Had a HSBC credit card in 2008, I closed it out with a balance on it. At the Same time I closed it out, my son had to file a bankruptcy and he was just and a USER of the card and the card was in my name only. Well HSBC claimed that I did not make the payments and wrote it off as a charge off. They then sold it to Capital 1 and all the while I am making paynments on it. Well Capital 1 didn't want the card so they sent it to Portfolio Recovery Associates in Nofolk, VA.
The reason my son had to file a bankruptcy was he had to quit his job or he would get an EPA fine of $10,000.00 fine for dumping hazardous material (like anti freeze, freon and rubber tires) into the dumpster like his boss told him to do. EPA let the boss off and my son was black listed from working in this area for doing the right thing.
Meanwhile my score has tanked.
I talked to TransUnion and they said that the HSBC went through bankruptcy, which is wrong.
I talked to Portfolio and they said my account was a charge off which means that a payment was not made for 180 days, which is also wrong.
I have proff from Boeing Credit Union from my checking account that I have paid every single month from 2008 to present day and have never missed a payment.
I will be getting a hold of the A G's office and maybe get this corrected.
Do not get a HSBC credit card or a Capital 1 credit card ever.
My name is Antônio Pedro Lacerda de Barros, and I am writing to you regarding a nightmarish 18-year legal battle that I have waged against Bamerindus Bank in Brazil and its successor, HSBC Bank (Brazil). Sadly, my story is not unfamiliar to anyone who has followed HSBC in the news the last few years and, in fact, bears many striking resemblances to the following story, which was reported this year by Guardian Money: http://www.theguardian.com/money/2013/jan/04/hsbc-subjects-borrower-misery-loan-repayments Like the customer in the above story, I have been fighting HSBC in the courts for almost two decades after my bank account with Bamerindus Bank was sacked by branch employees in the early 1990s. HSBC purchased the assets and liabilities of Bamerindus in 1997 and, in so doing, assumed all the outstanding obligations of Bamerindus. The issue of whether or not HSBC Brazil is responsible for all liabilities of Bamerindus is a settled issue in Brazilian jurisprudence, and has been for over a decade. I have hundreds of pages of supporting legal precedent, if you would like to review it. Indeed, HSBC itself says on several of its international websites and publications that it purchased the assets and liabilites of Bamerindus in 1997. As such, from now on I will use the terms "Bamerindus" and "HSBC" interchangeably. My story began when an employee at the Ipanema, Rio de Janeiro branch of HSBC confessed to me in 1995 that bank employees, including employees at two different branches, had been illegally removed funds from my bank accounts. A court-appointed expert found that the partial total of these withdrawals was about $800,000 United States dollars, or about $2 million United States dollars, in today's terms, and that's without including certain legal interest that HSBC will eventually be obliged to pay. The outrageous thing is that, because HSBC has for 18 years refused to provide all records of withdrawals from my account, no court expert can really quantify how much money HSBC confiscated from my account! These employees' "modus operandi" was as follows: a. withdrawals were made from my accounts using cheques that I didn't sign; b. funds were electronically withdrawn from my account, invested for the benefit of third parties, and then the principal was returned to my account on the same day or on the next day. I filed a police complaint in 1995, and the police superintendent in charge found that HSBC had been involved in wrongdoing. An employee of the HSBC branch where I did my banking made a full statement outlining in detail the illicit activities committed by HSBC employees. Also in 1995, HSBC filed a suit wanting to pay me a token sum for the losses and damages I sustained. At the same time, I filed suit against HSBC asking that HSBC provide copies of all cheques withdrawn from my account as well as proof of all other withdrawals. After a long legal odyssey, during which HSBC used high-priced legal talent to delay any judgment, a Rio de Janeiro court finally found that HSBC had literally made over 2,000 undue withdrawals form my count. As mentioned, in today's dollars, and without counting 18% a year interest from 1995 to the present, a court-approved expert estimated that the total amount illegally withdrawn from my account is over US$2 million. Indeed, the expert couldn't calculate the total amount because HSBC has, for 18 years, refused to provide copies of all relevant records involving my account. This is strikingly similar to the British HSBC customer in the link I provided above, whose documents and records HSBC also conveniently "misplaced." After that decision, HSBC has spent the last six years trying to delay making restitution to me. First, they seized on an esoteric issue involving interest rates to question exactly how much interest they would have to pay me. Second, when I asked the judge to at least force HSBC to pay about US$20,000 in legal fees to me, as I have been representing myself pro se against HSBC's army of lawyers since 1995, HSBC began a relentless prosecution of me that continues to this day. The judge agreed to require HSBC to pay me the legal fees above, after which HSBC appealed, won the appeal, and asked the appeals judge to freeze my bank accounts and my wife's bank accounts to get the $20,000 back! Bear in mind that this is the same bank that has already been condemned to make restitution to me for 2,000 undue withdrawals from my account totaling at least US$2 million which, with interest, would come out to at least US$6.4 million today! The Brazilian Superior Court of Justice has just agreed to hear my appeal on this matter, ruling that HSBC has put me at great risk by means of its delaying tactics. What type of financial institution would rather drag things out in the courts than make restitution to a customer whose account was sacked by the bank's own employees? What kind of financial institution would refuse for 18 years to provide records of all undue withdrawals from my accounts, because the more withdrawals are known, the more it will owe me? The answer is: the same financial institution, HSBC, that was fined for opening accounts and laundering money for drug kingpins in Mexico, opening accounts and running money for terrorist groups throughout the world, colluding in the manipulation of the LIBOR interbank rate, and many other wrongdoings that have severely tarnished its reputations in the last few years. I can only hope that my story, which I am willing to document in as much detail as necessary, will serve as a cautionary tale to current and prospective HSBC customers, and will also serve to convince the relevant regulatory authorities to take tougher measures against HSBC to ensure that this institution never again returns to its checkered past. Best regards, Antonio Pedro Lacerda de Barros Rio de Janeiro, Brazil
In 2009 or 2010 I opened a Secured Credit Card with Orchard Bank, to rebuild my credit. I am certain I first put down a deposit of $400 to open the account, and then an additional deposit of $500 to increase my credit line. in 2011, it looks like my card was transferred to Capital One. I remember asking Capital One if they could consolidate cards because a already had a different secured card with them; they said no consolidating of cards.
Today, 2/25/2015, I called up Capital One to cancel my secured cards because I had recently paid them off and I no longer needed secured cards. I was feeling happy that I would be getting my security money back. However, the customer service representative told me I only had a record of $249 for one card and that the other card was not a secured card at all. I was stunned. I mentioned the $900 I was sure I was to receive. She said only that I got the card by putting no money down, as it was not requred.
I believe Orchard Bank is in the wrong by not refunding me my security deposit when they transferred their accounts to Capital One. I never received any money back. I do not have any old records from 2009-2010.
I am in the process of defending myself against a foreclosure complaint by Beneficial Financial I Inc. and looking for other people that have attempted to get a mortgage modification and after agreeing to a "trial 6 month loan modification" and was told that "if you completed the 6 month trial and made all the payments on time the trial would become a permanent mortgage modification and the payment would be the same as the 6 month trial payment", only to successfully complete the "trial" and discover that Beneficial would not be honoring their promise to make the "trial payment" permanent.
IF THIS HAPPENED TO YOU I NEED TO KNOW AS SOON AS POSSIBLE! PLEASE ADD YOUR STORY TO THIS THREAD!
I am currently trying to defend myself in this foreclosure but IF I CAN FIND ENOUGH PEOPLE THAT HAVE BEEN THROUGH THE SAME TYPE OF WRINGER AS I HAVE I WILL DO MY BEST TO START A CLASS ACTION COMPLAINT.
IF YOU ARE WILLING TO PROVIDE A SWORN AFFIDAVIT THAT I CAN USE TO SHOW THIS WAS A STANDARD PRACTICE OF HSBC/BENEFICIAL etc... Please let me know via this thread how to contact you and make sure you are included in any future class action.
YOUR EXPERIENCE WITH HSBC, BENEFICIAL, HFC DOES NOT HAVE TO BE EXACTLY LIKE MINE SO JUST TELL US HOW YOU WERE MISLED BY REPRESENTATIVES OF THIS COMPANY. I AM LOOKING FOR BAD FAITH ON THE PART OF HSBC, BENEFICIAL ETC...
Charged late fees when payment was not late. Did not apply payment to principle. Held on to payments before applying them. Had 34000.00 entered on payment history as an administrative adjustment.
