EXHIBIT 21

Subsidiaries of HSBC Finance Corporation

		US — State
Names of Subsidiaries		Organized
AHLIC Investment Holdings Corporation		Delaware
B.I.G. Insurance Agency, Inc.		Ohio
Beaver Valley, Inc.		Delaware
Bencharge Credit Service Holding Company		Delaware
Beneficial Alabama Inc.		Alabama
Beneficial Arizona Inc.		Delaware
Beneficial California Inc.		Delaware
Beneficial Colorado Inc.		Delaware
Beneficial Commercial Corporation		Delaware
Beneficial Commercial Holding Corporation		Delaware
Beneficial Company LLC (f/k/a Beneficial Corporation)		Delaware
Beneficial Connecticut Inc.		Delaware
Beneficial Consumer Discount Company		Pennsylvania
	dba BMC of PA
Beneficial Credit Services Inc.		Delaware
Beneficial Credit Services of Connecticut Inc.		Delaware
Beneficial Credit Services of Mississippi Inc.		Delaware
Beneficial Credit Services of South Carolina Inc.		Delaware
Beneficial Delaware Inc.		Delaware
Beneficial Direct, Inc.		New Jersey
Beneficial Discount Co. of Virginia		Delaware
Beneficial Facilities Corporation		New Jersey
Beneficial Finance Co.		Delaware
Beneficial Finance Co. of West Virginia		Delaware
Beneficial Finance Services, Inc.		Kansas
Beneficial Florida Inc.		Delaware
Beneficial Franchise Company Inc.		Delaware
Beneficial Georgia Inc.		Delaware
Beneficial Hawaii Inc.		Delaware
Beneficial Homeowner Service Corporation		Delaware
Beneficial Idaho Inc.		Delaware
Beneficial Illinois Inc.		Delaware
Beneficial Income Tax Service Holding Co., Inc.		Delaware
Beneficial Indiana Inc.		Delaware
	dba Beneficial Mortgage Co. of Indiana
Beneficial Investment Co.		Delaware
Beneficial Iowa Inc.		Iowa
Beneficial Kansas Inc.		Kansas
Beneficial Kentucky Inc.		Delaware
Beneficial Leasing Group, Inc.		Delaware
Beneficial Loan & Thrift Co.		Minnesota
Beneficial Loan Corporation of Kentucky		Kentucky

		US — State
Names of Subsidiaries		Organized
Beneficial Louisiana Inc.		Delaware
Beneficial Maine Inc.		Delaware
	dba Beneficial Credit Services of Maine
Beneficial Management Corporation		Delaware
Beneficial Management Corporation of America		Delaware
Beneficial Management Headquarters, Inc.		New Jersey
Beneficial Management Institute, Inc.		New York
Beneficial Mark Holding Inc.		Delaware
Beneficial Maryland Inc.		Delaware
Beneficial Massachusetts Inc.		Delaware
Beneficial Michigan Inc.		Delaware
Beneficial Mississippi Inc.		Delaware
Beneficial Missouri, Inc.		Delaware
Beneficial Montana Inc.		Delaware
Beneficial Mortgage Co. of Arizona		Delaware
Beneficial Mortgage Co. of Colorado		Delaware
Beneficial Mortgage Co. of Connecticut		Delaware
Beneficial Mortgage Co. of Florida		Delaware
Beneficial Mortgage Co. of Georgia		Delaware
Beneficial Mortgage Co. of Idaho		Delaware
Beneficial Mortgage Co. of Indiana		Delaware
Beneficial Mortgage Co. of Kansas, Inc.		Delaware
Beneficial Mortgage Co. of Louisiana		Delaware
Beneficial Mortgage Co. of Maryland		Delaware
Beneficial Mortgage Co. of Massachusetts		Delaware
Beneficial Mortgage Co. of Mississippi		Delaware
Beneficial Mortgage Co. of Missouri, Inc.		Delaware
Beneficial Mortgage Co. of Nevada		Delaware
Beneficial Mortgage Co. of New Hampshire		Delaware
Beneficial Mortgage Co. of North Carolina		Delaware
Beneficial Mortgage Co. of Oklahoma		Delaware
Beneficial Mortgage Co. of Rhode Island		Delaware
Beneficial Mortgage Co. of South Carolina		Delaware
Beneficial Mortgage Co. of Texas		Delaware
Beneficial Mortgage Co. of Utah		Delaware
Beneficial Mortgage Co. of Virginia		Delaware
Beneficial Mortgage Corporation		Delaware
Beneficial Mortgage Holding Company		Delaware
Beneficial Nebraska Inc.		Nebraska
	dba BFC Mortgage of Nebraska
Beneficial Nevada Inc.		Delaware
Beneficial New Hampshire Inc.		Delaware
Beneficial New Jersey Inc.		Delaware
	dba Beneficial Mortgage Co.
Beneficial New Mexico Inc.		Delaware

