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. They must mail the settlement to you. You sign the settlement, keep a copy, and mail the completed document back to them. Send it with proof of delivery required. Make sure you have mail fraud and wire fraud on your side if it goes bad. Telephone agreements do not protect you and they will come after you again for any balance due. In a true settlement you may get a 1099 and it may be reported to the IRS.
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Category: 05 Insider, 05 United Recovery, Credit, You Should Know
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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:
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 recent weeks. Consumer watchdog organization Household - HSBC Watch said www.hrsaccount.com supports accounts for predatory lender Household International, now called HSBC Finance Corporation. See a letter to the FBI and regulators.
Category: 05 HSBC - U.S., Credit, Credit bureaus, Pay Online, Racketeering, You Should Know
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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 low-rate card to zero per cent for transfers. “We have seen the introductory rate war and now we are seeing the transfer rate war,” Denis Orrock, chief executive of bank monitoring company InfoChoice, said.
Category: 05 HSBC - U.S., Credit, HSBC Global, You Should Know
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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 is an automated way of perpetrating what was done manually for over 10 years. See Shea v Household by signing in to the document library as a guest.
Category: Credit, HSBC Global, HSBC North America, You Should Know
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