- Report: #70247
Complaint Review: Household Finance - ElmHurst Illinois
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Author Confirmed
Why?
Household Finance
PO Box 8633 ElmHurst, Illinois, U.S.A.
Phone:
800-609-4278
Web:
N/A
Categories:
Business Rating:
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Tell us has your experience with this business or person been good?
Household Finance ripoff deceptive misleading ElmHurst Illinois
I already had a loan with Household finance. I was in a desperate situation. They called me telling me that they can help me with my financial situation. I went to their office in Wheaton Maryland in late August of 2002 and met with a loan officer who was also identified himself as a reverend. I am a very religious person and I shared with him my problems (i.e. verge of bankruptcy telling him how I hoped I was making the right decision and that it was God's will. I was skeptical. "With this loan now you won't have to." (bankruptcy)
He turned out to be a wolf in sheep's clothing! A true reverend would not prey on people! He said how the loan would pay off all my credit cards. (BULL!)My previous mortgage had been at 8%.They refinanced it at a higher rate! I questioned him when he said that my rate would be 11%. He said that its the rate they charge everybody and that I would still be paying less than I am now. "You'll still be saving a lot of money miss ******."
That's a bunch of bull! They charged me outrageous closing costs, somewhere between 15-20K, causing the amount of the loan to go over the equity of my home by $9,000! My home was appraised for $118,000 and the amount of the loan was for $127,000! The loan money could have been used to pay off more credit cards when instead, it was used for the stupid closing costs! I have to pay $1,200 a month! And this loan didn't even pay off all of my credit cards! I had to put most of my cards in a credit counseling program!
Now a year later I am struggling finacially like never before in my life! I am in a much worse situation now than I was a year ago! They almost foreclosed on my house! My uncle had to rescue me! Going to Household Finance to refinance only caused me more harm than good! I am now going to have to file for bankruptcy! I had excellent credit for 6 years and now its ruined!
I hold myself accountable for getting in debt and I have learned a valuble lesson, but Household was no help! They have seriously impacted my finances! I make 50K a year, but I am living in poverty!
On the up side: I am part of a class action lawsuit against Household. These people are in serious trouble! I will be getting a check for at least $1,700 this December. I am so sick of the injustice in this world! Evil will not win forever! When Jesus comes back, justice will be done! I am honored to share in Christ's suffering. Satan's Corporations are taking advantage of already suffering Christians (and others who need Christ)and stealing from them the resources they have left!
Janet
Riverdale, Maryland
U.S.A.
He turned out to be a wolf in sheep's clothing! A true reverend would not prey on people! He said how the loan would pay off all my credit cards. (BULL!)My previous mortgage had been at 8%.They refinanced it at a higher rate! I questioned him when he said that my rate would be 11%. He said that its the rate they charge everybody and that I would still be paying less than I am now. "You'll still be saving a lot of money miss ******."
That's a bunch of bull! They charged me outrageous closing costs, somewhere between 15-20K, causing the amount of the loan to go over the equity of my home by $9,000! My home was appraised for $118,000 and the amount of the loan was for $127,000! The loan money could have been used to pay off more credit cards when instead, it was used for the stupid closing costs! I have to pay $1,200 a month! And this loan didn't even pay off all of my credit cards! I had to put most of my cards in a credit counseling program!
Now a year later I am struggling finacially like never before in my life! I am in a much worse situation now than I was a year ago! They almost foreclosed on my house! My uncle had to rescue me! Going to Household Finance to refinance only caused me more harm than good! I am now going to have to file for bankruptcy! I had excellent credit for 6 years and now its ruined!
I hold myself accountable for getting in debt and I have learned a valuble lesson, but Household was no help! They have seriously impacted my finances! I make 50K a year, but I am living in poverty!
On the up side: I am part of a class action lawsuit against Household. These people are in serious trouble! I will be getting a check for at least $1,700 this December. I am so sick of the injustice in this world! Evil will not win forever! When Jesus comes back, justice will be done! I am honored to share in Christ's suffering. Satan's Corporations are taking advantage of already suffering Christians (and others who need Christ)and stealing from them the resources they have left!
Janet
Riverdale, Maryland
U.S.A.
