William Aldinger leaves HSBC Bank for retirement, taking approximately $36 Million (USD) for three years of “work.” But as legacies go Aldinger shall forever remain famous in the field of predatory lending. His children will constantly hear the reminders of the elderly like Mr Myers. Myers, 66, was left owing a third more than his home was worth, scaring away rival lenders that might have come to the rescue. Madie Wilson, age 89, was evicted from her home. Running a pay for performance oriented predatory lending operation that was out of control, Aldinger and his employees sought blood money through lies and deception. “Even federal regulators didn’t want to take responsibility for Household Finance Corporation” said a member of the OCC in an interview with Household - HSBC Watch.
Related posts:
I am currently a victim of HSBC’s predatory lending practices. Not unlike the examples given above, I have lost many a investor and others willing to aid me out of my predicament because they have added fees in excess of 50K to my actual loan balance. (I am facing foreclosure). This excess not only eats up all of my equity, but is wrong. They are truly trying to force me out of my home. I wish there were something I could do. My actual balance is 127K and an investor offered 135K–current market value of home is 160K. Is there anything I can do?