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Beneficial Finance

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93 complaints

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Beneficial Finance social reviews and reports. Join community by posting your own comments or complaints.

Beneficial Finance is a member of HSBC Group that is one of the leading financial services organizations in the world. Beneficial Finance is a financial services company that specializes in mortgage refinance and debt consolidation. Beneficial Finance provides mortgage loan application processing and loan servicing. The company originates, purchases and provides a diverse range of loans such as residential loans, auto loans, college loans, equity loan mortgages, and many other kinds of loans. Beneficial Finance is one of the nation's largest mortgage lenders.

In addition, Beneficial Finance produces mortgage loans through a variety of channels on a national scale.
Please try to contact Beneficial Finance Customer Service directly prior to posting any complaints on this site.

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Beneficial Finance Complaints & Reviews

Beneficial Finance Reviews

Nettibo
Beneficial Finance - House title
5.0 8- 700 -100 -453 http://www.beneficialfinance.co.uk/

In 2004 I financed a home thru Beneficial Finance. As many people did I refinanced the home to make big purchases. With the downturn in the economy I filed bankruptcy and dischar...

#315703
Apr 30, 2012
66

Badubba
Beneficial Finance - Beneficial Lied and Cheated Us
5.0 8- 700 -100 -453 http://www.beneficialfinance.co.uk/

We refinanced our home in 2005 with beneficial, for what we thought was a better interest rate. Lie number one from them. We also took out a line of credit loan, which they state...

#312598
Apr 16, 2012
201

Anonymous
Beneficial Finance - Father Dead and they Won't Close the Account
5.0 8- 700 -100 -453 http://www.beneficialfinance.co.uk/

My father (David Allen Henry-08-10-1953) died on Jan. 22, 2012 and even though he had life insurance on the accounts with Beneficial and the life insurance said they paid the money...

#306103
Mar 20, 2012
348

Anonymous
Beneficial Finance - My horror story
5.0 8- 700 -100 -453 http://www.beneficialfinance.co.uk/

I'm embarrassed to even say that I have a first and second with them nothing good is going to come out of this since they are not really willing to work with me except refer me...

#301042
Feb 29, 2012
363

Anonymous
Beneficial Finance - Beneficial HFC makes it impossible to pay them!
5.0 8- 700 -100 -453 http://www.beneficialfinance.co.uk/

Basically, Beneficial/HFC will give you a confirmation number for a online or phone payment and then claim that your bank is blocking the payment (and this will take at least a wee...

#295750
Feb 09, 2012
553

Pinkyboo77
Beneficial Finance - Beneficial will be turned into the FBI for Fraud
5.0 8- 700 -100 -453 http://www.beneficialfinance.co.uk/

I have been customer of Beneficial for at least 6 yrs plus, I have paid off my last payment to them and they refuse to cash my check. I'm upset because they are now saying tha...

#295343
Feb 07, 2012
669

Lagasscl
Beneficial Finance - HFC Beneficial what a joke!!
5.0 8- 700 -100 -453 http://www.beneficialfinance.co.uk/

In 2008 we had our mortgage refinanced by HFC. We went looking for a fixed rate as our ARM was up and the payments were very high. We received some information from HFC asking us t...

#294964
Feb 06, 2012
556

Anonymous
Beneficial Finance - Rip Off
5.0 8- 700 -100 -453 http://www.beneficialfinance.co.uk/

This is the biggest mistake that I have ever made. I thought I was taking out a consolidation loan. I had just finished nursing school in 2005 and didn't have a full time job y...

#293138
Jan 30, 2012
462

Anonymous
Beneficial Finance - Beneficial refinance or modification of my loan.
5.0 8- 700 -100 -453 http://www.beneficialfinance.co.uk/

I have been in a vicious cycle with Beneficial Mortgage company. While many mortgage companies participate in the Government programs to permanently modify loans for struggling fa...

#292983
Jan 30, 2012
600

20 comba...
Beneficial Finance - Pass or present
5.0 8- 700 -100 -453 http://www.beneficialfinance.co.uk/

To whom it may concern, If you was or at present an employee or unemployed loan manager. and or financial assistant and have information that may be helpful to me in my fore...

