How to Remove HSBC Collections From Your Credit Report

Is HSBC Collections hurting your credit score?

Lexington Law Firm has successfully assisted millions of clients in removing inaccurate and questionable negative information from their credit reports.

Who is HSBC?

HSBC is a multinational investment bank headquartered in London, United Kingdom. You may see them listed on your credit report as a collections account or charge off. This can happen if you are delinquent on an HSBC credit card or loan.

How can I remove HSBC Collections from my credit report?

Collections can hurt your credit score and remain on your credit report for up to seven years regardless of whether you pay it or not. Unfortunately, paying the collection could even lower your credit score.

However, it is possible to remove a collection account from your credit history before seven years.

(While debt collectors may not want this information to be widely known, it’s your right to be informed.)

Lexington Law is a professional credit repair law firm that works with people who want to fix their credit.

In addition to collections, Lexington Law can work with you to challenge other inaccurate, unfair, or unsubstantiated information on your credit report. These items include inquiries, late payments, charge-offs, foreclosures, repossessions, bankruptcies, and more.

Call Lexington Law now to learn more: (800) 220-0084

HSBC Bank Contact Information

US Headquarters Address:

HSBC Bank USA
452 5th Ave
New York City, New York

Phone number: (800) 975-4722

Should I contact or pay HSBC?

It’s best to avoid speaking to a collection agency on the phone. And making payments on the debt will reset the clock. As a result, it could harm your credit rather than improve it. However, sometimes it’s better just to pay the collection account, especially if it’s new, and you’re certain that it’s legit.

The most effective way to deal with HSBC collections is to work with a credit repair professional. They help remove millions of negative items every year from companies like HSBC on behalf of their clients.

And they may be able to help you too.

Will HSBC sue me or garnish my wages?

It’s possible, but if you work with a law firm like Lexington Law, you have nothing to worry about. They help you dispute the HSBC debt with the credit bureaus and possibly remove it from your credit report. It’s also quite possible that you will never hear from or have to deal with HSBC again.

Call Lexington Law to learn how they can help you.

HSBC Complaints

Most collection agencies have numerous complaints filed against them with the Consumer Financial Protection Bureau (CFPB) and the Better Business Bureau (BBB). Most consumer complaints are about inaccurate reporting, harassment, or failure to verify a debt. If you find yourself facing any of these situations with HSBC, you should also consider filing a complaint.

You have many consumer rights under the Fair Credit Reporting Act (FCRA) and the Fair Debt Collection Practices Act (FDCPA). Lexington Law knows that you have rights, and HSBC does too.

Your Rights When Dealing with HSBC Collections

There are strict regulations about what debt collectors can and cannot do in the United States. For example, the Fair Debt Collection Practices Act prevents the use of abusive or deceptive tactics to collect a debt. In addition, the FDCPA provides you with many rights to ensure that collection agencies don’t take advantage of you. In particular:

  • It is a violation of federal law for HSBC Collections to report inaccurate or incomplete information on your credit report.
  • You have a legal right to request debt validation on an alleged debt. Send the collection agency a debt validation letter. By law, they have 30 days to prove to you that the debt is really yours and the total amount is accurate.
  • HSBC Collections may not threaten or harass you, call you repeatedly, swear at you, or publicly publish a list of debtors.
  • HSBC Collections must be honest about who they are and what they are attempting to do. They must notify you that they are a debt collection agency both orally and in writing.
  • HSBC Collections cannot threaten to have you arrested or imprisoned over unpaid debts.

Remove HSBC Collections From Your Credit Report Today!

Lexington Law can assist you in disputing HSBC accounts. They have over 18 years of experience and their clients saw over 6 million removals on their clients in 2021 alone.

If you’re looking for a reputable company to assist you with inaccurate collection accounts and repair your credit, consider working with Lexington Law.

They have helped many people in your situation. Give them a call at (800) 220-0084 for a free credit consultation to see what they can do for you.