Does HSBC call you on Sunday, even from India? On June 10, 2008, the FTC said this relating to an FTC suit against CompuCredit (a credit card issuer) and Jefferson Capital (a debt collector) -
Archive for » December, 2008 «
Category: Stop Abuse 2009
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Where can HSBC get the capital it needs? Even when United States regulators are asleep it will be hard to pull $14 billion from questionable late payments, over-limit fees, and annual fees. Even as the United States TARP program loses track of where the money was supposed to go it is hard to pack enough insurance to raise $14 billion.
Category: General News
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Anyone who buys something with a credit card should understand that there are 13 months in the year. There are 13 months because the billing cycle is shorter than the month. For instance 365 days in a year, divided by a 28 day billing cycle, means there are 13.057 months in a year. IF you set up your bank bill-pay system to make your credit card payment you will be making late payments after 4 or 5 months.
Category: Subprime
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I propose a new initiative for HSBC customers, for the months of January, February, and March 2009. I call the initiative “Guidelines for paying HSBC in 2009” and it involves how to send your payments to HSBC in 2009 using priority mail and delivery confirmation. Please read this carefully and entirely!
Category: General News, Stop Abuse 2009
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In HSBC events around the world, HSBC Amanah opened three new Shariah branches in the cities of Bandung, Surabaya and Medan to coincide with its 10th year of operation in Indonesia HSBC Malta has created a 100 million Euro fund to support Maltese businesses. It forms part of HSBC Group’s new US$5 billion global working capital fund aimed to ensure that business customers continue to have access to appropriate credit through the current financial and economic crisis.
Category: General News
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