Private label program shifts to HSBC NV

Private label program shifts to HSBC NV

“Polaris Industries and HSBC Bank Nevada” said the press release. “HSBC will continue managing the Polaris private-label credit card program” it also said. HSBC Nevada is HSBC NV, the source of many complaints and reported identity theft. Formerly reported to credit bureaus as HSBC RS (retail services) many customers now see HSBC NV on their credit reports. “HSBC RS is HSBC Retail Services” said advocates at Household - HSBC Watch. They were Household International until 2002 when the name changed. When the Household International name was soiled and stained by predatory lending Household tried to call the division “retail services” which conflicted with other lenders. Failing to cloud the issue that way, they changed it to HSBC Retail Services. Now it reports as HSBC NV. Now you know how it works. “They also query your credit report every month without fail, and produce store credit cards for over 60 merchants, most of whom are shown on the bottom of our pages” said Household - HSBC Watch. “Liz Claiborne was the latest to saddle customers with predatory credit card processing” they said.

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