i need leagal advice about my bank personal loan?

Question

i had taken loan from hsbc bank they offer me 15% but now they charged me 17.95% now thety give me no response about this metter so what i can i do for this matter shall i go to consumer form. or any leagal court

Answer 1

The only financial institutions in the world that reserve the right to raise interest rates at any time are creditors. Your creditors pull your report periodically and when they do they decide based on that credit report where to put your interest rates. Example: If your late on anything car, credit card.etc. the creditors will use that as an excuse to life your rate justifying it by labeling you as a risk. Many times if you start to carry a larger debt to income ratio your interest rates will jump. It does't matter how good you were about paying the company or if you have never had a late pay with them. They reserve the right to use the tricks of the trade!
Kourtnie Donihoo
The E.D.A. Group
866.605.0753

Answer 2

1

Answer 3

well i would just say that it is ur mistake. If u have sined the Aggrement while takeing the loan and in that it is clearly mentioned about the Rate of Interest. but i am sure that u would have sined without seeing it or it may be blank.

U can go the the court with this. cause As per Law the aggrement cannot be in 2 diffrent pen or hand writing. so u can go ahead and do it. it will tkae a lots of time to do so but still ur wish.

Answer 4

The bank reserves the right to vary interest rates according to the market if economy plumets they may charge you upto 40%.

Answer 5

You should read the Terms of Agreement on the loan paperwork you signed. You might find that they are within their rights.

Answer 6

hsbc personal loan details visit http://www.freewebs.com/getyourloan

Answer 7

make sure you read the fine print next time