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 new bankruptcy law requires debtors to come up with a payment plan to satisfy unsecured creditors like the card companies. So how do credit card issuers really look at the newly bankrupt? During a recent conference Capital One Vice President Mike Rowen checked off for his listeners the things that make the […]

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 […]

Also sometimes called United Recovery Agency, this agency tries to collect on former predatory accounts of Household International, and acts as a bill collector for HSBC. Consumer reports indicate settlement scams by this company. If you are offered a settlement get it in writing and signed by the company, on company letterhead. […]

Relative to a conversation between Household - HSBC Watch and the Office of the Comptroller of the Currency (OCC) the following regulators have oversight and responsibility:

OTS: HFC - Household Finance Corporation (OTS is the Office of Thrift Supervision)
OTS: Household Financial Services
OCC: Beneficial Finance - Beneficial Bank
FRB: Household Retail Services, HSBC […]

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 […]

In excerpts from an Australian article by By Peter Weekes, dated February 24, 2005, we learn GE Money, the consumer division of the world’s largest company, fired the first shot a fortnight ago. Yesterday HSBC, one of the world’s largest banks but a minnow in Australia, stepped up to the plate by slashing its existing […]

Customers have reported to Household - HSBC Watch that errors on the HSBC IVR System - the HSBC interactive voice response system - cause their accounts to be past due. ( See more ) With regard to HSBC Finance Corporation, which is the former name of predatory lender Household International, bad IVR data […]