MS in Pennsylvania said: “We had an ATV loan a while back and after dealing with these idiots, we swore never again. Fast forward to now, some 5 years later. After trading my truck for another,they were gonna finance me with different banks. I went with a higher interest rate with Bank of America […]
JO in South Carolina said: “I was a HFC/Beneficial Manager for 10 years. I was forced to take a demotion in Jan 2008, I closed 1 Branch in SC due to optimzition and was FIRED on Thursday of last week for supposedly a “Time Entry Error”. My DSM walked into my branch […]
MR in Arizona said this informative copy of his long letter: September 13, 2008
Arizona Department of Financial Institutions and all in CC list.
2910 North 44th Street, Suite 310
Phoenix, Arizona 85018
RE: Loan number: (redacted) HFC-HSBC
• Predatory Lending Practices
• Misrepresentation of lending […]
AM in Texas said: “I worked for Beneficial for 11 years, and I left because they still overcharge customers with rates, right now I am closing loans at a 6.0 rate versus Beneficial that is charging over 11% with the same credit profile. The government needs to regulate this lending practices.”
ES in North Carolina reports this problem: “Please explain how HSBC can mail me documents showing my mortgage with them 11/1995 when I have my mortgage papers from SAXON & Meriteck showing my mortgage was paid off in 1997? I also received HUD papers (detailed) from HSBC/HFC Mortgage with my signature forged dated 11/1995. What […]
KD in Ohio says: “As a current employee, I have read many of the complaints and concerns on this page by both emloyees of the company and customers. Unfortunately, I can say I believe everything I have heard. The company (Beneficial), has set sales goals that cannot be met by an ethical […]
SM in Missouri says: “HSBC RS and Best Buy is a scam. Any other dept. store’s lenders are not so corrupt. You have to make your payment 3-4 days ahead of time when paying online!!! My bill is not due until the 13th of January, I made it tonight (Jan10th) and in order for it […]
A former HSBC employee working at Beneficial Finance sent this report:
I am not willing to leave my correct initials however anyone familiar with this website or with the recent ongoings at Beneficial will probably figure out who I am. I was recently fired from Beneficial after being employed for over 11 years.
I hired in […]
An open letter to HSBC, Knight Vinke and Stephen Green
We monitor customer trends for possible violations of Regulation Z and other possible illegal actions.
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