HSBC Slaughter Window by Opportunity, Not FICO

The following evolved into a dedicated page. Read “The HSBC Killzone” to see how this evolved. A question often asked by those harmed and hurt by HSBC is how they determine who to hurt financially. Early in the investigation one could not determine if people were targeted by their credit scores. Common sense suggests those …

78 Percent Rate HSBC Credit Cards Poorly

With only 194 votes so far, a disturbing trend can be seen. A full 78 percent rate their HSBC credit card as either “poor” or “totally unprofessional”. A Household – HSBC Watch poll simply asked people to rate their HSBC backed credit card. The poll is shown on each article and the main poll is …

Musicians Friend Signs Up With Predatory Lender

HSBC Retail Services said it has bought a credit receivables portfolio worth around 40 mln usd from Musician’s Friend, the musical instruments direct retailer. Retail Services, an HSBC Holdings unit which issues branded credit cards in the US, took on the debt portfolio under a five-year agreement which saw it paying a premium of around …

Saks Sadove Identifies Core Customer

ATLANTA — Saks Fifth Avenue has a new blueprint, and chief executive officer Stephen Sadove is ready to build it. Sadove, presiding over his first shareholders meeting since becoming Saks Inc. CEO in January, said here on Wednesday that the retailer will target a core customer who is 45 to 48 years old, seek to …

DOJ and IRS Visit Household – HSBC Watch

Both the Department of Justice and the Internal Revenue Service visited our website today. The IRS researched 1099 C (cancellation of debt) while the DOJ researched ‘HSBC Consumer Alert’. Since both areas are fully researched and documented by our staff we have material dating back to the old days when HSBC Finance was called Household …