Of Decision One, HSBC writes: “While Decision One makes the final credit decision on these loans, the mortgages are sourced by a network of independent brokers, rather than retail branches open to consumers.” HSBC goes on to make a final distinction: “The lending model of HSBC Mortgage follows a substantially different business model, and offers a different product mix, than HSBC Consumer Lending or Decision One.”
HSBC Mortgage offers normal / prime interest rate loans. HSBC consumer lending, through Decision One, HFC, Beneficial, and many brokers, offers sub-prime loans. IF you were contacted or cold-called by one of these BEWARE. This is the old disgraced predatory lender Household International!
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