HSBC – The World’s local stalker
TweetIf you watched the news last week, you might remember that HSBC was shamed over the suicide a student who was bombarded with letters and phone calls for a £1000 overdraft. After the news broke out, a number of people complained that HSBC was harassing them over their debts.
The total UK personal debt in September 2006 will have exceeded £1 ¼ trillion and somehow this figure does not surprise me; student debts, credit cards and mortgages all contribute to personal debt.
I therefore feel somewhat uncomfortable when I see ads like this…
| Print article | This entry was posted by Lolly on 18/10/2006 at 9:30 am, and is filed under Advertising and Communication. Follow any responses to this post through RSS 2.0. You can leave a response or trackback from your own site. |
about 5 years ago
Not to mention, your home may be repossessed if you do not keep up repayments on your mortgage.
Just curious, was the suicide directly linked to the bank’s behaviour?
about 5 years ago
Hi there,
Thanks for the comment on my blog about HSBC – for some reason my blog won’t let me reply to your comment. The full article can be read here: http://news.bbc.co.uk/1/hi/wales/6038086.stm?ls
I really do think that banks are partially responsible for the growing amounts of debt in the UK – you’re basically in debt by the time you graduate, add credit cards, mortgages, that’s it you’re bankrupt!