- Report: #184123
Complaint Review: Beneficial - Household Finance - Spring Lake North Carolina
-
Author Confirmed
Why?
Beneficial - Household Finance
316-G Highway 210 North Spring Lake, 28390 North Carolina, U.S.A.
Phone:
910-497-6121
Web:
N/A
Categories:
Business Rating:
(0)
Tell us has your experience with this business or person been good?
Beneficial - Household Finance And HSBC Group An Unwanted Side Loan ripoff Spring Lake North Carolina
I was looking into refinancing my home in North Carolina in June 2002 to help pay off some bills. I looked through the yellow pages and called Beneficial and explained to them what I wanted to do.
Beneficial arranged for an appraisal of my home. After the appraisal was done, they called me to come into the office that week to complete the paperwork for the home mortgage refinancing. They told me at that time I also qualified for a home equity side loan of $12,000, with my home as security for the side loan. They gave me the impression that I could not get the mortgage refinanced without accepting the side loan as well.
I retired in 2004, sold my home, and relocated, but am still stuck with this ridiculous side loan. The balance never seems to go down, even though I no longer use any money from that loan. The interest rates are outrageous.
I may be stuck paying on this until the balance is paid off, but it could be at some point that someone will realize that Beneficial has a sneaky way of making you think you're getting a good deal.
I learned one thing from this. I'll be very careful if and when I need another loan -- and it won't be from Beneficial, Household Finance, or any HSBC Group company.
If this helps just one person to stay away from Beneficial and other companies like them, it will be worth it.
Suzanne
Sunapee, New Hampshire
U.S.A.
Beneficial arranged for an appraisal of my home. After the appraisal was done, they called me to come into the office that week to complete the paperwork for the home mortgage refinancing. They told me at that time I also qualified for a home equity side loan of $12,000, with my home as security for the side loan. They gave me the impression that I could not get the mortgage refinanced without accepting the side loan as well.
I retired in 2004, sold my home, and relocated, but am still stuck with this ridiculous side loan. The balance never seems to go down, even though I no longer use any money from that loan. The interest rates are outrageous.
I may be stuck paying on this until the balance is paid off, but it could be at some point that someone will realize that Beneficial has a sneaky way of making you think you're getting a good deal.
I learned one thing from this. I'll be very careful if and when I need another loan -- and it won't be from Beneficial, Household Finance, or any HSBC Group company.
If this helps just one person to stay away from Beneficial and other companies like them, it will be worth it.
Suzanne
Sunapee, New Hampshire
U.S.A.
1 Updates & Rebuttals
Suzanne
Sunapee,New Hampshire,
U.S.A.
Still Paying These Scammers
#2Author of original report
Wed, April 12, 2006
Looking at my latest bill from these scam artists -- $27 of my monthly payment went to the principal and the rest went towards the finance charges! This has been going on for me for 4 years. At this rate, it will take an eternity to pay off the remaining balance. Someone needs to put this company out of business so they can no longer take advantage of the rest of us!!