#291214
Jan 23, 2012
470

Anonymous
Beneficial Finance - Beneficial is a fraud and ripoffffff
5.0 8- 700 -100 -453 http://www.beneficialfinance.co.uk/

I borrowed $9 ,000.000 from beneficial 5 years ago and my balance haven't went down yet in 5 years an I call beneficial serveral times and they still say they don't give nu...

#290266
Jan 19, 2012
485

Foxman
Beneficial Finance
5.0 8- 700 -100 -453 http://www.beneficialfinance.co.uk/

This company is outrageous....i paid my loan off and it took them 10 seconds to cash my check for the payoff and now it's taking them 90 days to send me the *** deed to my pro...

#287837
Jan 10, 2012
388

Libbylee...
Beneficial Finance tacked insurances on to loans for more than 2 years
5.0 8- 700 -100 -453 http://www.beneficialfinance.co.uk/

A few years ago, my mortgage payment excellerated from 1100 a month to 1600, but varied monthly, when I called them on it they stated that they had put insurance on my home because...

#286392
Jan 04, 2012
388

Woman
Beneficial Finance - Beneficial mortgage
5.0 8- 700 -100 -453 http://www.beneficialfinance.co.uk/

Filed for hardship modification because of health issues only last six months and now they put it back up to the orginal mortgage payment. we wrote a letter and told them we could ...

#284793
Dec 29, 2011
511

Doris Ho...
Beneficial Finance - 2010 Insurance Claim
5.0 8- 700 -100 -453 http://www.beneficialfinance.co.uk/

I have been a customer with a history of paying my bills regular for nearly eight years with this company. Over a year and half ago I processed a one time insurance claim wherein I...

#283307
Dec 22, 2011
347

Anonymous
Beneficial Finance - Beneficial all so is ripping us off
5.0 8- 700 -100 -453 http://www.beneficialfinance.co.uk/

We just got a letter from Beneficial they are raising our house payments from $698.00 a month to $722.00 a month both my husband and i have loss of income due to our hours at work ...

#282812
Dec 20, 2011
366

RavenMandM
Beneficial Finance - Beneficial/HFC Fraud
5.0 8- 700 -100 -453 http://www.beneficialfinance.co.uk/

In 2008, I took out a loan for $25000. A line of credit loan. Missing no payments and being on time always, I have paid $134.00 in principal. I requested they lower the interest...

#282601
Dec 19, 2011
683

Fuzzyfuzzy
Beneficial Finance - I paid off my account and they still charging me interest
5.0 8- 700 -100 -453 http://www.beneficialfinance.co.uk/

Ipayed off my beneficial account and they r still charging me interest. i did a bank tranfer and knowning it takes 10 days to complete and they have the money just has not appied j...

#282367
Dec 18, 2011
486

20 comba...
Beneficial Finance - Lordy be people looks like someone in D.C is a wake
5.0 8- 700 -100 -453 http://www.beneficialfinance.co.uk/

Well pep,s if u have a complaint or had a complaint do to a lose in your home or losing your home to fore-closure listen up the u.s goverment has sent me a form to fill out they ...

#282145
Dec 16, 2011
558

20 comba...
Beneficial Finance - Filed 4 fore-closure
5.0 8- 700 -100 -453 http://www.beneficialfinance.co.uk/

Mortgage company files fore-closure . I file counter-suit. Mortgage petition to vacate trial. Mortgage company merges with anothere financial co re-enter,s 10 months later ...

#279563
Dec 06, 2011
445

Barkley2...
Beneficial Finance - Refuse help on modification or lower rate
5.0 8- 700 -100 -453 http://www.beneficialfinance.co.uk/

Because of beneficial refusal to provide me with a modification, refinance or lower interest rates, i am losing my home.they send bogus info.for people to seek help then refuse all...

#277431
Nov 26, 2011
496

Anonymous
Beneficial Finance - Wish to use complaints has exhibits in suit
5.0 8- 700 -100 -453 http://www.beneficialfinance.co.uk/

E-mail a short story of your complaint to mshgmh@yahoo.com so I may use it has exhibits in suit against my fore-closer further actions are to follow against HSBC/AKA Beneficial Fin...

