Household HSBC Watch

A look back at 2005 shows HSBC Finance Corporation’s merchants for what they really are. Ever wonder why this bumbling group of merchants decided to align their customers with a predatory lender such as Household International? Through questionable credit card processing, first with Household International and now with HSBC Finance Corporation (they […]

Why did Liz Claiborne sign a credit card deal with former predatory lender Household International? Are they following the expansion example of non-performing Saks, another Household International (now HSBC) merchant? Here’s the answer:

Liz Claiborne launches bid for J. Jill
Fri Nov 18, 2005 12:19 PM ET
NEW YORK (Reuters) - Liz Claiborne Inc.
on Friday […]

Effective Date March 9, 2004: GSI-Chelsea Solutions, Inc. (”GSI”) operates the web site, www.lizclaiborne.com, pursuant to agreements with LCI Holdings, Inc. (”Liz”). Liz Claiborne recently signed on board with questionable credit card processor Household International, now operating as HSBC Finance Corporation. But their web site allows you to open an account […]

“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 […]

“Liz Claiborne had plenty of time to study the market, yet they are aligning their customers with a predatory lender. Market analysis suggests troubled companies will easily sign with HSBC Retail Services, which is the old Household International” said consumer advocacy organization Household - HSBC Watch. “We expected more from Liz Claiborne and […]