- Report: #449488
Complaint Review: Beneficial - Hsc - Nationwide
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Author Confirmed
Why?
Beneficial - Hsc
www.beneficial.com Nationwide, U.S.A.
Phone:
800-333-4758
Web:
N/A
Categories:
Business Rating:
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Beneficial - Hsc installment loan ripoff Nationwide
I too have a loan through beneficial/HFC. We I got the loan I was told that this is an installment loan. I was also told that after 6 months of on time payments that my interest rate would go down. They told me that if I made these payments my loan would be paid off in 5 years. I have paid for 4 years and have reduced the principal by $200.00. When I called they informed me that this is a revolving credit loan (like a credit card) and by making the minimum payment I was only paying interest. At that time I told them to remove me from the automatic bill pay. I was unemployed at that time, but the insurance I had with them would not cover me (even though when I got it I was told it would) They now call me 8 to 10 times a day. They even called at 9pm one day. It was 9pm on the dot. This way they could not get in trouble for calling after 9. normally the last call is at 8:50pm. If you don't have a loan with them, don't get one. The only way out of their loan is bankrupcy.
Eddie m
Franklin, Virginia
U.S.A.
Eddie m
Franklin, Virginia
U.S.A.
1 Updates & Rebuttals
T.T.L.
Gainesville,Florida,
On the same boat
#2Consumer Comment
Wed, July 23, 2014
HSC promised to reduce my interest rate (now at 8.6%) if I paid on time for 1 year. I signed the signature page of the "so called" agreement, but it was never notorized or witnessed, nor did I initial the other pages that I did not review or read. I had been through some very hard financial and medical issues for ~6 years, even though I paid them something every month. After 1 year of on time payments, they refused to renegotiate another interest rate, saying that if I paid for a year, that I could afford payments. None of their records are up to date, and every person that calls to harass me is ignorant and rude.
I finally went to see a real estate attorney and it took him 6 times to connect to an individual. Now, because I contacted them with an attorney, they refuse to speak with me. The good side is that they aren't calling and harassing me. I hope this company, the board of directors, and all their employees get what is coming to them.
