Orchard Bank CC pet peeve

[creditwherecreditisdue]

Nice, timely articles you cite. Too bad every one of the links is broken.

If you want to cite broken links to two and one half year old articles pertaining mainly to mortgage lending practices to bolster some argument you are trying to make pertaining to CC issuance you'll have to excuse me for failing to be impressed.

Message Edited by creditwherecreditisdue on 07-07-2009 11:09 PM

[Underh20]

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@creditwherecreditisdue wrote:

Nice, timely articles you cite. Too bad every one of the links is broken.

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Copy and paste from the Google searchh results probably wasn't a good idea, but here are some fool-proof steps most people should be able to follow:

1.  Surf on over to Google;

2.  Type in "HSBC subprime lender" without the quotes

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Citi, HSBC among biggest subprime loan originators

http://business.rediff.com/report/2009/may/11/bcrisis-citi-hsbc-among-biggest-subprime-loan-originat...

HSBC's Subprime Iceberg Part Deux

http://seekingalpha.com/article/54495-hsbc-s-subprime-iceberg-part-deux

Decision One Not The Source of HSBC Subprime Problem

http://mortgageblues.us/news/194

HSBC Consumer Lending is largest subprime lender in America

http://householdwatch.com/monitor/news/hsbc-consumer-lending-is-largest-subprime-lender-in-america

Countrywide, Citi, HSBC, AIG among top subprime lenders: study news

http://www.domain-b.com/finance/banks/20090511_subprime_lenders.html

Sub-prime lenders fear defaults after costly HSBC fallout - Times ...10 Feb 2007 ... Billions of dollars have been wiped from the value of America's biggest sub-prime lenders as the fallout from a profits warning by HSBC

http://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/article1361758.e...

A Sinking Sensation for Subprime Loans - 10:07am14 Feb 2007 ... Global banking giant HSBC Holdings (HBC), the third largest subprime lender in the U.S., disclosed on Feb. 7 that full-year 2006 impairment ...

http://www.businessweek.com/investor/content/feb2007/pi20070214_954191.htm

Spitzer probes subprime lenders, including HSBC and Citigroup ... - 10:08amThe office of New York Attorney General Eliot Spitzer has started an investigation into dubious lending practices by the subprime lenders.

http://www.financegates.com/news/banking/2005-04-28/spitzer280422.html

Have you finished comparing the other cards in your portfolio to your HSBC card yet?

[creditwherecreditisdue]

Oh yeah - one other point while we are at it. Why do I push my payment to my Citi card from my bank account rather that pull it from the citicards site? I have to do it because Citi will not allow you to pay an unbilled amount through their website! Is it damned inconvenient? Yes! Does it make Citi subprime? I don't think so. Oh, wait,,, one of the articles you site on the other end of one of those broken links extolls some glop about Citi being subprime. Or is that their mortgage business?

[Underh20]

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@creditwherecreditisdue wrote:

Nice, timely articles you cite. Too bad every one of the links is broken.

If you want to cite broken links to two and one half year old articles pertaining mainly to mortgage lending practices to bolster some argument you are trying to make pertaining to CC issuance you'll have to excuse me for failing to be impressed.

Message Edited by creditwherecreditisdue on 07-07-2009 11:09 PM

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So you want us to believe that HSBC went from subprime to prime in two years?  How about throwing in a story about how Snow White and The Seven Dwarves shoudl really be Snow White and The Eleven Dwarves, too.

I can understand how some people feel personally offended by having their credit card issuing bank deemed subprime, but having a subprime card doesn't mean that the cardholder is subprime so there's no need to feel defensive.

How much longer will it take you to compare your HSBC card with the other prime cards in your portfolio?

[creditwherecreditisdue]

Only one of your citations references information that pertains to CC's. And that one is not a reference source, It is the site of another axe grinder.

1) I am not here to perfect your research for you.

2) I had you perfect your own mis-cited items for the benefit of the many others who will pass thru here and might take your out-of-context cites at face value.

Message Edited by creditwherecreditisdue on 07-07-2009 11:32 PM

[Underh20]

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@creditwherecreditisdue wrote:
Oh yeah - one other point while we are at it. Why do I push my payment to my Citi card from my bank account rather that pull it from the citicards site? I have to do it because Citi will not allow you to pay an unbilled amount through their website! Is it damned inconvenient? Yes! Does it make Citi subprime? I don't think so. Oh, wait,,, one of the articles you site on the other end of one of those broken links extolls some glop about Citi being subprime. Or is that their mortgage business?

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A lot of banks have that feature, not only subprime credit card lenders like HSBC. 

Trick:  If you have a savings or checking account at the same institution you can transfer $ from your account to your credit card account in many cases. 

In any event, you must be confused.  There is not only one single indicator that defines a card is subprime rather than a combination of items. 

When will you compare your HSBC card with the others in your portfolio?

[haulingthescoreup]

C'mon, you two. Don't make me come down there. (To quote every mother who ever lived.)

It's not like this thread was either of yours in the first place.

[Scamp]

Okay, OP seems to have finished venting and the threadjacking by others has gone on long enough - this thread is now locked.

(ETA:  HTSU's more patient than I am.)

Message Edited by Scamp on 07-07-2009 08:40 PM