Household HSBC Watch

HSBC - and more specifically HSBC Finance Corporation - are reporting to credit bureaus that customers have HSBC Comp accounts. The telephone number associated with these accounts is 302-478-9056, which is disconnected. While disconnected numbers are nothing new for HSBC Finance Corporation, people ask why this is happening. Our answer, and the foundation of the problem is that HSBC Finance Corporation is the new name of disgraced predatory lender Household International.

The proper phone numbers for this questionable lender’s retail services division are 800-365-6538, 800-557-5871, and if all else fails 847-564-5000 will get you the corporate switchboard. The simple fact that you got to this article indicates a problem. Your account, either open or closed, is handled by a questionable lender who, from 1994 through 2004 and beyond, settled allegations in Shea v Household that payments were credited after the billing cycle closed, and often one day late. By then they were owned by HSBC, and paid $11 million to settle such claims. They settled in 2004. Is HSBC Comp your CompUSA credit card? Regardless, get better financing that you control and you can trust.