Q:

What does "HSBC/RS" mean on a credit report?

A:

Quick Answer

"HSBC/RS" on a credit report refers to the retail service section of the HSBC Bank. The Hong Kong and Shanghai Banking Corporation is a company that handles issuing and servicing private credit accounts and car loans for nearly 60 retail companies around the world.

Continue Reading

Full Answer

The Hong Kong and Shanghai Banking Corporation is the largest issuer of Visa and MasterCard credit cards, and it handles private credit accounts for retailers such as Best Buy, Honda, CompUSA, Yamaha, Helzberg Diamonds and Sony. Having a credit account with any of the above retail companies would explain the presence of "HSBC/RS" on a credit report.

Learn more about Credit & Lending

Related Questions

Explore