Comments on: HFC and Beneficial Bait and Switch and How HSBC Makes It Work

by: Rick Herman

Sun, 14 Oct 2007 00:27:49 +0000

You must be a current HSBC employee! You need to get a life; realize that HSBC is a predator lender and move on to a reputable company that has its customers in mind. I had a 703 fico score and got lulled into their story of “helping” lower my monthly payments to refinance my ARM which was going to increase my monthly payment by $250.00+. They put me into a side loan/debt consolidation, to also lower my monthly payments, and the loan is now growing, not reducing due to the monthly payment. I will have to pay an addition $380.00 per month to keep up with the interest alone. I am actually going to have to pay an additional $150.00 a month more than I was to stay ahead. This company has nothing but turning profit from their victims, not helping their customers.
They need to be prevented from continuing this type of “business” practice. I think the Attorney General needs to get involved with this type of business practice. I am doing everything possible to get away from this company and am telling EVERY body that I know to not get involved with this company, EVER.

by: The Truth

Fri, 12 Oct 2007 00:08:06 +0000

Obviously the individual who posted this on the website was a former employee of the company. Everything described in this article is a very worse case example that happens .00001% of the time. First, the customer ELECTS to cash this live check that they get in the mail and is not commited to taking insurance on the loan when they come into to the office. They sign an “optional credit insurance disclosure.” Second, hfc/beneficial mostly deals with customers who have 480-599 fico scores. Many of these customers are upside down in credit card debt and delinquent on their mortgage. This company is the only one that can help them. Stop complaining about the company that let you go and move on with your life!

by: Alex Lorda

Thu, 20 Sep 2007 00:17:30 +0000

Orchard Bank credit card by HSBC
I was charged for a service I can prove I didn’t sign up for. The charge was placed directly on my bill. I was given no notification. I have checked blogs and found that this has happened to others. I believe this is a systematic “mistake” on there part, some thing they do periodically to some small percent of all customers. They said they would credit my account, but how many people have been ripped off because they didn’t read their statement?