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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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Is HSBC hardship program tied to bailout?

A Maryland customer asked this of HSBC: “Just when I think I’ve heard all the crap Household Finance has to offer I hear more. Ms. Turner from the Foreclosure Department at HFSB
tried to convince me that their Hardship program was a result of the Bailout plan. Now, let’s think this through. Many people on this board have applied for a hardship? Was it before or after October 2008? October 2008 was when the first bailout was approved by congress. So how can this company state the bailout was used to establish a hardship fund when my hardship case was approved December 2007?

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