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What's the difference between an HSBC managed loan and a normal loan?


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Hi Annie,

 

How on earth can it be a 'service' ?? for WHAT - the few micro seconds it takes computer to automatically monitor your account and 'notice' that you have exceeded a certain limit and then debit £30 from your account !!!!!!

 

The is NO manual interventon, nor do they even incurr the cost of a stamp as they don't write a nice 'you've just been fleeced' letter

 

They can wish all they want about it being 'lawful' but that's the very reason why not one single high street bank has actually appeared in court - they are petrified that they would loose, atract unwanted publicity and then 1,000 of people jump on the 'pay us bank' band waggon !!!

 

Remember in 2005 the banks reaped a massive £3 BILLION in charges . . would you 'risk' loosing that nice little earner, NO you would just pay back to those that found out how and issued a claim agaisnt them, and traet it as 'irritating' !!!!

 

Steve

  • Haha 1

Dec 2006 - Sucessfully recovered over £3k from HSBC with much help from CAG :-D

 

 

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(The small print-my advice and opinions are my own, and are given freely and without predjudice or liability whatsoever)

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