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HSBC Merchants in Trouble - Will they sacrifice your credit?

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 […]

Household International Retailer Still Closing Stores

The Kansas City Saks store is closing. In October 2004 Saks Fifth Avenue Enterprises , a business segment of retailer Saks Incorporated , announced it intends to close eight Saks Fifth Avenue stores and three Off 5th stores. Saks receives ongoing compensation from scandal plagued Household International.

Consumer watchdog organization Household Watch reminds consumers that […]

Predatory Lender Acquires Marks & Spencer Group’s credit card business

Sandra Derickson, a Household vice chairwoman, claimed Household’s and HSBC’s expertise in U.S. and U.K. private-label store cards paid off this fall when Household acquired British department-store chain Marks & Spencer Group’s credit card business. Saks was credited.

US consumer advocacy organization Household Watch points out that when Saks signed on with Household a Saks press […]