ED Magedson – Founder
I would definitely like to say a few words about this rip-off company.
My husband made the terrible mistake of getting a personal loan with these clowns back in 2008, before we married. At that time, it was a $10,000 loan. Almost 2 years later, with the ridiculous finance rate they charge (28.90%), it's down to $8,600 and some change!!
We have tried EVERYTHING to get the finance charge lowered so at the very least, it looks like we are making progress. I would think that normally, if you are making payments on it, they would lower the finance charge to reward the work you are doing to get the balance paid off.
The last statement we received had the previous account balance with the approximately $8600 with the .86 in the cents. The new balance shows the same dollar amount with .68 in the cents place!!
I'm near the end of my rope with these bozos and prime to go into a class-action lawsuit with anyone who is interested!!
This report was posted on Ripoff Report on 06/01/2010 11:22 PM and is a permanent record located here: http://www.ripoffreport.com/r/Beneficial-HSBC/internet/Beneficial-HSBC-Dont-ever-ever-ever-get-a-personal-loan-with-these-clowns-Internet-609344. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.
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