HSBC Finance Corporation is a financial service company and is a major player in the banking domain of the world. It is the sixth- largest issuer of credit cards in the United States. It was founded in the year 1878 in Minneapolis, Minnesota. It is the first financing company to introduce installment scheme for the debtors, under which, they were given the freedom to pay their loan installments on monthly basis instead of lump some basis, which was practiced earlier. The subsidiaries of HSBC Finance Corporation primarily provide real estate loans, auto finance loans, MasterCard and Visa credit card loans and insurance solutions to the consumers. They are expanding their operations and are on rigorous marketing spree in countries like India, Brazil and Argentina.