Household HSBC Watch

(Colorado Springs, CO, July 28, 2005) - The Better Business Bureau of Southern Colorado, along with Colorado’s 18th Judicial District Attorneys Office is advising consumers to be very careful when ordering copies of credit reports on-line.

As more consumers learn about a new federal law that entitles every US citizen to obtain a free copy of […]

The Federal Trade Commission said AnnualCreditReport is the only valid free credit report service. Experian, a credit reporting agency, was found guilty of fraud as they advertised free credit reports, but in reality consumers were charged when they didn’t cancel the service within 30 days. “The website above is the real one, and […]

The Federal Trade Commission said there is only one authorized site where consumers can get their free credit reports as part of the 2003 law. That site is http://www.annualcreditreport.com _ and it now has reports available for people in the Western and Midwestern United States, as well as much of the South. The phased-in […]

The national average credit score is 678 as of summer 2005. Researchers at Household - HSBC Watch follow the impact of predatory lending and predatory credit card processing by HSBC and their holding company formerly known as Household International. In many cases - more than what one would expect from a reputable organization […]

When a consumer disputes credit information on his or her credit report, the three major credit bureaus, Experian, formerly TRW, Equifax, and TransUnion, must notify each other of the reinvestigation. In the past, it was the consumer’s responsibility to notify each bureau. As of 1997, credit bureaus are required to use information supplied by […]

Andrew Armishaw, group executive and chief information officer at HSBC has some explaining to do. Consumers have reported in recent weeks that HSBC’s online payment website, www.hrsaccount.com , will not let customers pay their accounts online. The number of complaints about the online payment website rose to an all time high in […]

Report that you may be the victim of identity theft with at least one of the three major credit bureaus — Equifax (www.equifax.com or 800-685-1111), Experian (www.experian.com or 888-397-3742) or TransUnion (www.transunion.com or 800-888-4213). That bureau is required to notify the other two.

Consumer Watchdog organization Household - HSBC Watch says you can visit their […]

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 […]

Household and HSBC were accused of crediting payments “late” for almost ten years, from 1994 through 2004. Did the fraud stop? This is from December 31, 2004:

“”Had I not initiated contact with HSBC - Household, they would still be reporting me delinquent. They claim the incorrect address was harvested from my credit […]

12 things a debt collector cannot do:
Contact you at inconvenient times or places, such as before 8 a.m. or after 9 p.m., unless you agree;
Contact you at work if he/she knows that your employer disapproves of such contacts;
Use obscene language;
Repeatedly use the telephone to annoy you;
Make false or misleading statements or writings, such as falsely […]