Complaint Review: Beneficial Finance - Wenatchee Washington
- Beneficial Finance 1111 N. Mission St. Suite C Wenatchee, Washington U.S.A.
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- Category: Financial Services
Beneficial Financial Bank, Wenatchee, WA
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Last year, I had a number of bills and considered consolodating them into one loan. I needn't to, but thought it would be convenient to just write one check. When I talked to one of their reps, he told me how great it would be how it'd lower my monthly bills and save me alot of money. So I went ahead and did it. I believed him and didn't think much of it when he had me sign the papers. Only after everything was finalized did I find out that the interest reate was 24.9%!!! They also added an insurance thing (extra $300 or so charge) that I didn't need; and it took six months of constant phone calls, letters and faxes to have it removed. All the while, interest was building. I recently got another loan from a credit union just to pay this loan off. When I went to pay it off, I found out that they have added over $1,100 in interst and "other charges." So instead of a couple hundred dollars left on the balance, I have almost $2000 as the balance. When I called to express my dissatisfaction, they blamed me somehow. I've never felt so ripped off. Now as a result, my financial situation is much worse than when I started. What they told me would be convenience is killing me financially.
This report was posted on Ripoff Report on 08/09/2000 12:00 AM and is a permanent record located here: https://www.ripoffreport.com/reports/beneficial-finance/wenatchee-washington-98802/beneficial-financial-bank-wenatchee-wa-2876. 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. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content
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