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HSBC, You've Just Earned a Loyal Customer For Life!

Posted Mon November 16, 2009 5:15 pm, by Laura A. written to HSBC Bank USA

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I am 26 currently, but during my college years I relied on credit cards and was not responsible with them by any means--my score dropped drastically and I was not prepared for how this would affect me later in life. I have since learned from my past mistakes, researched credit repair, and am diligent about checking my credit reports and FICO scores. I now have rent that I pay monthly, a cell phone bill, one Target store charge account, and a car payment, all of which has helped my credit score.

This year, I decided to open a new credit card to help increase my credit score and develop another positive tradeline. My credit score qualified me for an unsecured card with your bank and I just received a notice today stating that I was approved. I look forward to developing a relationship with your bank and thank you very much for allowing me the chance to continuously build up my credit. It has taken a lot of time, but I feel I am on my way to good credit. Your representatives have also been very kind and helpful the one time I did call to get additional information about the card.

I will recommend your bank to others in my situation and plan to keep this card in my wallet for years to come--you have just earned yourself a loyal, life-long customer. Thank you again.


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A little warning... by Samantha C. Mon November 16, 2009 @ 11:12 PM

Payment schedule... by Laura T. Tue November 17, 2009 @ 1:08 PM
by Samantha C. Posted Tue November 17, 2009 @ 1:34 PM

And good luck with the card!


by Donno Posted Mon November 16, 2009 @ 6:05 PM

I read your letter with interest, started to think about a reply, and
then read BillR's comment below.

The one thing that crosssed my mind when I started formulating a
reply, Bill mentioned. Treat your credit cards exactly like your car
payment and rent - it has to be paid off every month. It will be
great discipline for you, and should lead to you actually proving you
have learned how to handle credit responsibly.

Buying within your means, on a continuous basis, will also make it
possible for you to save money more easily. There isn't much purpose
in "saving" money, if you also start carrying a credit card balance.
Paying interest on a credit card makes no sense at all unless an
emergency pops up (like an operation, for example), and pretty much
amounts to an extremely expensive loan.

Good luck in the future with credit, and remember to use it carefully
and stay within your budget. If you start carrying a balance, warning
bells should go off that you have swerved into oncoming traffic.


by Bill R. Posted Mon November 16, 2009 @ 5:23 PM

Laura A.,

Sounds like you have figured it out.

Make sure you set up a monthly budget and stick to it.

Don't put anything on a credit card what you can't payoff that month
and you should be on the road to finanical adulthood.



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