Experian Collection Triggers – Check Your Credit and Get Hammered

Experian has announced the launch of Collection Triggers, a collections solution that monitors a company’s portfolio of collections accounts and identifies new information indicating the possibility of recovering the debt. “Our clients have been asking us to help solve the debt dilemma — when collection efforts go cold, the consequence is a huge burden of …

Understanding Loan Splitting and Split Loans

The Utah Attorney General explains: Two real-estate secured loans made at or near the same date to the same consumer (“split loans”, or “loan-splitting”): Plaintiffs allege that such loans were made through unfair and deceptive means, including, but not limited to, misrepresentations or omissions concerning the number of loans, misrepresentation of the benefits of refinancing …

HSBC Moves in Iraq, Abuses Military in U.S.

HSBC Bank Plc came under fire for abusing the United States military, primarily through HSBC Finance Corporation which is former predatory lender Household International. Specific complaints of abuse come as no surprise to Household – HSBC Watch consumer advocates. The watchdog organization performs trend analysis, a project that charts detailed complaints over time. “We completely …