HSBC and Beneficial strip 7 years of equity
DG in Washington says: “I didn’t know what I was getting in to when I went through Beneficial a few years ago. I lost 7 plus years of equity and make a payment of almost $1,200.00 a month with very little going on my principle loan. Now I just wish I knew how to get out from under them!”
Editor’s note: A few years ago we published “The Secrets of HFC and Beneficial Finance” which explains the problem. When the customer needs help, as is often the case during this period of ARM resets and subprime problems, we also invite your attention to our factual detailed article “HFC - Masters of the run-around“.
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