		US — State
Names of Subsidiaries		Organized
Beneficial New York Inc.		New York
Beneficial North Carolina Inc.		Delaware
Beneficial Ohio Inc.		Delaware
Beneficial Oklahoma Inc.		Delaware
Beneficial Oregon Inc.		Delaware
Beneficial Real Estate Joint Venture, Inc.		Delaware
Beneficial Rhode Island Inc.		Delaware
Beneficial South Carolina Inc.		Delaware
Beneficial South Dakota Inc.		Delaware
Beneficial Systems Development Corporation		Delaware
Beneficial Technology Corporation		Delaware
Beneficial Tennessee Inc.		Tennessee
Beneficial Texas Inc.		Texas
Beneficial Trademark Co.		Delaware
Beneficial Utah Inc.		Delaware
Beneficial Vermont Inc.		Delaware
Beneficial Virginia Inc.		Delaware
Beneficial Washington Inc.		Delaware
Beneficial West Virginia, Inc.		West Virginia
Beneficial Wisconsin Inc.		Delaware
Beneficial Wyoming Inc.		Wyoming
Benevest Escrow Company		Delaware
BFC Agency, Inc.		Delaware
BFC Insurance Agency of Nevada		Nevada
BMC Holding Company		Delaware
Bon Secour Properties Inc.		Alabama
Cal-Pacific Services, Inc.		California
Capital Financial Services Inc.		Nevada
	dba Capital Financial Services I Inc.
	dba Capital Financial Services No. 1 Inc.
	dba CFSI, Inc.
	dba HB Financial Services
Central Insurance Administrators, Inc.		Delaware
Chattanooga Valley Associates		Tennessee
Com Realty, Inc.		Delaware
Craig-Hallum Corporation		Delaware
Decision One Loan Company of Minnesota		Minnesota
Decision One Mortgage Company		North Carolina
Decision One Mortgage Company, LLC		North Carolina
Eighth HFC Leasing Corporation		Delaware
Eleventh Avenue Properties Corporation		Delaware
Fifth HFC Leasing Corporation		Delaware
Financial Network Alliance, L.L.P.		Illinois
First Central National Life Insurance Company of New York		New York
FNA Consumer Discount Company		Pennsylvania

		US — State
Names of Subsidiaries		Organized
Fourteenth HFC Leasing Corporation		Delaware
Fourth HFC Leasing Corporation		Delaware
H I Venture Four, Inc.		Florida
H I Venture One, Inc.		Florida
H I Venture Three, Inc.		Florida
Hamilton Investments, Inc.		Delaware
Harbour Island Inc.		Florida
HFC Agency of Missouri, Inc.		Missouri
HFC Commercial Realty, Inc.		Delaware
HFC Company LLC (f/k/a Household Group, Inc.)		Delaware
HFC Leasing, Inc.		Delaware
HFS Investments, Inc.		Nevada
HFTA Consumer Discount Co.		Pennsylvania
HFTA Corporation		Delaware
HFTA Eighth Corporation		Ohio
HFTA Fifth Corporation		Nevada
HFTA First Financial Corp.		California
HFTA Fourth Corporation		Minnesota
HFTA Ninth Corporation		West Virginia
HFTA Second Corporation		Alabama
HFTA Seventh Corporation		New Jersey
HFTA Sixth Corporation		Nevada
HFTA Tenth Corporation		Washington
HFTA Third Corporation		Delaware
Household Acquisition Corporation		Delaware
Household Affinity Funding Corporation III		Delaware
Household Aviation, LLC		Delaware
Household Business Services, Inc.		Delaware
Household Capital Markets LLC		Delaware
Household Commercial Financial Services, Inc.		Delaware
Household Commercial of California, Inc.		California
Household Consumer Loan Corporation		Nevada
Household Consumer Loan Corporation II		Delaware
Household Credit Services Overseas, Inc.		Delaware
Household Finance Consumer Discount Company		Pennsylvania
Household Finance Corporation II		Delaware
	dba Household Finance Corporation of Virginia
Household Finance Corporation III		Delaware
	dba HFC Mortgage of Nebraska
	dba Household Mortgage Services
	dba HSBC Mortgage
Household Finance Corporation of Alabama		Alabama
Household Finance Corporation of California		Delaware
Household Finance Corporation of Nevada		Delaware
Household Finance Corporation of West Virginia		West Virginia

