No Statement Received After Account Paid

From T.B. in South Carolina After my interest rate was raised by 5 percentage points, I decided to transfer my balance to my much nicer credit union card. I watched my balance online until the transfer was completed and then paid the remaining 8 dollars on the acct. I assumed that brought my balance to …

HSBC credit card division is profitable says McDonagh

HSBC North America Chief Executive Brendan McDonagh said favorable business trends seen in the third quarter have continued in the fourth quarter. What McDonagh really means is that the HSBC credit card business is more profitable now that HSBC raised your rates and cut available credit. “We have a profitable business, we are increasing the …

Article puts a name and blame for mortgage problems

It was inevitable and we talked about it since 2002. HSBC bought predatory lender Household International in late 2002 and finalized the purchase in early 2003. Name liability and associating HSBC’s name and reputation with shady lender Household International was not wise. Ignoring the obvious, HSBC started to become associated with income tax lending, high …