This is from Fitch, on November 3: “Fitch Rates HSBC Automotive Trust 2005-3 [which] marks HSBC Automotive Finance Corp.’s (HAFC) 17th Fitch-rated securitization backed by retail loans to subprime borrowers… As of Oct. 23, 2005 (the cut-off date), the receivables consisted of $1.37 billion in loans to subprime borrowers with weighted average FICO scores of […]
When is your home loan placed with HSBC Mortgage Services (HSBC USA) on the reputable side of the bank? When is your mortgage shuffled to Decision One and Household Finance or HSBC Finance Corporation and the troubled predatory side of the organization? Often asked and little known facts are now available. The […]
U.S. Gen. Charles Wald, deputy commander of the European Central Command, has been warning Congress and the Pentagon for months that al Qaeda-affiliated groups are active in Mauritania, Mali, Chad and Niger. The trade in diamonds used by terrorist groups, begun under the protection of former Liberian strongman Charles Taylor, continues despite international efforts to […]
Credit Monitoring reported to Household Watch that the average FICO credit score dropped 50 to 90 points when the consumer is reported as “late 30.”
When HSBC reported payments as “late” and was sued and settled under Shea - Household, the cost of credit soared for many consumers who did nothing wrong. HSBC owned Household […]
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An open letter to HSBC, Knight Vinke and Stephen Green
We monitor customer trends for possible violations of Regulation Z and other possible illegal actions.
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