Household HSBC Watch

Another HSBC merchant is going out of busiiness. CompUSA, the computer retailer that Mexican billionaire Carlos Slim owned since 2000, will shut its doors after 23 years, succumbing to competition from Best Buy Co. and Wal-Mart Stores Inc. On the CompUSA website it says “Same as Cash offer on approved purchases made on […]

BB said: ” I purchased an item with 18 months “same as cash” plan from CompUSA on August 12. My understanding of “same as cash” is you have a certain amount of time to pay the balance before accrued interest charges are added to your account. You also can pay it off at any […]

Yesterday at Spring VON 2006, CompUSA announced its partnership with Bandwidth.com and Sylantro Systems to offer what it called the first full-featured hosted VoIP service for small and medium-sized businesses in the retail industry. Target audiences will be businesses in need of 10 to 200 lines. Silly, because no matter how much […]

NEW YORK - With retail sales proving more sluggish than expected — and concerns that home heating bills will crimp sales even further — many retailers are finding the need to be more creative this winter.

Household International, known nationwide for high interest rates and predatory lending and now owned by HSBC, can help […]

A Washington man is charged with racking up more than $75,000 in fraudulent charges over the past year by applying for and using credit cards for businesses he claimed to work for. The U.S. Attorney’s Office says the man — Shane Michael Renecker, 33, used the credit cards to buy computers and other items […]

Private label credit cards made their way to India as part of HSBC’s ‘Household Model’. In the United States many customers are fimiliar with cards such as the Best Buy card, or perhaps their CompUSA credit card. Regulators, on the other hand, are familiar with Shea v Household where Household International, and later […]

CompUSA’s new CompUSA and Good Guys Megastores open Friday in several cities across the country. In December 2003, Dallas-based CompUSA bought Good Guys, an Alameda, Calif.-based specialty retailer of high-end entertainment electronics.

Consumer advocates at HSBC Watch say financing for CompUSA and the former Goodguys stores was originally through predatory lender Household International, now […]

The national “do not call” list is welcomed by consumers and almost eliminates annoying interruptions at dinner. But Household International, and in one case their credit card merchant CompUSA fought consumer activists favoring “do not call” legislation in the early formative years. Examples:

“I received calls from Warrantech (an extended warranty company) after I […]

Computer retailer CompUSA also finances with former disgraced predatory lender Household International, now called HSBC Finance Corporation. Also, because competitor Best Buy also uses this demonic source of financing for private label credit cards. Complaints about both credit cards are received daily at Household - HSBC Watch, but CompUSA complaints have increased […]

Another of troubled predatory lender Household International and HSBC’s merchants, CompUSA Inc., has agreed to settle a government complaint charging the company with deceiving consumers who bought computer products but failed to receive promised cash rebates from $15 to $100 each, the Federal Trade Commission said Friday March 11, 2005. The FTC said CompUSA […]