HSBC Bank Reviews
Had a HSBC credit card in 2008, I closed it out with a balance on it. At the Same time I closed it out, my son had to file a bankruptcy and he was just and a USER of the card and the card was in my name only. Well HSBC claimed that I did not make the payments and wrote it off as a charge off. They then sold it to Capital 1 and all the while I am making paynments on it. Well Capital 1 didn't want the card so they sent it to Portfolio Recovery Associates in Nofolk, VA.
The reason my son had to file a bankruptcy was he had to quit his job or he would get an EPA fine of $10,000.00 fine for dumping hazardous material (like anti freeze, freon and rubber tires) into the dumpster like his boss told him to do. EPA let the boss off and my son was black listed from working in this area for doing the right thing.
Meanwhile my score has tanked.
I talked to TransUnion and they said that the HSBC went through bankruptcy, which is wrong.
I talked to Portfolio and they said my account was a charge off which means that a payment was not made for 180 days, which is also wrong.
I have proff from Boeing Credit Union from my checking account that I have paid every single month from 2008 to present day and have never missed a payment.
I will be getting a hold of the A G's office and maybe get this corrected.
Do not get a HSBC credit card or a Capital 1 credit card ever.
How can they get away with this stuff.
My name is Antônio Pedro Lacerda de Barros, and I am writing to you regarding a nightmarish 18-year legal battle that I have waged against Bamerindus Bank in Brazil and its successor, HSBC Bank (Brazil). Sadly, my story is not unfamiliar to anyone who has followed HSBC in the news the last few years and, in fact, bears many striking resemblances to the following story, which was reported this year by Guardian Money: http://www.theguardian.com/money/2013/jan/04/hsbc-subjects-borrower-misery-loan-repayments Like the customer in the above story, I have been fighting HSBC in the courts for almost two decades after my bank account with Bamerindus Bank was sacked by branch employees in the early 1990s. HSBC purchased the assets and liabilities of Bamerindus in 1997 and, in so doing, assumed all the outstanding obligations of Bamerindus. The issue of whether or not HSBC Brazil is responsible for all liabilities of Bamerindus is a settled issue in Brazilian jurisprudence, and has been for over a decade. I have hundreds of pages of supporting legal precedent, if you would like to review it. Indeed, HSBC itself says on several of its international websites and publications that it purchased the assets and liabilites of Bamerindus in 1997. As such, from now on I will use the terms "Bamerindus" and "HSBC" interchangeably. My story began when an employee at the Ipanema, Rio de Janeiro branch of HSBC confessed to me in 1995 that bank employees, including employees at two different branches, had been illegally removed funds from my bank accounts. A court-appointed expert found that the partial total of these withdrawals was about $800,000 United States dollars, or about $2 million United States dollars, in today's terms, and that's without including certain legal interest that HSBC will eventually be obliged to pay. The outrageous thing is that, because HSBC has for 18 years refused to provide all records of withdrawals from my account, no court expert can really quantify how much money HSBC confiscated from my account! These employees' "modus operandi" was as follows: a. withdrawals were made from my accounts using cheques that I didn't sign; b. funds were electronically withdrawn from my account, invested for the benefit of third parties, and then the principal was returned to my account on the same day or on the next day. I filed a police complaint in 1995, and the police superintendent in charge found that HSBC had been involved in wrongdoing. An employee of the HSBC branch where I did my banking made a full statement outlining in detail the illicit activities committed by HSBC employees. Also in 1995, HSBC filed a suit wanting to pay me a token sum for the losses and damages I sustained. At the same time, I filed suit against HSBC asking that HSBC provide copies of all cheques withdrawn from my account as well as proof of all other withdrawals. After a long legal odyssey, during which HSBC used high-priced legal talent to delay any judgment, a Rio de Janeiro court finally found that HSBC had literally made over 2,000 undue withdrawals form my count. As mentioned, in today's dollars, and without counting 18% a year interest from 1995 to the present, a court-approved expert estimated that the total amount illegally withdrawn from my account is over US$2 million. Indeed, the expert couldn't calculate the total amount because HSBC has, for 18 years, refused to provide copies of all relevant records involving my account. This is strikingly similar to the British HSBC customer in the link I provided above, whose documents and records