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HSBC is cutting back in the U.S. after its 2003 purchase of Household International Inc. required it to set aside more than $65 billion for bad loans

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Posts Tagged ‘ Beneficial ’

25 May
Posted in Insurance Issues

HSBC sends insured account to collections instead

MS in Georgia said: “I have an unsecured loan with HFC now Beneficial since 8/2007. I also have insurance on the account. I filed an online claim in 7/09 and have had an absolute nightmare of a time dealing with them in getting any info in regards to my claim. [...]

21 May
Posted in Watchdog Issues
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There were fewer crooks in the 70′s RE HSBC

I spent over 25 years working as an attorney representing large commercial real estate lenders. I have little experience in consumer protection issues, since I didn’t represent consumers or banks who dealt with consumers. I had forgotten that Household Finance, successor to Beneficial, had received the largest fine for predatory [...]

24 April
Posted in Payment Issues
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HSBC can’t track payments since local office shut down

RM in California said: “Beneficial Finance and HSBC is saying that I am late on my payments and I am not. I used to take my payments to the office in our town or the neighboring town to pay then they closed and didnt tell anyone. I have since been [...]

24 April
Posted in Payment Issues
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Moving HSBC mortgage payment date is risky

SW in Virginia said: “Household Finance (aka) beneficial hold or held our mortgage. In Dec 2008 we put in a request to have our Payment date moved from the 15t of the month to the first of the month. An agreement, over the phone, was made, paper work was signed, [...]

24 April
Posted in Hardship Issues
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HSBC collections are loan sharks says customer

DG in Ohio said: “My husband and I have had some financial difficulties due to the economy. My husband had to take an 8.9 % paycut as well as I had a heart attack back in September. I have received a number of phone calls from HSBC Collections department regard [...]