Household HSBC Watch

HSBC needs the money. If there is an possible away, HSBC Finance would like to raise your HSBC crdit card rate to 30.99 percent or higher. excuses to customers are questionable at best. With no ‘late-30’s’ and timely payments, HSBC told one customer “you have a lot of bills” and raised […]

Part of what HSBC thought was a good deal when HSBC bought Household International was that HSBC did not guarantee the debt of the troubled predatory lender. Now that subprime losses bring the desbt in question there has been discussion of dumping HSBC Finance. Kathleen Shanley, analyst for independent research firm Gimme Credit, said […]

In spite of over a decade of complaints, charges of predatory lending, and lawsuits, Lumber Liquidators signed a credit card deal with HSBC Finance Corporation. For many companies and their investors a decision to sign with HSBC is a sign of a troubled company. Time will tell, but many sign with HSBC to […]

Household - HSBC Watch consumer advocates said for years that a combination of high HSBC interest rates, questionable payment processing and troubled merchants is a bad combination for customers and credit card holders.

Add Storehouse to HSBC’s list of merchants, also known as troubled companies that need every dime of ill-gotten gains ot stay in business. […]

H&R Block, Inc. has been accused of securities fraud. If you are a member of any of their investment plans or profit sharing retirement plans and purchased or held the Company’s stock in one of those plans during the periods January 31, 2005 to March 14, 2006, you may have a claim.

Block is HSBC’s […]

“I have seen other companies pursue this strategy in the past, but I see it at a decreasing rate,” said Gary Hawkins of Hawkins Strategic. “It seems fewer are pursuing private-label credit cards today. Retailers just have not seen the relationship return from it.” “Private-label credit cards rarely capture more than 10 percent of […]

Oct. 24 2005 — HSBC North America Holdings’ Business Solutions Group, the commercial arm of the company’s Retail Services business, announced today that it has entered into a strategic alliance to acquire the consumer and commercial credit receivables of OfficeMax(R), one of the leading office supply retailers in the United States. “Our ability to […]

“Liz Claiborne had plenty of time to study the market, yet they are aligning their customers with a predatory lender. Market analysis suggests troubled companies will easily sign with HSBC Retail Services, which is the old Household International” said consumer advocacy organization Household - HSBC Watch. “We expected more from Liz Claiborne and […]

When merchants outsource or sell their credit card receivables many factors should be considered. Clarity of policies, timely statements, timely crediting of payments, a functional online payment website, and the ability of the credit card processor to insure credability and confidence are prime considereations. Household Retail Services, now called HSBC Retail Services, fails […]

The former finance chief of WorldCom testified on February 10, 2005, that the company called off 2001 merger talks with Verizon after he and CEO Bernard Ebbers worried Verizon would discover WorldCom had cooked its books. Scott Sullivan told jurors he worried Verizon would uncover the fraud during a process called due diligence, in which […]