Predatory lender HSBC Finance Corp. once backed the K-Mart credit card, but not any more. It appears K-Mart signed with HSBC (Household International) because the troubled retailer needed every dime the could milk from customers. Now it appears they still have customer problems.
On November 28, 2005 advocates were told “We’ve seen a spike […]
A look back at 2005 shows HSBC Finance Corporation’s merchants for what they really are. Ever wonder why this bumbling group of merchants decided to align their customers with a predatory lender such as Household International? Through questionable credit card processing, first with Household International and now with HSBC Finance Corporation (they […]
A visitor mentioned that we forgot to update you on the K-Mart credit card. Looks like the “new Sears” finally dumped the predatory lender. HSBC had their name on the paperwork but the back end was Household International. There was no “world class” service either.
HOFFMAN ESTATES, Ill., Oct. 27 /PRNewswire/ — Sears Holdings […]
November 29, 2005 - As many as 150,000 employees and retirees of the former Kmart Corp. would share $11.75 million in a proposed settlement of a lawsuit against ex-company officials over the investment of pension funds in Kmart’s now worthless stock. In August, the U.S. Securities and Exchange Commission filed civil charges of securities […]
Just one week ago, a three-member arbitration panel cleared Kmart’s former chief executive, Charles C. Conaway, of alleged fraud, mismanagement and corporate looting. Now, the U.S. Securities and Exchange Commission has accused Conaway and former Chief Financial Officer John T. McDonald of misleading investors about the discount retailer’s finances. Conaway and McDonald stand […]
“We consider our proprietary credit card program to be a key component of our retailing concept, and we place a high degree of importance on our relationship with our cardholders,” said Bon-Ton President and Chief Executive Bud Bergren.
For HSBC, the deal is small. The unit of Illinois-based HSBC North America Holdings is the nation’s […]
April 1, 2005, HOFFMAN ESTATES, Illinois:
Sears Holding, which was created last week through a $12.3 billion acquisition of Sears, Roebuck and Co. by Troy, Mich.-based Kmart Holding Corp., plans a “mass layoff” of 250 workers at its headquarters in this Chicago suburb, according to a report filed with the state’s Department of Commerce and […]
Kmart Holding Corp., citing a strong balance sheet and liquidity, said on December 29,2004 it plans to terminate an $800 million credit facility with General Electric Capital Corp. K-Mart plans to merge with Sears.
In November 2004, just before the announced merger with Sears, K-Mart announced that troubled predatory lender Household International would […]
Kmart Holding Corp. is acquiring Sears, Roebuck and Co., in a surprise $11 billion deal that will create the nation’s third largest retailer, it was announced on November 17, 2004.
Only days after predatory lender Household Retail Services, now known as HSBC Retail Services, announced a deal with K-Mart to market a “K-Mart Rewards Card” the […]
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 […]
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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.
We use your individual HSBC complaints and merchant complaint reports to perform trend analysis.
We are not associated with HSBC, Household International, or their merchants.
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