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