DR in Iowa asks this question that many others asked over the years: “Household Watch, will you please help me understand something? Why is HSBC Mortgage Services not being forced by our government, banking commissions, courts, or regulators to work with homeowners to keep their homes?
Reuters is reporting that Household Finance Corp’s liabilities stood at about $70 billion, Chief Executive Michael Geoghegan said in Hong Kong on Monday ahead of the bank’s annual shareholders’ meeting in London on May 28.
I worked for HSBC for almost 10 years and hated every second of it. They dont care about their employees or customers and I often was on probation because I couldn’t stomach telling someone who paid for credit insurance for 10 years that they couldnt use it because they needed to notify the bank within 60 days of becoming unemployed to use it.
Here is a post from the Guardian in the UK. IF HSBC sent a case of wine to every American that routinely experiences the same problem HSBC would go broke. Here is the complaint, and, after press involvement, HSBC’s reply.
HSBC Card Services confirms that it will close HSB card Services in Tulsa in September. The credit card collections agency, part of HSBC FInance, employs close to 500 people. The Tulsa facility is located at about 129th and 51st Street in east Tulsa.