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What does HSBC RS stand for on a credit report?

Submitted by on Thu, 11/30/2006 - 22:53
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what does HSBC RS stand for on a credit report


HSBC issues cards for these companies Best Buy, Bon-Ton, CompUSA, Costco, Helzberg Diamonds, Neiman Marcus, Saks, Sony, Yamaha and so on.

I also found this bite after a search

Quote:

Their financing is actually done by Household Retail Services aka Household Credit Services, a subsidiary of HSBC . This HSBC entity is actually HSBC/RS, which is run by HSBC Finance Corporation located in Illinois. The corporate telephone number is 847-564-5000.

HSBC/RS stands for HSBC Bank, retail services division. Formerly known as troubled and disgraced predatory lender Household International, the company was purchased by HSBC bank in October 2002 and the purchased was finalized in early 2003. HSBC is headquartered in London but is actually the Hong Kong Shanghai Bank Corporation.



After being sued for predatory mortgage lending and attacting the attention of regulators across the nation, Household International turned to credit card processing as a source of revenue. Retail Services handles private label credit card accounts for over 60 merchants.


I would google/yahoo search this keyword in quotes and see all the hits you get "HSBC RS"


Submitted by PDLFREE on Thu, 11/30/2006 - 23:47

PDLFREE

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About one month to 6 wks ago, I asked you to unsubscribe me to your service. Please reimburse the 45.00 charge I see on this week's bank statement. I thank you. My email is . I am using a public computer at this time.

Ps I am not happy.

Cindy


Submitted by on Wed, 02/13/2008 - 11:37

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Cindy, who are you trying to reach - HSBC RS? We are a forum dedicated to helping people in debt . If you tell us who you are trying to get maybe we can help. We have never taken any money from you.


Submitted by kashzan on Wed, 02/13/2008 - 11:39

kashzan

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I think guests get us confused with a site with a similar name that charges for some service.


Submitted by Frogpatch on Wed, 02/13/2008 - 11:46

Frogpatch

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I had often wondered what hsbc rs stood for on a credit report.
Its clear now :)


Submitted by on Wed, 09/17/2008 - 02:33

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HSBC is very difficult to deal with. We have a loan on a suzuki 4 wheeler and they will not deal with us at all. Then they turned us over to corporate receivables collections and they were even worse. We told them repeatedly that we were with a debt settlement place and gave them the contact number, but they continued to bully and harass us. They were even harassing my supervisor. That was embarassing. I am not disputing my debt, just trying to get it settled the best way possible. And harassing me and calling my supervisor is not going to make me pay up "in full" any faster. I had 50% of what i owed, tried to settle the account for that, but they were not willing to negotiate. We even explained that we were with a debt settlement place, we had 2 accounts already in legal action, and we had xxx amount of money to settle this right not. If they did not accept that then they too were going to be turned over to our debt settlement place. Still did not work. So we turned them over and deposited that money in our account and are already starting negotiaions on A DIFFERENT account. See, they could have been done with us. We even tried to give the 4 wheeler back to wipe out the account -- no go. HSBC RS still on.

difficult to deal with!!!!!!! check out all the post about corporate receivables -- which seems to be their collection agency of choice.


Submitted by on Wed, 09/17/2008 - 06:44

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I had a credit card ( $300.00 limit) through HSBC. THAT was a mistake!!!!! Fees, monthly payments were going up, etc. If I din't understand a charge that was on my bill, I would call the Customer Service to remove HSBC RS. They were difficult to deal with. By the time I ACTUALLY got a chance to speak to someone, instead of a recording, HSBC "cancelled the card and the entire amount was due. God..........they just won't listen. I recently tried to call again. According to CS, I "no longer have an account with them." How am I suppose to take care of this if they CLAIM I have no record of this?


Submitted by sdchargers_63 on Wed, 09/17/2008 - 08:44

sdchargers_63

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I have an "open" credit card account with you on my credit report. I haven't used that account in years; I no longer even possess the credit card. Please "close" my account. I want HSBC RS removed from my CR. Thank you.


Submitted by on Fri, 10/03/2008 - 11:45

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They have also taken over Sears and K-mart. The interest is sky high. I have called the Govenor of Ohio, my State Rep. and other elected officials to have HSBC investigated and delete HSBC RS from CR. They are like dealing with loan sharks.


Submitted by on Mon, 10/27/2008 - 07:28

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How do you contact this firm?


