Household HSBC Watch

Seen in the Telegraph: “An update on the race to become the first head of a major UK bank to get the chop. Earlier this week Diary discovered that Paddy Power was running odds on which of RBS, HBOS, HSBC and Barclays would be first to lose their chief exec. The hot money was […]

Experian has announced the launch of Collection Triggers, a collections solution that monitors a company’s portfolio of collections accounts and identifies new information indicating the possibility of recovering the debt.

“Our clients have been asking us to help solve the debt dilemma — when collection efforts go cold, the consequence is a huge burden of unpaid […]

Oct. 26, 2005–Fair Isaac Corporation, the leading provider of analytics and decision technology, today announced that London-based HSBC Holdings plc (HSBC), one of the world’s largest banking and financial organizations, has implemented Fair Isaac’s Fraud Predictor with Merchant Profiles. The next-generation fraud detection solution will provide HSBC with advanced capabilities for cutting fraud losses and […]

Last Modified: 14 Sep 2005 , Source: ITN
Customers are being overcharged by up to £1 million a year for credit through store cards and associated insurance. According to the Competition Commission, interest rates are also between ten and twenty per cent higher than necessary. As a result, cardholders have […]

Effective June 2004, Household - HSBC is the third largest private label provider in the US with just under 15 billion in managed receivables, some 14.4 million active accounts, 60 merchant relationships and about 2,300 employees in seven locations.

Figures come from a special presentation on HSBC’s position in the US private label cards market given […]

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 […]

Applying for a Loan?–Start by Ordering Your Credit Report
If you are considering applying for a loan, ordering a copy of your credit report may well be the best place to start. Why? Because it?s also the first thing a potential creditor will be looking at, and even if you pay your bills on time, […]

Predatory Lending, defined
Predatory lending means imposing unfair and abusive loan terms on borrowers, often through aggressive sales tactics, taking advantage of borrowers’ lack of understanding of extremely complicated transactions, and outright deception. Predatory loans turn the dream of homeownership into a nightmare, in the worst instances ending in foreclosure. (courtesy ACORN.ORG)

Predators Indentified by […]