Credit card asset backed securities examined

Recent problems in the subprime sector spread around the world very quickly. Then the problems spread to Alt-A mortgages. Cash strapped borrowers with second mortgages and adjustable rate mortgages caught the attention of the world. By the morning of August 9, 2007, something else caught the attention of investors around the world. Questioning whether people …

Best Buy Card and HSBC Scam in Detail

This customer report is alarming and very revealing. It is consistent with reports since 1994. It also supports charges against HSBC and Household International in Shea vs Household (HSBC). Clearly and without doubt HSBC is lying to this customer. Here is the report: I feel I am being taken for a major ride by HSBC …

Ameriquest Nears Household International Predatory Lending Settlement Amount

President George W. Bush’s choice for ambassador to the Netherlands and his company, Ameriquest Capital Corporation, are nearing disgraced Household International’s predatory lending settlement amount according to Household – HSBC Watch consumer advocates. “Household scammed, hurt, and deceived people across the country and settled for USD$484 million. Ameriquest Capital Corp. has set aside $325 million …

Settlements and IRS Form 1099

If you negotiate a settlement, you’ll usually receive an Internal Revenue Service (IRS) Form 1099 that shows the amount of money representing the difference between the negotiated settlement amount and the balance in full. There are several types of 1099 forms that report on earned gross income (money from which taxes have not been deducted). …

Settlementscams.com Goes Live To Protect You

Sick and tired of settlement scams and offers, only to find out that you’ve been scammed? We are too, and the problem goes well beyond Sherman Acquisition, HSBC, Household International, Retail Services and the companies we discuss here at Household – HSBC Watch. Our new website, SettlementScams.com goes live in a few days with tips …