The Great H*BC Rip Off!

**catch22** · 29-08-2005, 08:49 PM

Originally Posted by jonesy

Catch 22 I have had similar treatment at HSBC but i realised how bad they were before I signed the contract! They reeled me in with talk of lots of money and incredibly low interest rates.....then.... when I returned to sign contracts they told me i'd need life insurance, an arrangement fee of 1% and a full budget planner. They also suggested i take a loan out on my house! Anyway, I escaped to Barclays who didn't need any such clauses and they dont charge you if you want more money. I believe HSBC charge £100 to change the amount you borrow??

Sorry i can't be any help but i do understand your predicament with HSBC, hope you manage to sort it out without too much heartache

Cheers for the sympathies jonesy. Glad you managed to escape to Barclays, I'll be paying them a visit tomorrow. Can't believe your treatment with HSBC. They also mentioned an arrangement fee to me but sneakily managed to avoid telling me how much. Don't know about that £100 charge...wouldn't surprise me they'd slap that on top as well.

Outrageous!

**alilel** · 29-08-2005, 08:57 PM

Originally Posted by catch22

The student loan is no problem to get; I get the full whack every year. This year I got £5k.

Since I'm on the 5 yr course, so I'll only be able to get an NHS bursary in the 5th year. Don't know how much the fees will be for 2006/7. I'm expecting it to be about £3k

If you are already on a course, you will not be affected by top up fees, so your tuition fees should remain at ~£1200

**catch22** · 29-08-2005, 09:13 PM

Originally Posted by alilel

If you are already on a course, you will not be affected by top up fees, so your tuition fees should remain at ~£1200

thanks, I didn't realise that!

**anup** · 29-08-2005, 11:03 PM

Hey people, sorry to hear that you lot are being taken advantage of! I have some friends working in a bank, and I will find out some more information when I can and post it on here.

**jonesy** · 29-08-2005, 11:16 PM

Hey anup thanks for that! Glad to see youre a Mighty Red too! YNWA

Catch 22: no probs sympathy is my speciality! I'd ask about the £100 if I were you, just in case it slips their mind!

Michelle

**catch22** · 30-08-2005, 02:16 PM

Originally Posted by jonesy

Hey anup thanks for that! Glad to see youre a Mighty Red too! YNWA

Catch 22: no probs sympathy is my speciality! I'd ask about the £100 if I were you, just in case it slips their mind!

Michelle

hi jonesy
did you go for a PSL or CDL with Barclays?

cheers

**anup** · 30-08-2005, 03:13 PM

Originally Posted by jonesy

Hey anup thanks for that! Glad to see youre a Mighty Red too! YNWA

Catch 22: no probs sympathy is my speciality! I'd ask about the £100 if I were you, just in case it slips their mind!

Michelle

It's all about the reds....we didn't get owen, not sure if that's a good thing or a bad thing.

**jonesy** · 30-08-2005, 04:18 PM

Originally Posted by anup

It's all about the reds....we didn't get owen, not sure if that's a good thing or a bad thing.

hey its defo a good thing we didn't get Owen, don't think Rafa was too keen and felt pressured to take the traitor on

Anyway, I did actually want Owen back, Cisse and Mori aren't doing it for me, but after yesterday, I think Owen is too greedy and selfish for liverpool. Sorry for the rant!

Anyway, catch22 I got a PSL with barclays, if i got a CDL I wouldn't be able to get the student loan as well. Barclays don't ask for anything apart from a simple budget planner and that you change your student a/c to Barclays.

Michelle x

**lucyfrombristol** · 30-08-2005, 04:35 PM

I have just signed up with HSBC for a PSL and to be honest it didn't bother me about the life insurance thing. I can understand them wanting to protect their money and after all they don't stipulate that you have to take the insurance out with them - that would definitely be scandalous!

I own a house too jonesy, as I guess quite a few matures do, but they didn't suggest I secure it against the house. Basically I'm hoping that by the time I graduate there will be enough equity in the house for me to re-mortgage and pay the PSL off even before the payments start to kick in.

**maz26** · 30-08-2005, 06:11 PM

yeah that was similar to me - i got the option though of whether i wanted to secure it against my flat or not, i went for not, the difference in repayments were about a fiver a month, but i felt better not attaching it to my flat - not if u don't need to