How Can I Get In On the Lawsuit Against HSBC for Forced Placed Insurance? – Deb

Question: Dear Steve, From 2001 to 2008 my husband at the time and I were going through Beneficial Finance for our mortgage on 2nd house. About 2 years ago, I received a notice from an attorney group stating that Beneficial Finance, aka HSBC, aka HSB was being sued for having clients who had loans sign … Read more

Did You Pay for HSBC CreditKeeper? You Can Get All Your Money Back.

HSBC Bank has been ordered to pay a $35 million penalty for not delivering what they promised to consumer regarding their credit monitoring product, CreditKeeper. Customers eligible for restitution include those who were unfairly billed for CreditKeeper, a credit-monitoring product marketed and sold by the bank, its affiliate HSBC Bank Nevada, N.A., Las Vegas, Nevada, … Read more

Does Moran Drexen’s Preferred Creditor Program Create a Problem for Consumers?

Last week new information in the lawsuit between Morgan Drexen and the CFPB brought to light a commission compensated department called the Preferred Creditor Program. You can read that article, here. At least one commenter mentioned Morgan Drexen is not the only company to have such a program. If not, then an industry wide problem … Read more

Debt Relief Bureau Logo But Not the Debt Relief Bureau in This Mailer

When if the Debt Relief Bureau, not the Debt Relief Bureau? When you get a flyer in the mail from an anonymous source promising you help to get out of debt. An amazing reader Tish sent in a new debt relief mailer through my I Buy Junk Mail program. Well here is another anonymous mailer … Read more

Beneficial / HSBC – Consumer Complaint – April 22, 2013

Consumer Statement: Upon my husband’s death in March 2009 I contacted HFC for directions on filing a claim against our mortgage life insurance. HFC informed me that I had no mortgage life insurance policy. Over multiple calls to HFC over the next several months I was informed that my deceased husband had cancelled our mortgage … Read more

I Had to Leave the UAE for Turkmenistan and Left Debt Behind to Dunia Finance Bank and HSBC. – Temur

“Dear Jon, I lost my job on October so before that My job was excellent I was getting 7800 AED salary and was employed for almost 3 years. on May this year I got 100.000 loan form one of the bank and till October I paid. Suddenly I company informed me to look for another … Read more

HSBC Decides to Participate With Standard Chartered Bank in UAE Debt Settlement Fund

HSBC bank in the United Arab Emirates has elected to participate in a plan to settle or write off debts owed by UAE citizens. Until now the ability for people to deal with their debts in the UAE without going to jail, has been limited. And while this approach to assisting people with problem debt … Read more

HSBC Changed the Terms of My Loan After I Signed a Document With Blanks

“Dear Steve, I have a mortagage with HSBC for 5 years now at fix rate 5.625% 30 with PMI no Fannie Mae, no Fmac and I wanted to refinance with a lower rate no PMI. They send me and initial set of documents with lower APR for same initial value of the property without the … Read more

Will HSBC Honor the Settlement They Agreed To? – Juliana

“Dear Steve, Hi, I have two HSBC credit cards and total balance of both cards about USD3600. I was a student back then, and now, I left USA for good to return to my hometown. However, I dont have a permanent job and my salary is about usd600 monthly. I couldnt pay my credit cards … Read more

Lawsuit Reveals How a Middleman Is Blocking Mortgage Modifications for Homeowners

by Paul Kiel, ProPublica Pamela Jeter of Atlanta, Ga., has been trying to get a mortgage modification for more than two years. She seems like an ideal candidate. She has shown she can stay current with a reduction in her monthly mortgage payments. Everybody would seem to win. Even the investors who ultimately own her … Read more

HSBC Gets Some Heat Over Ill-Marketed Payment Protection Plan

HSBC, “The World’s Local Bank,” is getting a lot of local and state-wide criticism today as suits are being filed against them for their poorly explained and ill-marketed “Payment Protection Plan”. Those especially impacted by this were wrongfully targeted and unqualified recipients of this plan including, retirees, people already on disability and part-time employees. – … Read more