Corporate Receivables

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Welcome to the forums. Sorry to hear that you've had such a twirlwind with this company. Corporate Receivables doesn't have a good track record with the BBB.

[quote=The Better Business Bureau]Based on BBB files, this company has an unsatisfactory record with the Bureau due to a pattern of unanswered complaints and a failure to eliminate the underlying cause of the complaints. Complaints generally allege threatening and harassing treatment, and in some cases the company was attempting to collect from the wrong party. The BBB has communicated with the company regarding its lack of response to consumer complaints and the company stated that they refuse to respond to the BBB.

When evaluating complaint information, please consider the company's size and volume of business. The number of complaints filed against the company may not be as important as the type of complaints and how the company handled them[/quote]

You are still respsonible for this loan. I understand that situations arise that make it impossible for the person who took out the loan to pay it back when due. I had something similar happen to me with another company. If they have your bank account information, BE EXTREMELY CAUTIOUS. They may say they are going to do a wage assignment, or have it turned over to their collections department. Re-read your loan documents carefully. They may have the power to debit your account each payday to attempt to get the return of their money.

Make every effort to pay this back even though they may be harassing you. In the meantime, you could file complaints at the BBB site, and with the FTC.

Regards-
Mike

i have told them repeatly that i am with a debt settlement company. So it's not like i am trying to avoid paying the debt. I owe the money, i tried to work with HSBC but they were unwilling to work with me. I even had 1/2 the amount (4,000) to settle the account. They were not willing, so we turned this over to our debt consolidation company. So i don't understand why they are being so resistant. They are calling me repeatly at work. If they get me fired for getting too many personal calls they they won't get jack squat from me and neither will anyone else. I'm trying to pay, it is just going to take a little bit. We only have 2 years left on our plan. Places like this are what drives people to bankrupsy. My new motto is "you can't get blood out of a turnip" We are making payment through our debt settlemnet company and that is all we can do we already put in 700 per month for all this and still there are some weeks that we have to pay our utilities or car payments late just to have food for the week. So it's not like we are just living it up with the money we are not paying HSBC. I just filed a complain with the ftc.

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