Household HSBC Watch

A customer in India (Madhya Pradesh) thinks HSBC has hidden international currency conversion charges. The customer claims he cannot get a straight answer. Here is his report so you can decide for yourself:

“I purchased an item using my HSBC credit card in US dollars on the Internet. The seller turned out to be […]

Alex Hungate said: “I want to help HSBC grow by maintaining a relentless focus on the needs of its customers. In this role, with its combination of global leadership of the Personal Financial Services business plus the marketing function, I want to ensure that our services always deliver on the powerful promise of the HSBC […]

When HSBC lost money due to HSBC Finance the bank worked very hard to turn a profit elsewhere. Developing nations held the wolves at bay as those opposed to HSBC’s Household International remain posed to file suit if the bank turned shareholder profits into a loss. Others may still file suit claiming $10.6 […]

Although many claim HSBC already knows what their quarterly results might be, publishing the information is another story. The Securities and Exchange Commission is also looking at subprime mortgages. The worry at HSBC is HSBC Finance, formerly Household International, and HSBC USA.

Rising interest rates, combined with falling home prices, have caused many subprime […]

Sharon mentions fraudulent credit insurance in this report: I am being billed $106 for credit insurance that I did not authorize, yet HSBC is saying I did when I applied for a Gardner White Furniture credit card. According to HSBC, the purchases were made in June & August 2005, yet I am just […]

HSBC wanted to buy a predatory lender. The purchased Household International in 2002 to satisfy their desire. Now those customers are at risk as HSBC predicts a recession for the United States. Already beaten down and strangled by HSBC’s oppressive terms and conditions these very same customers were hit harder by rising […]

Both the Department of Justice and the Internal Revenue Service visited our website today. The IRS researched 1099 C (cancellation of debt) while the DOJ researched ‘HSBC Consumer Alert’. Since both areas are fully researched and documented by our staff we have material dating back to the old days when […]

Payments over the Visa and MasterCard networks involve at least five parties. When a cardholder presents a credit card to a merchant for payment, the merchant swipes the card and transmits the information encoded on the magnetic strip on the back of the card to an acquiring bank (or, sometimes, a third party processor). This […]

Wednesday, April 26, 2006 - BOCA RATON — When thousands of dollars in high-end jewelry started disappearing from display cases in Saks Fifth Avenue, Vincent Ognibene was assigned to investigate. Ognibene, an asset protection detective at the store at the Town Center mall, monitored the daily inventory counts and reviewed surveillance tapes, but he […]

As recent opinion in our blog said:
“Their customer care, as they like to call it, - Where is it? HSBC HAS THE WORST CUSTOMER CARE! I have never received customer service like this. I plan to cancel all credit cards with HSBC. You read their website with false statements claiming “customer service is […]