Beneficial nj inc Beneficial Mortgage company liars misrepresentations, predators, thieves, is interest tax deductible if so how does government condone Bricktown New Jersey

My husband borrowed 15,000 after convincing sales pitch which promised to lower interest payments on misc. bills through secured home equity loan. After 17 months of payments in the amount of $351.52 his balance is now $16,020.80. This money was financed to him without my signature owning half interest in property used to secure loan.

Furthermore, all literature provided is contradictory. Home equity line of credit brochure states interest is not tax deductible yet tax deduction form 1098 was sent . Is it or is it not tax deductible. If so, why isn't federal government doing something. All victims of these predators will be deducting interest for the rest of their lives because balance due keeps going up. This is nothing more than a credit card with interest so high, a hard working middle class person will never be able to touch principal. Credit card interest is not tax deductible. Beneficial calls it a " mortgage",or a "home equity revolving credit line account", or "alternative mortgage transaction"-all different forms of financing subject to different laws and statutes. How convenient they cover all bases. If there is a violation in truth in lending law, they use the laws of revolving credit as their defense. If one finds violation in revolving credit laws, there are always those alternative mortgage transaction loop holes to fall back on.

Which is it Beneficial-

My husband has two full time jobs and I have a full time job along with managing a home and raising two children. Beneficial offered my husband an opportunity to lighten our burden, put more money in our pockets at the end of the month and even encouraged him to take a few hundred bucks to do something nice for ourselves. They laid the bait, and my husband got hooked. I have to wonder what beneficials employee development and training sessions are like. They are at the top of their game when it comes to maniputation, lies and deceit. How do these employees live with themselves.

Well, I am Irish, I am Taurus and I am my mother's daughter.
As tired, angry, frustrated and defeated as I am from all the "running in place" I am doing these days holding on to my little three bedroom rancher, I know I can find the strength to fight them. How bout a class action suit. Anyone out there want to join me. Any attorney out there willing to help hard working people doing their best to have a small piece of the American Dream? Perhaps we were all trusting, or too tired to read the fine print as only the signature lines were pointed out at the time of the transaction. Perhaps many of us, targeted because of our temporary financial limitations, just didn't have $300 to have an attorney look over the paperwork. Lets be the group that stops them once and for all.

tracy
Tuckerton, New Jersey