#274872
Nov 14, 2011
484

20 comba...
Beneficial Finance - Fore-closer/and have filed counter-suit
5.0 8- 700 -100 -453 http://www.beneficialfinance.co.uk/

Lost income after my busniss of 10 years had to close do 2 housing failure and of the borrowers be my grandmother passing away.Beneficial refuzed to help me in anyway did a...

#274605
Nov 12, 2011
446

Anonymous
Beneficial Finance - To keep our payment lower because on fixed income and the fact that I have medical bills .
5.0 8- 700 -100 -453 http://www.beneficialfinance.co.uk/

We have asked them to keep our payment lower because of fixed income and I have medical bills because of no health insurance and they want to give us a hassle all the time. we have...

#272965
Nov 05, 2011
477

Anonymous
Beneficial Finance - BENEFICIAL/HSBC/HFC
5.0 8- 700 -100 -453 http://www.beneficialfinance.co.uk/

We have been having a horrendous time with Beneficial/HSBC/HFC from the day we got a mortgage through them. Whenever I couldn't get a resolution by phone, I would go up to th...

#271117
Oct 27, 2011
780

Anonymous
Beneficial Finance - HFC Beneficial
5.0 8- 700 -100 -453 http://www.beneficialfinance.co.uk/

I would be in on a class action lawsuit as well, and can be contacted at aolawc@gmail.com. My husband and I too were victims of refinances, and convincing staff members. Both of u...

#266149
Oct 05, 2011
1385

Anonymous
Beneficial Finance - Benificial-loan fraud
5.0 8- 700 -100 -453 http://www.beneficialfinance.co.uk/

I pray this company goes belly-up for all the fraud & hurt they have caused me & other people. my husband will retire next year & this home loan never went down, just up in the pas...

#265876
Oct 03, 2011
644

Anonymous
Beneficial Finance - Beneficials practices mean we owe more now years later
5.0 8- 700 -100 -453 http://www.beneficialfinance.co.uk/

Beneficial owns our second mortgage..Our first is paid off. We have been paying more than the max payment for YEARS and owe not only almost as much as we began with, but because se...

#265280
Sep 30, 2011
553

Phatzo
Beneficial Finance - Beneficial Sucks....Lies and Lies
5.0 8- 700 -100 -453 http://www.beneficialfinance.co.uk/

Lets start off by saying this is the worst banking company ever. I was tricked into refinancing my mortgage with them. i was assured 6 months from when I signed the papers that my ...

#264895
Sep 29, 2011
587

Bigiron
Beneficial Finance Is Predatory
5.0 8- 700 -100 -453 http://www.beneficialfinance.co.uk/

Beneficial signed me up automatically for insurance on my loan should I croak or become disabled. Their agent signed me up, did not even discuss it until the final papers were to b...

#258040
Aug 26, 2011
512
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Reviews 1-30 of 93

Related Information

Loans and Mortgages
Every time there is a need to borrow money person faces an option - to go to a mortgage broker or to work with a direct lender. Many people choose to work with mortgage brokers and direct lenders alike, depending on their individual situation and needs. A mortgage is a lien on a property/house that secures a loan and is paid in installments over a set period of time. The mortgage secures a person's promise that he/she will repay the borrowed money to buy a home. A person should be ready for a financial commitment that could last several decades. Mortgages come in many different shapes and sizes, each with its own advantages and disadvantages. It is vital to make sure that the right mortgage is selected, the one that is right for a person, his/her future plans, and his/her financial situation. Each borrower may choose among the following types of mortgage: fixed-rate mortgage, adjustable-rate mortgage, balloon/reset mortgage, reverse mortgage. A loan is a type of debt. A loan predetermines the redistribution of financial funds over a certain period of time, between the borrower and the lender. At first the borrower receives a certain amount of money from the lender. The borrowed sum is usually but not always paid back in regular installments, to the lender. As a rule, the service is offered at a cost, which is called an interest on the debt. Under the terms of the loan, a borrower may be subject to certain restrictions - loan covenants. Loans are offered by all the financial institutions, like banks and financial services companies.

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