We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
naughty hsbc
Options

abbapinkdisco
Posts: 9 Forumite
hi. i need help please.
i had a business bank account with hsbc and associated with that their commercial credit card.
I don't use their bank account anymore however, am not allowed to shut it down until i pay off the credit card. I have taken HSBC to the ombudsman to reclaim unfair charges due to my business having financial difficulty.
I am still awaiting the outcome however this month i noticed on my commercial credit card statement that they have reduced my credit limit to £1 and the interest is mounting up unless i pay it off (which i can't afford to do)
are they allowed to do this?
thanks
i had a business bank account with hsbc and associated with that their commercial credit card.
I don't use their bank account anymore however, am not allowed to shut it down until i pay off the credit card. I have taken HSBC to the ombudsman to reclaim unfair charges due to my business having financial difficulty.
I am still awaiting the outcome however this month i noticed on my commercial credit card statement that they have reduced my credit limit to £1 and the interest is mounting up unless i pay it off (which i can't afford to do)
are they allowed to do this?
thanks
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 351.1K Banking & Borrowing
- 253.2K Reduce Debt & Boost Income
- 453.6K Spending & Discounts
- 244.1K Work, Benefits & Business
- 599.1K Mortgages, Homes & Bills
- 177K Life & Family
- 257.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards