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Reason for HSBC high delinquencies cited

BR in California said: “I am reading BUSINESSWEEK - Feb 18, 2008 edition - page 36 - regarding CREDIT CARD SECURITIES.

I quote “The consultancy Risk-Metrics recently analyzed 14 larges pools of credit-card assets and found that delinquencies and bad loans had jumped by as much as 19% in the last six months of 2007.
Among […]

Bankruptcy system penalizes those who do the right thing

LM in Connecticut says: “Due to loss of our house in Michigan in turn due to the depression in that state and our stupidity with finances (all eggs in one basket: that house), we are filing bankruptcy. Once we made that decision, the harassing calls have not stopped, in particular the “toll free […]

HSBC ALERT - 1099-COD from HFC not as agreed when foreclosure halted

BW in South Carolina warns: “After considering bankruptcy, we were forced to tell HFC to accept our offer or take our home. To say the least, this was a very gut-wrenching time for us. When they agreed at the last minute, we thought we had finally detached ourselves from the scum balls that […]

Connecticut Resident Claims HSBC Commits Fraud

CF in Connecticut said: “HSBC has attempted to commit fraud by padding a payoff statement by$2445.00. The reason I claim this is by their record supplied to me by HSBC in the form of an activity report demanded by me. As part of a bankruptcy filed and discharged in 2005, three (3) payments were to […]



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