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HSBC / freaking rip off

1 United States Review updated:
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We bought a bowflex over a year ago and have paid 40.00 a month on it on time. Well we get a call saying we are behind 2 months. My husband asked why and they said our interest rate had been raised an now our payments are 72.00 a month. I don't think that is right. they said it was in the fine print. I never saw it neither did my husband. Only about 18.00 a month went towards paying on the balance. Our balance has only gone down maybe 75.00 to 100.00 in a year and 3 months. It pisses me off. How long as i going to have to pay for this thing. Bowflex either needs to change banks they finance through or something. I am going to end up paying 3 times as much for this thing. With taxes next year we are paying this off ans getting them out of our lives. Freaking rip off.

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  • Ma
      14th of Oct, 2009
    0 Votes

    same here.

  • Ju
      26th of Jul, 2010
    0 Votes

    my husband and i bought a bowflex our payment 20.00 a mounth.and it was financed with hsbc. bowflex has never send us any paper work stating our agreement with them or hsbc. and little do we know after 12 mounths our payment would go up to 59.00 amount.and that if you didnt pay on the date it was due.that you had a late fee of 39.95.bowflex is missleading people so they can get that sail.and it rightly pisses me off.if any one else is haveing trouble with this same issue

    please writh to judy eakin
    29 alabama av.
    phenix city alabama 36869

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