- Report: #35235
Complaint Review: Household Finance - Knoxville Tennessee
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Author Not Confirmed
Why?
Household Finance
7240 Kingston Pike The Gallery Store Knoxville, 37919 Tennessee, U.S.A.
Phone:
865-584-0210
Web:
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Household Finance Beneficial ripoff Preditory Loan Practice Picks people at vunerable times and takes advantage ripoff business from hell Knoxville Tennessee
Two years ago we got ourselves into about 30000. in credit card debt. Our son had been in the hospital for 5 months with no insurance and we were trying to help him out. We decided to try to consolidate our loans because at the time we didn't know that there were other ways. We talked to Household finance and thought we had an answer to our prayers. What we didn't know was our undoing.
The first thing they did was send out an appraiser who appraised our house for more than it was worth. They encouraged us to tell the appraiser that we needed the house to appraise for 189900. We did like dummies and he appraised it for that amount. Then they came to our house and told us we had to add all of our bills to the consolidation no matter how small.
Then they charged us 16900. for closing cost and more fees on top of that. We went from oweing 121000. on our house to owing 198900.00 and a second mortgage of 15000.00 The first mortgage was 11 almost 12 % and the second mortgage was 21%. We have payed 2250.45 a month for 2 years and our balance does not budge. We can't sell because we owe more than the house is worth. About 50000. more than the house is worth.
Also we have a 5 year prepayment penalty which adds another 11000. on our balance if we sell. We have begged them to come down on the interest so we can afford to make the payments but they won't. Our credit is ruined because of our high debt ratio.
We need help! I hope noone ever has to go through what we have had to go through. We have reported them to everybody we know to complain to but nothing has helped so far.
Greg and Rhonda
Maryville, Tennessee
The first thing they did was send out an appraiser who appraised our house for more than it was worth. They encouraged us to tell the appraiser that we needed the house to appraise for 189900. We did like dummies and he appraised it for that amount. Then they came to our house and told us we had to add all of our bills to the consolidation no matter how small.
Then they charged us 16900. for closing cost and more fees on top of that. We went from oweing 121000. on our house to owing 198900.00 and a second mortgage of 15000.00 The first mortgage was 11 almost 12 % and the second mortgage was 21%. We have payed 2250.45 a month for 2 years and our balance does not budge. We can't sell because we owe more than the house is worth. About 50000. more than the house is worth.
Also we have a 5 year prepayment penalty which adds another 11000. on our balance if we sell. We have begged them to come down on the interest so we can afford to make the payments but they won't. Our credit is ruined because of our high debt ratio.
We need help! I hope noone ever has to go through what we have had to go through. We have reported them to everybody we know to complain to but nothing has helped so far.
Greg and Rhonda
Maryville, Tennessee
3 Updates & Rebuttals
Chris
London,Kentucky,
home loans through household a joke
#2UPDATE EX-employee responds
Mon, November 18, 2002
as an ex employee take me from me i was working at household when they had their stock meeting in london ky where i worked at the call center the acorn organization was there. they will help you with this situation i went to household.com and found in the press new this following information about household here it is News Release HSBC to Acquire Household International HSBC Holdings plc ("HSBC") and Household International, Inc. ("Household") have reached agreement for HSBC to acquire Household. Under the terms of the merger agreement, which has been approved by each company's board of directors, Household common shareholders will be entitled to receive 2.675 HSBC ordinary shares or 0.535 HSBC American Depositary Shares for each share of Household common stock. The consideration is valued at approximately US$30.04 per Household share, based on the closing price of a HSBC ordinary share on the London Stock Exchange of 7.07 (approximately US$11.23) on 13 November 2002. On this basis the total consideration for the current outstanding Household common stock is approximately US$14,242 million (approximately 8,967 million). The HSBC shares to be issued in exchange for Household common shares will result in an increase in the issued share capital of HSBC of approximately 13.38%.
Chris
London,Kentucky,
home loans through household a joke
#3UPDATE EX-employee responds
Mon, November 18, 2002
as an ex employee take me from me i was working at household when they had their stock meeting in london ky where i worked at the call center the acorn organization was there. they will help you with this situation i went to household.com and found in the press new this following information about household here it is News Release HSBC to Acquire Household International HSBC Holdings plc ("HSBC") and Household International, Inc. ("Household") have reached agreement for HSBC to acquire Household. Under the terms of the merger agreement, which has been approved by each company's board of directors, Household common shareholders will be entitled to receive 2.675 HSBC ordinary shares or 0.535 HSBC American Depositary Shares for each share of Household common stock. The consideration is valued at approximately US$30.04 per Household share, based on the closing price of a HSBC ordinary share on the London Stock Exchange of 7.07 (approximately US$11.23) on 13 November 2002. On this basis the total consideration for the current outstanding Household common stock is approximately US$14,242 million (approximately 8,967 million). The HSBC shares to be issued in exchange for Household common shares will result in an increase in the issued share capital of HSBC of approximately 13.38%.
Chris
London,Kentucky,
home loans through household a joke
#4UPDATE EX-employee responds
Mon, November 18, 2002
as an ex employee take me from me i was working at household when they had their stock meeting in london ky where i worked at the call center the acorn organization was there. they will help you with this situation i went to household.com and found in the press new this following information about household here it is News Release HSBC to Acquire Household International HSBC Holdings plc ("HSBC") and Household International, Inc. ("Household") have reached agreement for HSBC to acquire Household. Under the terms of the merger agreement, which has been approved by each company's board of directors, Household common shareholders will be entitled to receive 2.675 HSBC ordinary shares or 0.535 HSBC American Depositary Shares for each share of Household common stock. The consideration is valued at approximately US$30.04 per Household share, based on the closing price of a HSBC ordinary share on the London Stock Exchange of 7.07 (approximately US$11.23) on 13 November 2002. On this basis the total consideration for the current outstanding Household common stock is approximately US$14,242 million (approximately 8,967 million). The HSBC shares to be issued in exchange for Household common shares will result in an increase in the issued share capital of HSBC of approximately 13.38%.
