I really curse myself the day I agreed to be their credit card customer, worst so when I actually applied for their personal loan of Rs 20, 000 on my gold credit card!
I missed payments - call it my absent mindedness / shifting of job hence did not receive the card statements!
In August I was asked to pay Rs 21, 230 as settlement amount, which I paid the same in September 1st week. However later I was told that my name in Credit Rating as a defaulter would still remain unless I pay the legal fees of Rs 7, 440(on the accumulated monthly interest amount of 3.1%)
Well I paid the legal penalty of Rs 7, 440 on 20th December and have the acknowledgement, till date I have only received false promises(via email) from HSBC that my name would be removed from the defaulter list.
To my shock, I found out that my home loan application has been refused as my name exists in the credit rating agency as defaulter.
My repeated attempts to HSBC for the same has evoked no response.
If I have been penalised for not paying on time, what happens when HSBC doesn’t respond for 3 months, am I not liable for refund.
*This is how HSBC or probably other banks screw even those, who pay their rightful charges and are yet harrased(mentally and financial).
Please, please don’t ever go for personal loans and fall in the trap of HSBC(World’s Local Cheat)