		US — State
Names of Subsidiaries		Organized
Household Finance Industrial Loan Company		Washington
Household Finance Industrial Loan Company of Iowa		Iowa
Household Finance Realty Corporation of Nevada		Delaware
Household Finance Realty Corporation of New York		Delaware
Household Financial Center Inc.		Tennessee
Household Global Funding, Inc.		Delaware
Household Industrial Finance Company		Minnesota
Household Industrial Loan Co. of Kentucky		Kentucky
Household Insurance Agency, Inc.		Michigan
Household Insurance Agency, Inc. Nevada		Nevada
Household Insurance Group Holding Company		Delaware
Household Insurance Group, Inc.		Delaware
Household Investment Funding, Inc.		Delaware
Household Ireland Holdings Inc.		Delaware
Household Life Insurance Co. of Arizona		Arizona
Household Life Insurance Company		Michigan
Household Life Insurance Company of Delaware		Delaware
Household OPEB I, Inc.		Illinois
Household Pooling Corporation		Nevada
Household Realty Corporation		Delaware
	dba Household Realty Corporation of Virginia
Household Recovery Services Corporation		Delaware
Household REIT Corporation		Nevada
Household Relocation Management, Inc.		Illinois
Household Servicing, Inc.		Delaware
Household Tax Masters Acquisition Corporation		Delaware
Housekey Financial Corporation		Illinois
HSBC — GR Corp. (f/k/a Household Financial Group, Ltd.)		Delaware
HSBC Affinity Corporation I (f/k/a HFC Card Funding Corporation)		Delaware
HSBC Auto Accounts Inc. (f/k/a OFL-A Receivables Corp.)		Delaware
HSBC Auto Credit Inc. (f/k/a Household Automotive Credit Corporation)		Delaware
HSBC Auto Finance Inc. (f/k/a Household Automotive Finance Corporation)		Delaware
HSBC Auto Receivables Corporation (f/k/a Household Auto Receivables Corporation)		Nevada
HSBC Bank Nevada, N. A. (f/k/a Household Bank (SB), N.A.)		United States
HSBC Card Services Inc. (f/k/a Household Credit Services, Inc.)		Delaware
HSBC Card Services (II) Inc. (f/k/a Household Credit Services II, Inc.)		Oregon
HSBC Card Services (III) Inc. (f/k/a Household Card Services, Inc.)		Nevada
HSBC Consumer Lending (USA) Inc.		Delaware
HSBC Credit Center, Inc.		Delaware
HSBC Home Equity Loan Correspondent Corporation I (f/k/a HSBC Mortgage Funding Corporation I )		Delaware
HSBC Home Equity Loan Corporation I (f/k/a HFC Revolving Corporation)		Delaware
HSBC Home Equity Loan Corporation II (f/k/a Household Receivables Acquisition Company)		Delaware
HSBC Insurance Company of Delaware (f/k/a Service General Insurance Company)		Ohio
HSBC Mortgage Services Inc. (f/k/a Household Financial Services Inc.)		Delaware

