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 are the same …

Predatory HSBC Credit Card Gone at Sears K-Mart

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 Corporation …

AFL-CIO and AARP Interests Mean No Help For You

Labor sleeping with the enemy? — On his blog, Thomas Blumer (“bizzyblog“) makes an interesting point about two late-to-nevercomers to the anti-bankruptcy fight, the AFL-CIO and AARP: they both earn significant income — in the tens of millions of dollars annually — from co-branded credit cards, and thus may have faced internal or external pressure …

A Look Back at HSBC Merchants in 2005

Household – HSBC Watch is writing “A Look Back at Merchants in 2005” – an analysis of how well HSBC Finance Corp merchants are doing now that they aligned their credit card, and their customers, with former predatory lender Household International (HSBC Finance Corp). The bottom line is these poor decision makers are struggling, which …

Saks Insiders Dump Stock, Troubles Analysts

November 23, 2005 — Eight senior executives of embattled retailer Saks Inc., including the chief executive and two directors, have dumped more than $37 million of the company’s stock in recent days, according to regulatory filings. The insider sales by a broad swath of Saks’ management team, coming days after the company reported lukewarm quarterly …