- Report: #431862
Report - Rebuttal - Arbitrate
Complaint Review: HSBC - Beneficial
HSBC - Beneficial961 WEigel Drive Elmhurst, Illinois U.S.A.
HSBC - Beneficial Hardship Program Rip Off Elmhurst Illinois
To make it as short as I can I had to reapply for the hardship program and fax the information to the Hardship department again. In a letter dated Feb. 20, 2009 I was declaired in default and told I had until Mar. 06, 2009 to come up with over $7000.00 or they would cause foreclosure proceedings to be instuted against the property. How can they want to foreclose on the property when we have done everything in our power to come to an agreement with them for reasonable terms. Our current interest rate is 9.95% with monthly payments of $1224.39. It takes two of my bi-weekly paychecks to make this payment. I asked why they wanted to foreclose on my home and add to the already declining property values, when it made more sence to renegotialte for a lower interest rate and lower monthly payment that we could afford. When I did go back to work on Feb. 09,2009 my wages were decreasedby at least $150 a paycheck because I was not getting sale incentives due to the fact I was training for a new client and the Company I work for did not yet have sale insentives worked out with the new client yet. It is imposible for us to work with a loan modification company. The only ones I get any response from are either in Califirnia or Florida and want any where from $2,000.00 to $4000.00 to take our case. If I had that kind of money it would be extremely stupid of me not to apply it to our outstanding amount past due. I feel like we are drowning, my husband is thretening suicide and take as many as he can who try to take our house. It all seems hopeless. The only thing the Government agencies, United Way and HUD are doing is play phone tag with me.
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This report was posted on Ripoff Report on 03/07/2009 06:33 PM and is a permanent record located here: http://www.ripoffreport.com/r/HSBC-Beneficial/Elmhurst-Illinois-60129/HSBC-Beneficial-Hardship-Program-Rip-Off-Elmhurst-Illinois-431862. 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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