A recent article reported that one’s FICO score can drop by more than 65 points if your credit card company does not report your limit to the three major credit bureaus. The omission can be costly when you apply for credit. Capital One omits the information. Equally costly, according to Household – HSBC Watch consumer advocates, is reporting one account in three slightly different ways.
Popularity: 6% [?]
2004 has come to an end as has the holiday buying season. The advertisers’ hard sell was a sight to behold. Financing plans, rebates, buy more flashier things. Make the retailers dreams come true. The holiday season is the basis for their annual sales figures. Was it a good season? Did more merchandise get out the door than will be returned? Were they able to hit their projected sales figures?
Popularity: 18% [?]
Did you know Best Buy leases two stores from its chairman at an annual cost of $950,000?
Did you know Chairman Dick (Richard) Schulze also owns 16 percent of Best Buy?
Did you know Best Buy receives ongoing compensation from Household International – HSBC Finance Corporation for credit card interest, late fees, past due fees and overlimit fees? See More.
Popularity: 16% [?]
Best Buy IT workers filed a class-action lawsuit last Wednesday claiming that the Richfield, Minn.-based electronics retailer engaged in a pattern of age discrimination in terminating their jobs. The plaintiffs range from 40 to 71 years old, and their average age is 51, according to the lawsuit, which was filed in U.S. District Court in Minnesota. The charges relate to layoffs that were announced in April, when Best Buy said it planned to outsource its IT operations to Accenture Ltd., and to a smaller round of cuts that took place in October 2003.
Popularity: 7% [?]
A subsidiary of H&R Block Inc. said Tuesday it has agreed to pay $500,000 in fines to settle charges that two former brokers helped a hedge fund engage in improper trading practices.
The National Association of Securities Dealers, the brokerage industry’s self-policing organization, also required the investment division of the world’s largest tax preparer to pay $325,000 in restitution to mutual funds affected by the improper trades. The subsidiary, H&R Block Financial Advisors Inc., said it agreed to settle the case without admitting wrongdoing.
Popularity: 6% [?]
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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