	US — State
Names of Subsidiaries	Organized
HSBC Mortgage Services Warehouse Lending Inc. (f/k/a HFC Funding Corporation)	Delaware
HSBC Pay Services, Inc. (f/k/a Household Payroll Services, Inc.)	Delaware
HSBC Private Label Corporation (f/k/a Household Corporation)	Delaware
HSBC Receivables Acquisition Company I (f/k/a Household Receivables Acquisition Company II	Delaware
HSBC Receivables Funding Inc. I (f/k/a Household Receivables Funding, Inc. III)	Delaware
HSBC Retail Services Inc. (f/k/a Household Retail Services, Inc.)	Delaware
HSBC Single Seller Depositor (USA) LLC	Delaware
HSBC Taxpayer Financial Services Inc. (f/k/a Household Tax Masters Inc.)	Delaware
HSBC TFS I 2005 LLC	Delaware
HSBC TFS I LLC	Delaware
HSBC TFS II 2005 LLC	Delaware
HSBC TFS II LLC	Delaware
Hull 752 Corporation	Delaware
Hull 753 Corporation	Delaware
JV Mortgage Capital Consumer Discount Company	Pennsylvania
JV Mortgage Capital, Inc.	Delaware
JV Mortgage Capital, L.P.	Delaware
KMD Center, Inc.	Delaware
Leasing at Sixty-First Corporation	Delaware
Macray Corporation	California
magnUS Services, Inc.	Delaware
MES Insurance Agency, LLC	Delaware
Metris Receivables, Inc.	Delaware
Moore’s Realty Inc.	Delaware
Mortgage One Corporation	Delaware
Mortgage Two Corporation	Delaware
MTX LLC	Delaware
Neil Corporation	Delaware
Nineteenth HFC Leasing Corporation	Delaware
North Indemnity Insurance Company	Delaware
Old K & B Corporation	Michigan
Pacific Agency, Inc.	Nevada
Pacific Finance Loans	California
Pargen Corporation	California
Personal Mortgage Corporation	Delaware
Personal Mortgage Holding Company	Delaware
PPSG Corporation	Delaware
Properties on Twenty-Second Corporation	Delaware
Real Estate Collateral Management Company	Delaware
Renaissance Bankcard Services of Kentucky	Kentucky
Service Administrators, Inc. (USA)	Colorado
Service Management Corporation	Ohio
Seven Acres Leasing Corporation	Delaware
Seventh HFC Leasing Corporation	Delaware

	US — State
Names of Subsidiaries	Organized
Silliman Corporation	Delaware
Sixth HFC Leasing Corporation	Delaware
Solstice Capital Group, Inc.	Delaware
South Property Corporation	Delaware
Southwest Beneficial Finance, Inc.	Illinois
Southwest Texas General Agency, Inc.	Texas
SPE 1 2005 Manager Inc.	Delaware
SPE 1 Manager Inc.	Delaware
Tampa Island Transit Company, Inc.	Florida
Tenth Leasing Corporation	Delaware
Third HFC Leasing Corporation	Delaware
Thirteenth HFC Leasing Corporation	Delaware
Twenty-Sixth Place Corporation	Delaware
Valley Properties Corporation	Tennessee
Wasco Properties, Inc.	Delaware

Non-US Affiliates

Names of Subsidiaries	Country Organized
Amstelveen FSC, Ltd.		Bermuda
B&Q Financial Services Limited		England
Beneficial Limited		England
Beneficial Premium Services Limited		England
BFC Insurance (Life) Limited		Ireland
BFC Insurance Limited		Ireland
BFC Ireland (Holdings) Limited		Ireland
BFC Pension Plan (Ireland) Limited		Ireland
BFC Reinsurance Limited		Ireland
D.L.R.S. Limited		England
Endeavour Personal Finance Limited		England
Hamilton Financial Planning Services Ltd.		England
Hamilton Insurance Company Limited		England
Hamilton Life Assurance Company Limited		England
HFC Bank Limited		England
HFC Financial Services Holdings (Ireland) Limited		Ireland
HFC Pension Plan (Ireland) Limited		Ireland
HFC Pension Plan Limited		England
Household (Jersey) Limited		Channel Island
Household Commercial Canada, Inc.		Canada
Household Computer Services Limited		England
Household Finance Limited		England
Household Funding plc		England
Household Global Holdings, BV		Netherlands
Household International Europe Limited		England
Household Investments Limited		England
Household Leasing Limited		England

Names of Subsidiaries	Country Organized
Household Management Corporation Limited		England & Wales
Household Overseas Limited		England
Household Realty Corporation Limited		Canada
Household Trust Company		Canada
HSBC Finance Corporation Canada (f/k/a Household Finance Corporation of Canada)		Canada
HSBC Financial Corporation Limited (f/k/a Household Financial Corporation Limited)		Canada
HSBC Retail Services Limited (f/k/a Household Financial Corporation Inc.)		Canada
ICOM Limited		Bermuda
Invis Inc.		Canada
Night Watch FSC, Ltd.		Bermuda
Sterling Credit Limited		England
Sterling Credit Management Limited		England
Sterling Mortgages Limited		England