Posted: Sat Dec 15, 2007 1:17 pm
A report in the early morning news today told of a man who having got into financial difficulty signed on to a debt management programme. He was constantly being called by his bank as they were not happy to accept his offer and wanted him to take out a loan at approx 13 per cent APR. (no expert but isnt that a tad high???? Mine was at 7.9 APR)
He said he is being harrassed and pressurised into taking out the loan but after consulting with CCCS was advised to refuse, which he did. His bank actually phoned him while the BBC were filming.
The report went on to state how lenders are harrassing customers who find themselves in financial difficulty. (as if) HSBC declined a TV interview but stated that the fact that the individual was back in full time employment he was able to make the new, high interest payments. The banking guidlines are there to help struggling customers.(again, no expert but isnt this irresponsible lending???)
They offered me a loan even though I am on benefits, what chance has anyone with HSBC as a creditor really got????
HSBC should hang their head in shame.
lily
He said he is being harrassed and pressurised into taking out the loan but after consulting with CCCS was advised to refuse, which he did. His bank actually phoned him while the BBC were filming.
The report went on to state how lenders are harrassing customers who find themselves in financial difficulty. (as if) HSBC declined a TV interview but stated that the fact that the individual was back in full time employment he was able to make the new, high interest payments. The banking guidlines are there to help struggling customers.(again, no expert but isnt this irresponsible lending???)
They offered me a loan even though I am on benefits, what chance has anyone with HSBC as a creditor really got????
HSBC should hang their head in shame.
lily