Beneficial Finance Household Finance Company Scamming of Old Disabled Viet Nam Era Veteran ,65 year od female, Baltimore, Maryland
In 2007, I made a colossal mistake by signing for A Home Equity Loan of $15,000...with Beneficial HFC..After not missing one payment,nor taking any monies out of the loan and after paying them $ 12,788.00, they now say I owe them $15,079.00!!!! This situation has literaly made be more ill than I already am... Can someone please HELP.. Yes I am afraid of some sort of retaliation, since they hold my first Mortage.
3 Updates & Rebuttals
Georgia 1945
Decatur,Georgia,
United States of America
Truth-In-Lending....
#4Author of original report
Mon, February 14, 2011
There were no Truth-In-Lending disclosures viewed or discussed during the signing of this Contract
Steve
Bradenton,Florida,
U.S.A.
What did the Truth in Lending statement say?
#4Consumer Comment
Sun, February 06, 2011
This is something you should have figured out BEFORE you signed the contract.
This is the whole purpose for the "truth in lending" statement that is required by federal law.
You MUST sign that you understand the costs before the loan is completed.
WHAT did that form say?
Karl
Clovis,New Mexico,
U.S.A.
Rule of 78s
#4Consumer Suggestion
Sun, February 06, 2011
Was this load made under the "Rule of 78s when essentially all of the interest is paid up front before you start to pay principal? Also your interest rate may be very high. I suggest going to your credit union or bank next time.