HSBC Watch News Release Forum Index
Forum Name: - Opinions
Topic Title: Household Drags Down HSBC and Entire UK Stock Market
Sun Nov 21, 2004 9:43 am
It is easy to see the devastating impact Household and Aldinger will have on the world markets when the company implodes. Sir John Bond, in the golden years of his life, wants to leave a legacy that he can be rightfully proud of. Nobody wants to go out on a bad note. Fortunately or unfortunately, one is often remembered for the major incidents preceeding retirement.
November 16, 2004:
HSBC Holdings PLC's Household International Inc. unit said third-quarter profit fell 32 percent as it set aside more money for problem loans and costs for ''support services'' from HSBC affiliates. Net income at the Prospect Heights-based consumer-finance unit of Europe's largest bank by market value fell $322 million from $472 million a year earlier, London-based HSBC said. About a quarter of HSBC's profit comes from Household.
Sun Nov 21, 2004 11:27 am
Enough people have been taken advantage of by this company. Mortgages, income tax refunds, credit cards, store finance plans, auto financing, etc.
Settlements are unsatisfactory, and lives have been hurt. They said that only 50% of homes had the internet last year, but it is growing. Hopefully more people will research stuff before they fall for scams.
Mon Dec 06, 2004 9:56 am
Lydia J. wrote:
Enough people have been taken advantage of by this company. Mortgages, income tax refunds, credit cards, store finance plans, auto financing, etc.
Settlements are unsatisfactory, and lives have been hurt. They said that only 50% of homes had the internet last year, but it is growing. Hopefully more people will research stuff before they fall for scams.
Settlements are unsatisfactory, and lives have been hurt. They said that only 50% of homes had the internet last year, but it is growing. Hopefully more people will research stuff before they fall for scams.
And we can do our part by continuing to inform as many people as we can, either in person or through message boards, exactly what this company does and how it operates.
I try to get people to ask a retail store what financing lender they use. For my part, if they say Household, I walk out, but not before telling them why.
Do not underestimate the power of word of mouth, I always say!
Mon Dec 06, 2004 3:12 pm
[quote="LostHearts"][quote="Lydia J."]Enough people have been taken advantage of by this company.
I try to get people to ask a retail store what financing lender they use. For my part, if they say Household, I walk out, but not before telling them why. quote]
I've done and recommended the same with retailers when shopping. Appliances, carpet, electronics, etc have many sources of financing, so I shop with the best reputation accross the board.
ATV's, jet ski, motorcycles(high dollar impulse items) are nearly all financed by the dealer through HSBC/Household, almost to the point of monopoly.
One alarming trend is asset portfolio sales, acquisitiions,and mergers. Any of which can take the most cautious by surprise. Amazing the number of late payment complaints we receive following and during such transitions. Many from people that avoided HSBC/Household like the plague and never would have made the purchase or financed had they been aware their account would be reassigned.
Drew
Wed Feb 23, 2005 7:54 am
HSBC, Household, Household International Or Beneficial are so disreputable that I do not believe they have less income or profit.They are hiding it. They steal HUNDREDS of MILLIONS of DOLLARS every MONTH with their unearned late fees, higher interest rates and fees that God only knows what they are for.
We can expose them through the internet and email. Keep posting, reading, talking and emailing. I am also writing all my legislators. Evidently the large law suits they lose don't even phase them. But why should it when they take so many homes illegally. They are so low they will even go after people who don't have an account with them.
Aldinger, I am sure is a charming con artist and heavy contributor to every politician. He certainly put his spin on Bush.
And this website lists every business that uses Household to carry their loans. Stop doing business with all of those companies and tell them why.
We monitor customer trends for possible violations of Regulation Z and other possible illegal actions.