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Dec
11
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Predatory loan wrong or no info to consumer
Respected sir/madam,
I purchased a Suzuki motorcycle unknowingly using HSBC loans. I was never told the interest rate it was actually set at 0% on my loan information. it rocketed to 28%. I was never told how much the payments would be per month. For $17,000 motorcycle the payments were $500 a month which is absurd my last two bikes were about $100 a month for similar priced motorcycles. You could buy a brand-new Mercedes and not pay $500 a month. I struggled to make the payments I offered them to repossess the bike they sold it for $8000 it only had 5000 miles on it I still owe $14,000 something is wrong with this loan set up. Do not trust this company. I am looking into my documentation.
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