Household HSBC Watch

The following evolved into a dedicated page. Read “The HSBC Killzone” to see how this evolved.

A question often asked by those harmed and hurt by HSBC is how they determine who to hurt financially. Early in the investigation one could not determine if people were targeted by their credit scores. Common sense […]

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 […]

In a formal letter to the Federal Trade Commission (FTC) HSBC addresses debt collection by email:
1441 Schilling Place Salinas, CA 93901 June 27, 2005

“The Commission has also asked whether debt collection e-mails should be considered commercial. We do not believe a debt collection e-mail should be considered a commercial e-mail. A debt collection e-mail has […]

Programmers at Household - HSBC Watch are busy this time of year with major re-writes for 2006. Current forums will be archived for reference only, and closed to future posts and replies. The 2006 forums require registration before posting - a move driven by security.

One new feature is the ability to file complaints […]

These are the current top stories based on visitor demand:

Most Reads Per Day

Is HSBC-NV Identity Theft or Simple Error?Tot: 151, Avg: 38, Max: 43
Andrew Armishaw Needs to Explain hrsaccount.comTot: 130, Avg: 32, Max: 38
Regarding Sherman Acquisition Collections and NAFSTot: 116, Avg: 29, Max: 37
HSBC Retail Services Carol StreamTot: 77, Avg: 19, Max: 30
United Recovery SystemsTot: […]

Who is to blame and who bears the responsibility if a sales person tells you something that is not true? Take this actual consumer report as an example:
“Tom Wheelis told me in no uncertain terms that my total cost of the purchase was $1591.02 and no payments were due until one year from date […]

Americans are shocked by rising gasoline prices, the OCC’s increase in minimum payments for credit cards, natural disasters and tight budgets. Already reeling from events spiraling out of control they take no comfort in changes to bankruptcy laws and other changes which are unfriendly to the consumer. Our new and popular series on […]

The new Household - HSBC Watch series on debt collectors is number one this week. We were prompted to write the series of articles after receiving a consumer complaint which said the account was placed in collections but the customer never received the credit card, never received a statement, and never received a phone […]

If you are called by a debt collector beware of their caller ID system. “NEVER call them using your home telephone or cell phone” say consumer advocates at Household - HSBC Watch. “These companies have caller ID systems on steroids, so be very careful” the group said. Recommendations include using ‘voice over […]

It was reported to us today, via our helpline, that Sherman Acquisition is a collections agent for Best Buy. Therefore, since Best Buy accounts are actually HSBC Accounts, one must conclude that Sherman has a business relationship with HSBC. This division of HSBC is the former Household International. Our helpline caller stated, […]