Best Buy Co. Inc. is now repainting its 150 “Geek Squad” Beetles throughout California to comply with the highway patrol’s request that the vehicles not look so much like their patrol cars, the company said. “If a new driver or an older driver sees this black and white vehicle they might think it’s the police — they’ve got uniforms on and they’ve got badges on and could be mistaken for an officer,” CHP spokesman Mike Herman said Thursday.
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Did you even wonder what your HSBC card really means? What is HSBC? What does it stand for? The answer: The Hongkong and Shanghai Banking Corporation Limited. Thought your Best Buy card was backed by loyal Americans, didn’t you? Wrong. The corporate headquarters is in London, the name is the Hongkong and Shanghai Banking Corporation Limited, and your Best Buy card is handled by predatory lender Household International, now owned by HSBC. When you think about “back to school” specials or sending your student to college with some of Best Buy’s “nice to have” items – remember it may be your family that gets a real education in financial damage control according to Household – HSBC Watch consumer advocates. See many Best Buy customer reports here.
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Proof that flat-panel TVs is a boon for retailers can be found in their earnings statements. Best Buy Co. saw an 85 percent jump in first-quarter 2005 profits due in part to skyrocketing sales of flat-panel televisions. Consumer advocates at Household – HSBC Watch remind consumers that Best Buy, Good Guys and CompUSA private label store credit cards are financed and managed by HSBC. “This is the old predatory lender Household International, which still has questionable billing, account handling, and customer service issues, so watch your ‘interest free’ promotion and your credit report carefully” said the group.
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“Balance transfers may not be used to make payments to any Beneficial or HSBC credit card including any GM Card, Corvette MasterCard, Union Plus Credit Card, Household Bank or Orchard Bank credit card, or to pay a loan made by any other HFC, Beneficial or HSBC company.” See their terms here. That means you cannot payoff your account that way either. Indian outsourced call center employees may tell you that you can make a payment with your credit or debit card, but they are wrong and the payment will not go through, leaving you with more fees! “This is just another way HSBC and former disgraced predatory lender Household International take advantage of their customers” said activists at Household – HSBC Watch. See Drew’s article for more detail on HSBC balance transfers as payments and payoffs.
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Best Buy Consumer Electronics and the predatory Best Buy credit card, as reported by a customer on 2 August 2005. Please READ CAREFULLY:
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Popularity: 13% [?]