HOUSEHOLD FINANCE CORPORATION THRUST

2007-03-08 10:33:40

( Business )



Household Finance Corporation offers wide range of financial products to its customers for more than a century now. Real estate loans, unsecured consumer loans, car loans and credit cards are some of the financial products it offers. These products are mostly availed by middle market Americans who served as the main clients of Household Finance Corporation. Consumer financing is the main service it provide in the market. Thus, it is known as the leading provider of consumer loans in the market.

Household Finance Corporation affiliates with companies as a form of corporate relocation strategy without actually moving office across various estates. It is a strategy to make its services accessible to its clients with minimal branching costs since the affiliate companies are doing the marketing and servicing of its services.

A comprehensive security program is required from the affiliate companies to secure customer information of Household Finance Corporation. Affiliate companies comply the security measures outlined by the Commission for Trade to ensure administrative, technical and physical safeguards of client information in behalf of the corporation. These affiliated companies are subsequently required to conduct due diligence review of its proposed service providers to ensure that the security program designed by the corporation for its customers are followed.

Household Finance Corporation as well as its affiliated companies regularly reviews compliance with the security guidelines. Financial institutions affiliated with the corporation are also monitored by other agencies in terms of implementation of protection of customer information. Thus, it requested the Trade Commission to allow these affiliated agencies to implement the standard safety measures required by previously existing agencies governing their operations prior to their affiliation with Household Finance Corporation to avoid duplication and over burden of compliance for the institution.

Household Finance Corporation strives to protect the safety of its clients being the leader in consumer finance. It has gained the trust of its clients through this orientation towards client safety.


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