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Is the Beneficial Finance mortgage late fee really $99 a month? Please look at this quote: “…[HSBC] had no interest in helping us whatsoever. We also had several mean and harassing phone calls from Beneficial at home and at work until we finally got the mortgage caught-up with our tax refund. We still owe over $700.00 in late fees and continue to have difficulty making our payment on time which causes a $99.00 late fee to be added monthly.” You can read the entire report here. This borrower tried RESPA, HUD counseling, and the beneficial hardship program. But $99 a month? That is way out of line with the late fees charged by other mortgage lenders licensed to operate in the United States.
This article, Beneficial and HSBC hardship program questioned, is just one of our articles from our Bank Horror Stories, HSBC Secrets Part 3
Bank Horror Stories monitors banking problems and customer complaints and has done so since 1999. Writers hold no stock positions. Some material is used under the fair use copyright act.
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