This is from Fitch, on November 3: “Fitch Rates HSBC Automotive Trust 2005-3 [which] marks HSBC Automotive Finance Corp.’s (HAFC) 17th Fitch-rated securitization backed by retail loans to subprime borrowers… As of Oct. 23, 2005 (the cut-off date), the receivables consisted of $1.37 billion in loans to subprime borrowers with weighted average FICO scores of 612 and a weighted average APR of 13.48%…
Archive for » November, 2005 «
Category: 05 All Articles, 05 AutoFinance, 05 How It Works
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Is this a forged dual-application from Best Buy? A lack of communication within the family? It is, however, a good example of their MarterCard application which claims “$0 to $99 fee” which is usually $99 no matter what. For new merchants, this poses a problem. Will Liz Claiborn and Saks customers appreciate it when money disappears from their bank accounts? Watch for more fraud and more credit scams from HSBC this holiday season.
Category: 05 All Articles, 05 Compliance, 05 Regulators
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For those that want to follow HSBC, predatory lender Household International, and what’s going on behind the scenes, try our daily newspaper. Just bookmark the page for daily reading and learn the secrets they don’t want you to know. Combined with our daily analysis that catches irregularities in HSBC press releases, the HSBC Watch daily newspaper is more than just HSBC.
Category: 05 All Articles, 05 How It Works, Programming, Technical
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KANSAS CITY, Mo.–(BUSINESS WIRE)–Nov. 17, 2005–H&R Block Inc. (NYSE:HRB) today reported a net loss of $72.2 million, or 22 cents per share, for the second quarter of fiscal 2006 compared with a loss of $49.9 million, or 15 cents per share, in the year-ago quarter. Revenues in the quarter rose 14 percent to $620.4 million from $542.0 million in the prior-year period, with all business segments contributing to top-line growth.
Category: 05 All Articles, 05 Tax Masters
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Why did Liz Claiborne sign a credit card deal with former predatory lender Household International? Are they following the expansion example of non-performing Saks, another Household International (now HSBC) merchant? Here’s the answer:
