Household HSBC Watch

A Tuesday night episode of Boston Legal exposed the credit card industry for what they really are. When any industry goes beyond what is reasonable and prudent in the interest of profit it is a travesty. Boston Legal put the industry on prime time for what they really are, but the show contained […]

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 […]

There is more competition for Household Auto Finance. Wachovia made a move recently. “We see any optiion other than HSBC Finance Corporation as a positive step for consumers” said Household - HSBC Watch.

The Associated Press
Monday, September 12, 2005; 7:55 AM
CHARLOTTE, N.C. — The financial services company Wachovia Corp. on Monday said it agreed […]

Here is new information provided to Household - HSBC Watch consumer advocates regarding the compliance department for Household Auto Finance - which is also HSBC Auto Finance.

HOUSEHOLD AUTO FINANCE COMPLIANCE DEPARTMENT
ATTN: JOSEPH TRUNK COMPLIANCE MANAGER
FAX (858) 492-6350
HOUSEHOLD AUTOMOTIVE FINANCE CORPORATION
200 SOMERSET CORPORATE BOULEVARD BRIDGEWATER, NJ 08807
PHONE (908) 203-2461
FAX (908) 781-4282
We are filing this […]

This information is from the State of Illinois registered corporations:
HSBC Auto Accounts Inc.
5855 Copley
San Diego CA 92111
Ph (888-317-2788)
Fax (858-492-6328)
and Ph (619-609-2000)

HSBC Auto Finance Inc.
5855 Copley
San Diego CA 92111, same phone numbers
HSBC Auto Finance Inc.
2701 Highpoint Oaks Drive, Suite 210
Lewisville TX 75067

Insurance is offered through insurance agents of HSBC Insurance Agency (USA) Inc., a wholly owned subsidiary of HSBC Bank USA, National Association, and an indirectly wholly owned affiliate of HSBC Holdings plc. Products and services may vary by state and may not be available in all states.

“This is a little clearer than some of […]

In the poll conducted for The Associated Press and AOL News, 64 percent said gas prices will cause money problems for them in the next six months. In April, 51 percent expressed such concerns. Those most likely to be worried were people with low incomes, the unemployed and minorities. However, the level […]

DH in Ohio said “I applied for a car loan with household auto in july of 2001. The inquiry never appeared on my credit report. I believe that they gave me an unfair interest rate. I have called and they told me that they used Equifax. This inquiry is not on any old Equifax reports.”

“Now […]

On May 26, 2005, more news about General Motors (GM) and their troubles added fuel to the fire. GM already tasks predatory lender Household International, now called HSBC Finance Corporation, with processing and handling the GM credit card. Missing records and identity theft issues were traced to the GM card. “Our point […]

Finance companies buy loans from car dealers just after the sale is made. They typically buy loans at a discount of 1% to 15% of the loan’s principal amount. It then collects on the loan or, if things go bad, calls the repo man to take the car back. “You can read more about […]