A consumer reported today: “Recently, I was denied a car loan because they said my credit rating was very low. I applied for a credit report from EqiFax and found out to my surprise that a company named HSBC TAXMASTERS said I owed a debt of over two hundred dollars and was delinquent. I tried to contact this company by phone with no luck and I even wrote a letter to them at an address in Kansas. The letter was returned “Undeliverable”. I thought that HSBC TAXMASTERS were connected with the BANK with the same name but that was not the case.”
Taxmasters, although it may sound good, is really former predatory lender Household International, now owned by HSBC Bank. The entity can be reached through HSBC’s corporate switchboard at 847-654-5000 on Central Standard time. Tax loans, RAC’s and Ral’s (rapid refunds) are part of HSBC Finance Corporation.