Sick and tired of settlement scams and offers, only to find out that you’ve been scammed? We are too, and the problem goes well beyond Sherman Acquisition, HSBC, Household International, Retail Services and the companies we discuss here at Household – HSBC Watch. Our new website, SettlementScams.com goes live in a few days with tips and tricks to protect you from those that are trying to take your money.
Popularity: 18% [?]
It was reported to us today, via our helpline, that Sherman Acquisition is a collections agent for Best Buy. Therefore, since Best Buy accounts are actually HSBC Accounts, one must conclude that Sherman has a business relationship with HSBC. This division of HSBC is the former Household International. Our helpline caller stated, however, that after paying Sherman as agreed they began receiving calls from 716-650-6240 and 866-529-1899. The new collection agency demanded twice as much as the balance from Sherman Acquisition. In tracing the number this is what we found:
Popularity: 28% [?]
We received this question from a website visotr: “How do I trace back what HSBC is claiming I owe. This has been outstanding the collection agency says since 98. I never had this account, however, would like to know what account is sueing me. The collection agency is no help. Do you know who I can get this information from?”
Popularity: 15% [?]
Regarding United Recovery, a guest reported:
“In the course of my ongoing cash-flow problem I’ve recieved calls from a few other collectors; none are as offensive as HSBC. In fact, none would rate a close second. SOME of HSBC’s reps have been pleasant. However, it seems the very structure of HSBC’s “attempts to collect a debt” tends to turn every call into an interrogation.”
Popularity: 13% [?]
LONDON – HSBC Finance Corp, the US consumer lending arm of UK banking group HSBC Holdings PLC, has delivered stronger first-quarter profits, helped by a decline in bad debt provisions. HSBC Finance Corp, formerly known as Household International, said pretax profits for the three months to March 31 came in at 967 mln usd, a 37 pct increase on the same period last year. Net income, or profit after tax, was up 33 pct on the year at 626 mln usd. The improvement came as lower bad debt provisions and a jump in revenues from activities other than lending outweighed a flat performance in the core consumer loans division. The bad debt charge fell 9 pct on the year to 841 mln usd, while non-lending revenues rose 20 pct to 1.462 bln usd. Income from lending came in at 1.888 bln usd, little changed from 1.820 bln usd one year earlier.
Popularity: 14% [?]
Legal Info
Household HSBC Watch is a watchdog and consumer advocacy organization.
We monitor customer trends for possible violations of Regulation Z and other possible illegal actions.
We use your individual HSBC complaints and merchant complaint reports to perform trend analysis.
We are not associated with HSBC, Household International, or their merchants.
Some items are used by permission granted in the Fair Use guidelines of the 1976 U.S. Copyright Act.
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