Household Automotive Finance Co
HSBC Refused to reposess vehicle, kept title & sold account to collections

In February I contacted HSBC to request a voluntary repo on my 1997 Nissan Pathfinder because I was loosing my job as of March 31 and would not be able to make the $528 monthly payment. After 7 months of them stating that it would be repossed if I did not pay, they finally stated verbally that they had "abandoned their secured rights" because the amount to repo was more than the balance owed.

After seven years, they have not called since have not come for the truck which is now inoperative, will not release the title to the vehicle AND have sold the account to collections (Salander Finance). I have called and written but no response. This is the only thing on my credit report that prevents me from purchasing another vehicle.

I have filed a complaint with the FTC seeking assistance with this situation. I would appreciate any suggestions or help in resolving this matter. Thanks.

Company: Household Automotive Finance Co
Country: USA
State: Illinois
City: Carol Stream
Address: P.O. Box 603
Phone: 18002822644

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