With a short email which said “Very interesting website. I’m the “Shea” in Shea v Household” the volunteers at Household – HSBC Watch were thrilled to hear from James B. Shea. Mr. Shea went on to say he tried to reason with Household International – HSBC but they refused. Even though Household- HSBC paid out $11 or less, knew they were wrong, and complaints were consistent with what we were seeing here at Household – HSBC Watch, they were in denial.
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When asked about foreclosure avoidance Household HSBC Watch, a US based consumer watchdog organization, has simple guidelines. Avoid Household International, HSBC, Beneficial Finance, Household Finance and Decision One Mortgage. When you finance or refinance with a lender that you like, include a page in the contract which forbids the lender (or broker) from selling your contract to any lender or servicer that has been charged with predatory lending, to include the famous and troubled predatory lender mentioned above. If the lender or broker refuses, reduce amounts on the good faith estimate, including loan origination fees and application fees, by 50 percent.
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FBI OPENING THREE TO SIX NEW $100 MILLION
CORPORATE FRAUD CASES EVERY MONTH
WASHINGTON, D.C. FEBRUARY 23, 2005
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It is known within business and marketing areas that approximately 4 percent of consumers actually write complaint letters or voice their complaint. On the other hand, over 70 percent of consumers never do business with the company again. Unfortunately in the financial arena it is more difficult to cut one’s ties with an offensive or predatory company.
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Conal Walsh
Sunday February 20, 2005
The Observer
HSBC has been drawn into an inquiry by Eliot Spitzer, New York state’s attorney-general, into allegations of financial mismanagement at the World Jewish Congress, the US-based lobbying group. The high-profile prosecutor is expected to seek details about an account at one of HSBC’s London branches that was allegedly used to channel questionable payments.
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