sharizap Posted April 20, 2007 Report Share Posted April 20, 2007 My husband and I recently, at the suggestion of the woman who's working with me to get us financed for a mortgage, opened secured CCs with Orchard Bank. (HSBC) As it happens, there is an old HSBC account that we will be DVing and/or settling. As I was setting up my online bill pay info and entering my checking account number, my mind started wandering down the "What If" road- never a good thing. If I dispute an old HSBC account, can they use this new account as leverage in any way? Like accessing my current bank info? Freezing the account? Closing it? Anything? I may be way off base here and just getting paranoid- that happens sometimes after 2am. Link to comment Share on other sites More sharing options...
VonAngel (aka EarthAngel) Posted April 20, 2007 Report Share Posted April 20, 2007 They can choose to close the secured card if you have an unpaid debt w/ them, but I don't know of anyone who has experienced it w/ HSBC. As for freezing your checking account or withdrawing funds to pay on your old debt w/o your consent is a no-no. You shouldn't have anything to worry about there. Link to comment Share on other sites More sharing options...
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