Household HSBC Watch

Household and HSBC were accused of crediting payments “late” for almost ten years, from 1994 through 2004. Did the fraud stop? This is from December 31, 2004:

“”Had I not initiated contact with HSBC - Household, they would still be reporting me delinquent. They claim the incorrect address was harvested from my credit […]

2004 has come to an end as has the holiday buying season. The advertisers’ hard sell was a sight to behold. Financing plans, rebates, buy more flashier things. Make the retailers dreams come true. The holiday season is the basis for their annual sales figures. Was it a good season? […]

Although Household International changed its name to HSBC Finance Corporation on Decemeber 15, 2004, consumer watchdog organization Household - HSBC Watch says Canadian operations are uneffected at this time.

“Note that the name of the Canadian operating entity, Household Financial Corporation Limited is not affected by these changes at this time” the group said.

12 things a debt collector cannot do:
Contact you at inconvenient times or places, such as before 8 a.m. or after 9 p.m., unless you agree;
Contact you at work if he/she knows that your employer disapproves of such contacts;
Use obscene language;
Repeatedly use the telephone to annoy you;
Make false or misleading statements or writings, such as falsely […]

Did you know Best Buy leases two stores from its chairman at an annual cost of $950,000?
Did you know Chairman Dick (Richard) Schulze also owns 16 percent of Best Buy?
Did you know Best Buy receives ongoing compensation from Household International - HSBC Finance Corporation for credit card interest, late fees, past due fees and overlimit […]

Best Buy IT workers filed a class-action lawsuit last Wednesday claiming that the Richfield, Minn.-based electronics retailer engaged in a pattern of age discrimination in terminating their jobs. The plaintiffs range from 40 to 71 years old, and their average age is 51, according to the lawsuit, which was filed in U.S. District Court in […]

Best Buy’s returned purchases, restocking fees and customer rebates are under investigation in Florida by Attorney General Charlie Crist as possibly unfair and deceptive trade practices.
Best Buy’s attorneys, in a Collier County Circuit Court filing, are asking a judge to limit the information Crist is seeking and force him to justify the investigation first. […]

A subsidiary of H&R Block Inc. said Tuesday it has agreed to pay $500,000 in fines to settle charges that two former brokers helped a hedge fund engage in improper trading practices.
The National Association of Securities Dealers, the brokerage industry’s self-policing organization, also required the investment division of the world’s largest tax preparer to pay […]

The three largest credit reporting agencies (CRA’s) have a big impact on your personal credit. These agencies, also referred to as credit bureas, are for-profit companies. Trans Union, Equifax, and Experian correction form letters are available on Household - HSBC Watch in their “Credit Bureaus” category seen here.

Kmart Holding Corp., citing a strong balance sheet and liquidity, said on December 29,2004 it plans to terminate an $800 million credit facility with General Electric Capital Corp. K-Mart plans to merge with Sears.

In November 2004, just before the announced merger with Sears, K-Mart announced that troubled predatory lender Household International would […]