X
What do hackers,
questionable attorneys and
fake court orders have in common?
...Dishonest Reputation Management Investigates Reputation Repair
Free speech rights compromised

WATCH News
Segment Now
Ripoff Report | Beneficial Finance Review - Internet, Internet
X  |  CLOSE
Report: #1073368

Complaint Review: Beneficial Finance - internet Internet

  • Submitted:
  • Updated:
  • Reported By: 2gr8kids — kenosha Wisconsin
  • Author Not Confirmed What's this?
  • Why?
  • Beneficial Finance Internet USA

Beneficial Finance HSBC, Household Insurance increased interest without reason; refusal to honor life-insurance  Internet

Show customers why they should trust your business over your competitors...

Is this
Report about YOU
listed on other sites?
Those sites steal
Ripoff Report's
content.
We can get those
removed for you!
Find out more here.
How to fix
Ripoff Report
If your business is
willing to make a
commitment to
customer satisfaction
Click here now..

 Our initial mortgage interest rate in 2005 was 8% and we were told the rate would drop 1/4 of 1% each year as long as payments were never late.  We also took out life insurance on the mortgage. If the insured died AFTER 2 years, no documentation would be needed - it would be paid.

My husband died 5 DAYS before the 2-year anniversary.  I provided all the information they asked for and they used it to deny my claim.  His cause of death was unrelated to ANY doctor visits in the previous several years, but they denied it anyway - even after I appealed.

I recently contacted them to get my loan refinanced.  They're no longer in the mortgage business so they will not refinance.  I also found that my interest rate is 8.8%.  It should be 6% based on what we were told in 2005.  No one I have spoken to can help me - they're all in India.  They're also all worthless.

This company is unscrupulous.  It would be wonderful to see a class-action done, but I won't hold my breath waiting for it to happen.  Here's my take on this:  Beneficial is owned by HSBC.  HSBC is one of the richest corporations in the world.  Seriously.  To the tune of 4 trillion.  They don't care how many complaints they get.  They don't finance ordinary mortgages anymore so who cares about bad publicity.  If a law firm files a class action, HSBC can send an army of their own attorneys.  Price will be no object to them.  It would be Daniel fighting Goliath.

This report was posted on Ripoff Report on 08/05/2013 10:40 PM and is a permanent record located here: https://www.ripoffreport.com/reports/beneficial-finance/internet/beneficial-finance-hsbc-household-insurance-increased-interest-without-reason-refusal-t-1073368. 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

Search for additional reports

If you would like to see more Rip-off Reports on this company/individual, search here:

Report & Rebuttal
Respond to this report!
What's this?
Also a victim?
What's this?
Repair Your Reputation!
What's this?

Advertisers above have met our
strict standards for business conduct.