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Information Finder / HSBC Divisions / What is Retail Services?


What is Retail Services?
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Best Buy Stores and other merchants, in an attempt to distance themselves from the predatory financing stigma of Household International , refer to their financing as Retail Services.  Their financing is actually done by Household Retail Services aka Household Credit Services, a subsidiary of HSBC . This HSBC entity is actually HSBC RS, which is run by HSBC Finance Corporation located in Illinois.  The corporate telephone number is 847-564-5000.
 
HSBC RS stands for HSBC Bank, retail services division. Formerly known as troubled and disgraced predatory lender Household International, the company was purchased by HSBC bank in October 2002 and the purchased was finalized in early 2003. HSBC is headquartered in London but is actually the Hong Kong Shanghai Bank Corporation.


After being sued for predatory mortgage lending and attacting the attention of regulators across the nation, Household International turned to credit card processing as a source of revenue. Retail Services handles private label credit card accounts for over 60 merchants.


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Household - HSBC Watch is the voice of HSBC account and cardholders. We are funded by Settlement Scams and All VoIP. We monitor customer trends for possible violations of Regulation Z and other possible illegal actions. We use your individual HSBC complaints and merchant complaint reports to perform trend analysis. We are not associated with HSBC, Household International, or their merchants. Some items used by permission granted in the Fair Use guidelines of the 1976 U.S. Copyright Act.