HFC Beneficial, HSBC, Household Finance www.hfc.com
Gaithersburg, Jackson MI,, Maryland U.S.A.
HFC Beneficial, HSBC, Household Finance left me destitute and unable to feed my family Gaithersburg, Jackson MI, Maryland, and Michigan
My ex-husband and I financed a car through HSBC in October 2001. I was the co-signer on the car. My ex-husband made payments on the car until about May 2005. I wasn't notified that he had stopped making payments. The next thing I knew he told me the car was repossessed. I contacted HSBC but I was not given any information about the resale of the vehicle. I was told the case was transferred to HFC, the collection agency for their company. I contacted them and was told that he had been offered a settlement agreement for $2051. I started making payments of $300 a month to pay off this debt. I had a financial issue and I was about two or three weeks late on one of the payments. I called the person I was working with and told her I would pay off the remaining balance when I received my tax refund in February 2007. I was then told that I had missed three payments (which I did not) so my account was transferred to their legal department. Now the balance owed is $9862 including legal fees and interest. The company made an offer in March 2007 for me to pay $1000 down and $300 a month, but my car broke down and cost $1600 to repair and I was unable to come up with that money in 7 days like they were asking. They then began to garnish my wages in June 2007. The garnishment ended in August 2007. I received a letter to appear in court in December, but then a few days later noticed that my bank account was showing -$8732. They placed a freeze on my account which left me no money to pay my rent or any other bills for that matter. I made some calls to the attorney (Glasser & Glasser) and was met by rudeness from someone in their collections department. I also contacted HSBC again and spoke with Jocelyn Boone. She seemed to be the only person that was helpful. I finally obtained the information about the resale of the vehicle. The car was resold for $2100 leaving a balance of $8062. I seriously doubt that was the remaining balance since he had paid for the car for almost four years before it was repossessed. It was only a five year loan. These people don't care that they leave people destitute and with no means of survival for their family. They are not trying to pursue my ex-husband because they say he lives out of state so there is nothing they can do. I just think I am the closest target so why not take me out.
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