A nationwide class action in federal court in Trenton alleges that credit card issuer HSBC didn’t honor its agreements to let delinquent debtors settle their accounts by making installment payments towards a reduced debt total.
The suit, Bradley v. HSBC Card Services, Inc., 11-cv-00447, alleges that the company breached its contracts and committed common-law fraud by offering delinquent cardholders an installment plan to pay off their debts at less than the full amount due; abiding by the plan until the last payment is made; and then declaring the agreement void.
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