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Archive for » September, 2006 «

High interest tax loans, unsolicited live checks and oppressive contract terms aside, HSBC Finance Corporation has the ability to hurt your children too. In fact they are targets, and less likely to discover identity theft.

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HSBC’s high interest tax loan partner H&R Block Inc. reported a bigger net loss during its fiscal first quarter late Thursday as the tax-preparation company was hampered by loss provisions of more than $100 million in its mortgage-services business. The company said that it had a net loss of $131.4 million, or 41 cents a share in the period vs. a $28 million loss or 8 cents a share a year earlier. First-quarter revenues were $540.8 million, compared with $615 million a year ago.

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