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HSBC Defers Payments and Waives Fees for Katrina Victims

by Peter Andrew
HSBC Defers Payments and Waives Fees for Katrina Victims

When you have no home or can’t go back to the home you have, it’s tough to pay your bills. So HSBC-North America is allowing customers in regions of Louisiana, Alabama and Mississippi affected by Hurricane Katrina to defer their payments without penalties, and without reporting delinquencies to credit reporting agencies. HSBC customers who live in FEMA-designated Individual Assistance disaster areas resulting from Hurricane Katrina can delay their payments for 30 days.

HSBC-North America also will waive late and over-limit fees or other penalties that might normally be assessed. HSBC is a financial company that operates under HFC, Beneficial, HSBC Auto Finance and other names in different North American regions. In the credit card field, HSBC issues HSBC Bank, Household Bank credit cards, as well as HSBC-issued retail cards.

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