HSBC Card Services Informative - HSBC One of many DBAs
I just read some old comments about HSBC Card Services. One o the guys there said he was being charged for life insurance and could not get HSBC to quit letting "Insurance" charge his card month after month. Do you know why? Have you googled some of these companies?
The reason the guy couldn't get anything done is, many of HSBC's "sister" companies is Affinion Group" one of their "Insurance" companies. Basically most of the Affinion or HSBC, or one of a hundred other companies owned by Apollo Investment Group, provide "air". That's right, nothing but protections in one form or another. Think of something that can be sold without any materials, labor or physical entities and this group of companies sells it. Over and over and over again, sucker us, the consumer. You have a credit card from them, they use another company to sell you credit card protection, life insurance on the balance, travel clubs that don't exist, etc.
Now, READY FOR THE REAL SHOCKER! Read the list of companies... as long as your arm, bet you've done business with them, even SEARS TRAVEL CLUB (non-existent, except billing and paperwork stuffs).