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Old counterfeit scams target customers in UAE

Developing nations pose unique problems for banks, and HSBC is no different. The old “phony ATM machine cardreader” scam that was once popular in the United States has resurfaced in the UAE. HSBC and other banks have become targets of debit card fraud. Banks in the UAE are warning their customers about […]

HSBC’s Beneficial accuses employee of stealing customer payment

DB in Tennessee said: “I am a former Beneficial employee that was terminated in 2007 for, well — I’m really not sure. I started my career in 2000 as an SA and transferred office locations approximately 10 times over my career and worked for 22 different managers, and 6 different district managers. I experienced […]

Has HSBC poisoned U.S. economic growth?

Carrick MollenKamp of the Wall Street Journal follows HSBC closely. His recent article “HSBC a canary in US mortgage mine” appeared on 12 November. It is interesting to note that HSBC helped to start the entire worldwide credit crisis. “…HSBC said souring sub-prime-mortgage loans had forced the bank to add nearly $US2 […]

About VantageScore - Your New FICO Score

The three credit bureaus insist a new scoring system, called VantageScore, will simplify the credit-granting process. However, they have released so few details about it that industry officials and consumer activists said that the credit-application process could become more confusing for consumers, certainly in the short-term and possibly longer.

One reason: VantageScore will use a […]

Caller ID Helps With Unexplained Calls

IS HSBC calling your home or business as much as 30 times a day? One family, in three days, received more than 38 calls generated by 32 different numbers. All of the numbers were from within Household International, the disgraced predatory lender now owned by HSBC. All came from the 847 area […]

Notice To K-Mart Customers - Who’s Behind That Card

No matter what name you put on it - predatory lender Household International or HSBC (they are the same company) K-Mart has aligned their customers with the troubled credit card operation in an attempt to build “K-Mart customer loyalty.” Is K-Mart headed into bankruptcy again after this move? Time will tell.

November […]