Anyone heard of the scam where HSBC calls people who havw e-filed and notifies them that the irs is auditing them and they have to pay back the loan? They called my brother today and told him he had to pay over $5k! He only got $2300! It seemed to be a little early for the irs to be auditing. I've never heard of this before.
2007-02-12 17:11:59 · 7 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ United States
I don't know about HSBC but Republic bank called me an demanded that I pay back my RAL Loan now because the IRS has not released my funds yet because they are auditing me. The IRS is auditing and delaying a lot of peoples returns and therfore the banks are demanding the loan money plus the intrest until the IRS funds them with the income taxes.
2007-02-13 05:16:09 · answer #1 · answered by shaydzofluv 2 · 0⤊ 0⤋
If you receive such a phone call, call the contact number on your RAL agreement. Do NOT call the number that the caller leaves with you!
If you received a RAL and your refund is subsequently delayed or intercepted you will have to pay back the RAL directly to the lending bank. This is all spelled out in the RAL agreement that you signed.
Although they try to check your status before approving your RAL, pending actions from FMS or the IRS can change things quickly.
If there is a problem with your refund, the RAL lender should contact you by mail, NOT by phone. If someone calls you on the phone alleging that they are from the lender, ask them for the loan number. Do NOT give out any personal information! Hang up and call the lender back using the contact number on your RAL agreement.
2007-02-13 00:04:03 · answer #2 · answered by Bostonian In MO 7 · 0⤊ 0⤋
imagine about it - why would HSBC, between the international's greatest banks, issue a examine drawn on Chase monetary company, one in each and every of their competition??? for sure this must be a rip-off. HSBC does no longer issue a examine on from any monetary company yet HSBC. study each and everything in the submit above - this can be a rip-off. do no longer call that decision again and do not attempt to money this. in case you want to do some thing, deliver the letter into your nearest HSBC branch and ask to speak to a branch manager - tell them you gained the letter in the mail, understand it is a rip-off, and needed to exhibit this over to them
2016-12-04 02:58:53 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Your brother should call HSBC back and find out what is going on. If your brother took out a loan and his refund has not been sent to HSBC, then he owes HSBC.
2007-02-12 22:53:16 · answer #4 · answered by ninasgramma 7 · 0⤊ 0⤋
I don't think that your bank should have access to your tax information and if they are doing this illegally then maybe you should do something good for your brother and for others as well and start a complaint.
Good luck
and good job starting the complaint on here.
2007-02-12 17:19:20 · answer #5 · answered by Anonymous · 0⤊ 0⤋
i have never heard of this either...it is probably a scam...just ignore it....The IRS notifies you by mail if something is wrong they do not call
P.S. you should notify HSBC about this scam....it is not listed, that i could find.
http://www.us.hsbc.com/1/2/3/personal/inside/securitysite/fraud#faq2
2007-02-12 17:18:45 · answer #6 · answered by geekieintx 6 · 1⤊ 1⤋
I hope he never gives out any of his information to anyone.
Especially his bank account number. There are so many scams out there, it boggles the mind. Be careful.
2007-02-12 17:21:04 · answer #7 · answered by Tumbleweed 5 · 0⤊ 0⤋