I used to work for Household Finance. The live check is a way of Household Finance to identify that you are in financial trouble. If you cashed a check at 21% interest from an unknown bank in the mail, then you probably are having money problems. The process is then in effect to constantly upsell you, to a line of credit, an equity line, then eventually to get your first mortgage. Its done by playing with numbers showing monthly savings, saying if you consolidate your loans you’ll save money. Be wary because usually they include a proposal that consolidates your 4 year car loan over 25 to 30 years, which obviously shows a monthly savings. Its a company that preys on financially unintelligent poor people. By the way they will slip in insurance on top of their loans and credit offers, making the consumer think its not optional, when they are breaking the law with this deceit.
Archive for » 2008 «
A reader sent this success story: “Lost mortgage due to HSBC Credit report – after a long fight – I WON and HSBC CHANGED.
Short story – HSBC Best Buy indicated they charged off my account in 1/05. I was never informed of this, brought the account up to date and it has been current for over two years. In 10/08 they reported to the credit bureaus that it was charged off. I called HSBC Best Buy and was told that they don’t have to inform consumers of what HSBC does.
In this article you will learn about FFPM Carmel Holdings, or “How to lose a lawsuit by not showing up in court” combined with “Oh we did not have a license as a debt collector.”
On Christmas Eve, police are investigating a shooting incident which resulted in the death of an employee of HSBC and her husband. Authorities responded to a report of bodies in the HSBC parking lot before noon Wednesday. Officials found the deceased bodies of a male and female with what appeared to be gunshot wounds. Police say initial investigation indicates this was a murder/suicide with the suspect and victim being husband and wife. The shooting incident happened shortly before noon in the parking lot of HSBC Card Services, 2200 East Benson Road in Sioux Falls South Dakota.
We received this via email today: “There seems to be something very corrupt going on. HSBC ousting many former Household employees with more than 15 years of employment. I was terminated from HSBC for violating policy. I worked for HSBC for 15+ years, was never is trouble, met goals, and did above and beyond what was expected. I left after being terminated with a ONE sentence explaination. If you have been terminated by HSBC and have more than 10 years of employment POST your story. If you know of someone let them know there are others out there. HSBC is cutting corners to save on benefits at the expense of their loyal employees.”