HSBC also conveniently "misplaced." After that decision, HSBC has spent the last six years trying to delay making restitution to me. First, they seized on an esoteric issue involving interest rates to question exactly how much interest they would have to pay me. Second, when I asked the judge to at least force HSBC to pay about US$20,000 in legal fees to me, as I have been representing myself pro se against HSBC's army of lawyers since 1995, HSBC began a relentless prosecution of me that continues to this day. The judge agreed to require HSBC to pay me the legal fees above, after which HSBC appealed, won the appeal, and asked the appeals judge to freeze my bank accounts and my wife's bank accounts to get the $20,000 back! Bear in mind that this is the same bank that has already been condemned to make restitution to me for 2,000 undue withdrawals from my account totaling at least US$2 million which, with interest, would come out to at least US$6.4 million today! The Brazilian Superior Court of Justice has just agreed to hear my appeal on this matter, ruling that HSBC has put me at great risk by means of its delaying tactics. What type of financial institution would rather drag things out in the courts than make restitution to a customer whose account was sacked by the bank's own employees? What kind of financial institution would refuse for 18 years to provide records of all undue withdrawals from my accounts, because the more withdrawals are known, the more it will owe me? The answer is: the same financial institution, HSBC, that was fined for opening accounts and laundering money for drug kingpins in Mexico, opening accounts and running money for terrorist groups throughout the world, colluding in the manipulation of the LIBOR interbank rate, and many other wrongdoings that have severely tarnished its reputations in the last few years. I can only hope that my story, which I am willing to document in as much detail as necessary, will serve as a cautionary tale to current and prospective HSBC customers, and will also serve to convince the relevant regulatory authorities to take tougher measures against HSBC to ensure that this institution never again returns to its checkered past. Best regards, Antonio Pedro Lacerda de Barros Rio de Janeiro, Brazil
In 2009 or 2010 I opened a Secured Credit Card with Orchard Bank, to rebuild my credit. I am certain I first put down a deposit of $400 to open the account, and then an additional deposit of $500 to increase my credit line. in 2011, it looks like my card was transferred to Capital One. I remember asking Capital One if they could consolidate cards because a already had a different secured card with them; they said no consolidating of cards.
Today, 2/25/2015, I called up Capital One to cancel my secured cards because I had recently paid them off and I no longer needed secured cards. I was feeling happy that I would be getting my security money back. However, the customer service representative told me I only had a record of $249 for one card and that the other card was not a secured card at all. I was stunned. I mentioned the $900 I was sure I was to receive. She said only that I got the card by putting no money down, as it was not requred.
I believe Orchard Bank is in the wrong by not refunding me my security deposit when they transferred their accounts to Capital One. I never received any money back. I do not have any old records from 2009-2010.
I am in the process of defending myself against a foreclosure complaint by Beneficial Financial I Inc. and looking for other people that have attempted to get a mortgage modification and after agreeing to a "trial 6 month loan modification" and was told that "if you completed the 6 month trial and made all the payments on time the trial would become a permanent mortgage modification and the payment would be the same as the 6 month trial payment", only to successfully complete the "trial" and discover that Beneficial would not be honoring their promise to make the "trial payment" permanent.
IF THIS HAPPENED TO YOU I NEED TO KNOW AS SOON AS POSSIBLE! PLEASE ADD YOUR STORY TO THIS THREAD!
I am currently trying to defend myself in this foreclosure but IF I CAN FIND ENOUGH PEOPLE THAT HAVE BEEN THROUGH THE SAME TYPE OF WRINGER AS I HAVE I WILL DO MY BEST TO START A CLASS ACTION COMPLAINT.
IF YOU ARE WILLING TO PROVIDE A SWORN AFFIDAVIT THAT I CAN USE TO SHOW THIS WAS A STANDARD PRACTICE OF HSBC/BENEFICIAL etc... Please let me know via this thread how to contact you and make sure you are included in any future class action.
YOUR EXPERIENCE WITH HSBC, BENEFICIAL, HFC DOES NOT HAVE TO BE EXACTLY LIKE MINE SO JUST TELL US HOW YOU WERE MISLED BY REPRESENTATIVES OF THIS COMPANY. I AM LOOKING FOR BAD FAITH ON THE PART OF HSBC, BENEFICIAL ETC...
THANKS
Charged late fees when payment was not late. Did not apply payment to principle. Held on to payments before applying them. Had 34000.00 entered on payment history as an administrative adjustment.