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Financing the American Family ~ 1935 Household Finance Corporation
🕑 Added 2020-01-06 21:44:48 +0000 UTCmore at http://quickfound.net/
'How the Household Finance Corporation helps working families with installment loans during the Depression.'
Originally a public domain film from the Library of Congress Prelinger Archives, slightly cropped to remove uneven edges, with the aspect ratio corrected, and one-pass brightness-contrast-color correction & mild video noise reduction applied.
The soundtrack was also processed with volume normalization, noise reduction, clipping reduction, and/or equalization (the resulting sound, though not perfect, is far less noisy than the original).
https://en.wikipedia.org/wiki/HSBC_Finance
Wikipedia license: http://creativecommons.org/licenses/by-sa/3.0/
HSBC Finance Corporation is a financial services company and a member of the British HSBC Group. It is the sixth-largest issuer of MasterCard and Visa credit cards in the United States. HSBC Finance Corporation was formed from the legal entity that had been known as Household International, and is now expanding its consumer finance model via the HSBC Group to Brazil, India, Argentina and elsewhere.
HSBC Finance Corporation’s subsidiaries primarily provide real estate secured loans, auto finance loans, MasterCard and Visa credit card loans, private label credit cards, personal non-credit card loans and specialty insurance products to middle-market consumers...
Operating under the HFC and Beneficial names, HSBC Finance Corporation is the second largest consumer finance company in the United States, with more than 900 branches in 46 states. It provides a variety of real estate secured and unsecured loans to primarily sub-prime customers, as well as increasing numbers of other product lines such as auto loans and service plan policies. On 2 March 2009, it was announced that HSBC would no longer accept new business from HFC/Beneficial, and would eliminate 6,100 jobs.[5] The company website now states that the Beneficial and HFC companies and HSBC Credit Centers have closed their consumer finance businesses in the United States, the website is no longer active, and that all loans have been sold with servicing transferred to third-party servicers.
Children of former full-time Beneficial employees are considered for scholarships to four Maryland institutions of higher learning: Hood College, Johns Hopkins University, St. John's College and Washington College.
Decision One
Decision One mortgage company directly originated real estate secured loans sourced through mortgage brokers. This subsidiary was shut down September 2007 due to the sub-prime mortgage meltdown. Approximately 1,500 employees were affected.
HSBC Bank Nevada NA
HSBC Bank Nevada issues a range of HSBC-branded credit cards, to both credit card only customers and customers of HSBC Bank USA.
Private label cards
HSBC was the third-largest issuer of private label credit cards in the United States, including cards for more than 70 active merchant relationships, including Best Buy, GM, Yamaha, Kawasaki, Neiman Marcus, Polaris and Saks Fifth Avenue. Most of its card portfolio was sold to Capital One in 2011...
