Traditional credit scores haven’t done a good job in accessing risk for non-traditional mortgage products such as interest-only loans and option adjustable rate mortgages, says a senior executive with HSBC Holding Plc, a British international banking giant.
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Category: 2006 HSBC, In the U.S.
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HSBC’S top executives are to lose out on their lucrative performance bonuses this year as a result of the chronic underperformance of the company’s shares.
Category: 2006 HSBC, In the U.K., In the U.S.
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I signed up for Best Buy card and there was a question would you like to sign up for master card. No terms and condition nothing. Then on the statement I found out it has 19% apr and my credit score is pretty good, next year for no reason no late payments nothing they increased it to 22% and put $ 99 annual fee. When I called them to close the account the said they will wave it and send me best buy gift card. it has been going on for 3 years, this year in october hte same story, I called them and wanted to close the account, , I was going to refinance my house so i did not kow how it is going to affect my score, Customer service rep. said I can close it anytime , decide and call back, that they will wave the fee. I called today, they told me i have to pay that $99, no excuses. I have closed the account and have to pay 99 fee for nothing. Just because I listened to them and called back. Is there any way I can get help, is it my fault? Is there any lawyer or anybody who can help me ?
Category: 2006 HSBC, In the U.S.
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WASHINGTON - HSBC Holdings PLC, the world’s third-largest bank, said yesterday it will be hurt by its exposure to controversial mortgages that helped spark the U.S. housing boom, but which are now coming up for renewal.
Category: 2006 HSBC, In the U.S., Predatory Lending
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Just in time for the holiday season thieves found a way to steal the remaining balance on store gift cards. They take the information from the gift card, put the card back on the sales rack, and then wait for someone to buy it and activate it. Thieves call the telephone number on the gift card to find out if it has been activated. Once it has, thieves take all of the remaining balance.
Category: 2006 HSBC, In the U.S., Scams
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