Household HSBC Watch

Even bankrupt lenders are looking for a new approach to lending. One subprime lender, the bankrupt Delta Financial, is reemerging as a lender of FHA mortgages and other “alternative” products. The company’s former chief executive, Hugh Miller, along with a small group of former Delta executives, is launching Reliance First Capital, a mortgage company […]

In Shea v Household (HSBC) it was alleged that customers of HSBC sent payments by mail and those payments were credited one day late. Shea v Household covered 1994 through 2004. HSBC bought stained predatory lender Household International in 2002, finalizing the deal in early 2003, thus HSBC Bank plc bears responsibility for […]

Created in April 2002, website BestBuyCard.net informs electronics retailer Best Buy Stores customers and potential customers of the pitfalls of predatory credit card financing. Best Buy uses HSBC Retail Services as the financing for their Best Buy credit card. In reality, HSBC Retail Services is the old Household International retail services, well known […]

Household - HSBC Watch, your source for consumer reports and real life experiences about HSBC and Household International, said over 435,000 consumer report pages were viewed in the last 16 months. “We think this is a valuable step in keeping HSBC honest while monitoring the impact of predatory lending through Household International which is […]

A History of Predatory Lending With an Emphasis On Household International in America
OVERVIEW:
We decided to write this document as a lesson plan for teachers and professors. You decide if it is appropriate for the courses that you teach. Throughout the lesson you will see student questions, summaries, research questions and real life consumer […]

(Send to your new lender)
Letter to Support a Credit Application:
From: Household - HSBC Watch, Consumer Support Division

Subject: Additional Support Documentation
Distribution: This document may be distributed by the recipient
Copies: Signed official copies provided upon request
Executive Summary:
HSBC-RS , HSBC Retail Services is a large “Private Label” credit provider. This means that store charges with Best Buy, […]

This letter explains our research and complaint gathering methods.
Open letter:
To Whom It May Concern:

We are an independent research study which solicits information from those who financed purchases from various stores that use HRS (Household Retail Services) as their method of financing.
Specifically, we are gathering factual reported cases from consumers that financed on a 6 […]

How To File Your
OCC, FTC, Mail Fraud, and Attorney General Complaints
To get results, as a bare minimum you should file a complaint with your state attorney general, the OCC (Office of the Comptroller of the Currency) and the FTC. Your FTC complaint is about the merchant, not the financing. Your OCC complaint is about the […]