HSBC will not close an account..what can I do?
Date: Tue, 08/07/2007 - 21:34
Today while applying for a car loan, the man ask me about HSBC credit card I had. I told him that that was for my old job and hasn't been used for many years and that I ask HSBC to close it and they said they did.
He informed that it is still active and open. I called HSBC the lady quite frankly told me that they would not close the account.
It is my account under my name, and because it is still active it does effect my credit due to the fact that it is revolving unsecure credit, even if it is at 0.
I want this account closed it is my right as consumer to have this account closed any ideas on how to approach this matter?
If this account is a positive account,there is no reason credit
If this account is a positive account,there is no reason credit wise to close it. If you wish to close it write a letter to their corporate headquarters instructing them to close the account and send letter certified return receipt mail.
Hi Cajun is right if this account is in good standing then yo
Hi
Cajun is right if this account is in good standing then you should not close it. It will help your credit history.
There is a myth that closing accounts that are bad will help in erasing the bad mark. No, its not correct. the accounts that are closed stay on your report till ten long years. Thereby it is important to manage the accounts properly.
Nelly
Is the account negatively reported on your credit copy? Chances
Is the account negatively reported on your credit copy? Chances are that what you know about this account is actually not reflected on your credit file. Your credit scores are hurt because of inaccurate negative entry. That's the only reason of your being worried about this item and you should get it removed immediately.
HSBC will charge your account for non-activity. In that case it
HSBC will charge your account for non-activity. In that case it would be prudent to close it. Send them a letter stating you want it closed.
They also charge yearly membership fees.
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They are terrible
They raised my interest rate to 19% I have been on hold for 2 hoours trying to close my credit card as a result. Once I told them I wanted it closed they put me on eternal hold. I will never do business with HSBC again.
They are horrible, raised my apr through the roof and refused to
They are horrible, raised my apr through the roof and refused to close my account despite having paid it off in full. I am sending them a letter after having made my 3rd call to them to cancel/shut down/close the card.