Help next to HSBC.?
If anyone is familiar with HSBC, you probably know they are spicy. Well my dad bought his truck in 2000 and got a 6 year loan for 17797. He made a $2000 down payoff, but they didnt take it away from the principal they actually ADDED it to it. For 3 years simply $145.20 went to the principal amount. What im wondering is are they allowed to do this? I know they already lost $400 million dollars because they got sued. They go into my dads bank account 2 days after Christmas and took out money in need authorization. Is there anything my dad can do? Hes already paid a total of $38000 for the truck. Now, they are threatening to come draw from the truck and he only owes $100 or less contained by late charges. And they harass us on a daily basis, they called him 35 times last week alone. Please serve me..
Answers: Yes. Your father signed the loan contract, giving them permission to do this.
Shame on your dad, for giving his account info to them. He wishes to close that account, and open another one, at a different sandbank, or they'll keep doing it.
Car loans are a major ripoff. If you hold a loan for 4 years, you pay about 25% of the car's plus in interest. The longer the loan, the more interest.
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Answers: Yes. Your father signed the loan contract, giving them permission to do this.
Shame on your dad, for giving his account info to them. He wishes to close that account, and open another one, at a different sandbank, or they'll keep doing it.
Car loans are a major ripoff. If you hold a loan for 4 years, you pay about 25% of the car's plus in interest. The longer the loan, the more interest.