Submitted by on Thu, 02/26/2009 - 14:11

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HSBC Retail Service (HSBC RS)
90 Christiana Road,
New Castle, DE 19720
(302) 327-2000


-bazil of suburbanconspiracy.com


Submitted by on Tue, 03/10/2009 - 07:12

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I do not have an HSBC RS account, yet on my recent bank statement is an automatic withdrawal for an online payment in March, 2009. HSBC directed me back to the bank for an explanation. Is this a run-around? Anyone with a similar experience? Confused in Wisconsin


Submitted by on Sat, 04/25/2009 - 15:09

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I already asked them to close both accounts (Jordan's Furniture and Best Buy). The balances are zero. Ran my credit report over a year later and they are still showing as open & current. Unbelievable...I think I even have confirmation letters I can dig up indicating they closed the account, they just didn't report it to the credit bureau.


Submitted by on Wed, 05/13/2009 - 05:48

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i just saw on my account a online transfer from my checking account to you people what is it for? i also want my money back and if i dont receive it im going to get a hold of the BBB and let them take care of you people feel like replying send reply to email deleted per forum rules---mobile

This site did not take your money. This is a debt help forum.


Submitted by on Tue, 05/26/2009 - 14:56

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just in this thread, 3 posts trying to hammer HSBC to no avail! I'm sending a request to close accounts today. Then hang on to the confirmation letter for the credit bureaus since HSBC won't report...


Submitted by on Tue, 08/04/2009 - 14:37

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I have an account with hsbc and they turned me over to corporater recievables and they are harrasing me and my cosigner on the account. I talked to hsbc and they told me i could still make payments to them, but when the guy from corporate recievables called again i told him that i didnt have to talk to them anymore i was going to deal with hsbc he laughed on the phone at me and said i have alot to learn and that i couldnt do that. He wont let me talk he yells i cant get to words in> what do i do?? Any reply would help


Submitted by on Tue, 04/27/2010 - 14:17

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Mad, you need to check your credit report. Check as to who now holds the account. If it is still with corporater receivables, request HSBC to pull back the account from them. If HSBC agrees to pull back the account, get the agreement in writing. Then only make payments to HSBC. Else, after you make payments to HSBC, they may refuse to acknowledge your payments. However, before making the payments check your credit report for the account updation. Only after the account get transferred to the original creditor, can you make the payments.


Quote:

what does HSBC RS stand for on a credit report


HSBC RS stands for Hong Kong and Shanghai Banking Corporation Retail Store. If you had any retail store card with HSBC, this can show up on your credit report. However, if you do not have any such card or account, you can send in a debt validation letter to them.


Submitted by SC on Sat, 06/19/2010 - 07:18

SC

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I have never had any HSBC account. But a ring of about 75 females age 30-55 on the East Coast got my social and have been applying for accounts in different names vaguely like mine. (I am a 75 year old male in Colorado). I am trying to get all these hits off my credit record but HSBC/RS is about the worst. These women (no sexism intended) actually got $1575 out of Macy's, $1,000 out of Express (women's clothing I believe) and a $500 gift card at New York and company. Also $835 of merchandise from Kohl's (who will not even give me the name that was used with my "social." The best thing to do (if your state provides it) is to put a freeze on Experian, Equifax and TransUnion. (Must be done 1 by 1).


Submitted by on Fri, 07/16/2010 - 14:30

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Quote:

Originally Posted by Anonymous
HSBC Retail Service (HSBC RS)
90 Christiana Road,
New Castle, DE 19720
(302) 327-2000
-bazil of suburbanconspiracy.com

Any words of advice for how one can compell HSBC to report an acct that was closed 6 yrs ago as closed? It's still showing up on my credit report as a $25,000 line of open credit (for a furniture store that went out of business 5 yrs ago).


Submitted by on Sun, 09/26/2010 - 12:49

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Perhaps, and bare with me here this is just an idea, you should not be leading a lifestyle that forces you to "negotiate" your way out of debt. You are sitting here bashing a company that lent you money and you are sitting here complaining about the fact that they did not want to accept half the money you owed as a settlement to the debt?! Seriously? You were completely to err and the irresponsible jerk that makes prices go up for the rest of us. YOU are the reason credit card rates are so high, YOU are the reason mortgage rates are so high! People like you are no better than the greedy corporate scum you deal with and I think you deserve each other!


Submitted by on Sun, 07/15/2012 - 10:27

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