Household Finance Corporation ripoff Burlington Massachusetts

I worked for HFC for the better part of 3 years. They train their salespersons to lie, cheat and deceive the borrowers. They know they cannot compete against other lenders with their notoriously high rates and fees, so they prey upon the "uneducated".

Most important, any HFC customer, do not believe a word they say with their "bi-weekly" effective rate. You can save paying bi-weekly, but you can also save by paying off their high interest loan and getting one that your credit deserves.
They sell people on payment....not rate...but payment. They don't explain that putting a 5 yr $425 car payment into the 30 yr mortgage will cost the customer thousands. Oppositely they tell them they will "save" $300 per month. Deferrring interest over 30 years is far from a savings.

Finally, they get you with the points by going over the approval amount. For example your $200,000 loan will have a $209,000 balance when your first statement arrives. And they will respond to that as "pre-paid interest", when in actuality it was a fee.

Bottom line....stay away...stay far away