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HSBC is cutting back in the U.S. after its 2003 purchase of Household International Inc. required it to set aside more than $65 billion for bad loans

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17 year DSM suddenly gone from HSBC

I’m an AE on the Atlantic Coast (as specific as I want to get) and was informed that my DSM who worked for the company for over 17 years is no longer employeed anymore. When anyone asked “why, what happened?”, it was it was No One knows anything hush hush hush. It’s no wonder the company is “cutting the fat”. The company charges state max rate with state max fees and then pressures all the insurance the customer can get on the loan. If you don’t have good insurance numbers, then congrats you get to go to “boot camp” to get better at packing insurance on. I can’t believe people still take out loans there.

Posted By Timothy Blake

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UPDATE NOTE: HSBC car loans were sold to Santander USA in 2010 :: Most HSBC credit cards became Capital One credit cards in 2012 :: HSBC horrible predatory home mortgages are in run-off