- Report: #2975
Complaint Review: Beneficial Finance - San Mateo California
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Author Not Confirmed
Why?
Beneficial Finance
401 South B Street San Mateo, California, U.S.A.
Phone:
650 342 6822
Web:
N/A
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Business Rating:
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Tell us has your experience with this business or person been good?
They are the most crooked finance company on the face of the earth!
I am paying over 16% on finance charges on a second mortgage I have with them. I am trying to consolidate both my loans so that I can reduce my mortage and the interest I am paying, as well as obtain additional cash from my equity. When I called to obtain a payoff ammount and obtain information on what the prepayment penalty would be, they told me that I had to pay for the information an additional 60.00.
I am paying over 16% on finance charges on a second mortgage I have with them. I am trying to consolidate both my loans so that I can reduce my mortage and the interest I am paying, as well as obtain additional cash from my equity. When I called to obtain a payoff ammount and obtain information on what the prepayment penalty would be, they told me that I had to pay for the information an additional 60.00.
7 Updates & Rebuttals
Clemens
Las Vegas,Nevada,
U.S.A.
DON DON
#2Consumer Comment
Wed, January 31, 2007
I never had to pay money for a payoff report from Beneficial. Don is such a piece of s**+* Is he that bored to be on rip off report replying to these posts? If you ever visit Nevada Don look me up
Clemens
Las Vegas,Nevada,
U.S.A.
DON DON
#3Consumer Comment
Wed, January 31, 2007
I never had to pay money for a payoff report from Beneficial. Don is such a piece of s**+* Is he that bored to be on rip off report replying to these posts? If you ever visit Nevada Don look me up
Clemens
Las Vegas,Nevada,
U.S.A.
DON DON
#4Consumer Comment
Wed, January 31, 2007
I never had to pay money for a payoff report from Beneficial. Don is such a piece of s**+* Is he that bored to be on rip off report replying to these posts? If you ever visit Nevada Don look me up
Clemens
Las Vegas,Nevada,
U.S.A.
DON DON
#5Consumer Comment
Wed, January 31, 2007
I never had to pay money for a payoff report from Beneficial. Don is such a piece of s**+* Is he that bored to be on rip off report replying to these posts? If you ever visit Nevada Don look me up
Steve
Bradenton,Florida,
U.S.A.
Laurie, Don is 100% correct..
#6Consumer Comment
Sat, February 11, 2006
I have been in the Mortgage Lending business and can tell you that there is absolutely a reason the OP went to Beneficial. Don was just being direct and calling a spade a spade. Nobody forced the OP to do business with Beneficial for 16% interest. AND...FYI...Interest rates on mortgages vary only slightly from state to state as they are based on the FEDERAL prime rate, as well as the credit score and debt to income ratio of the borrower, and LTV ratio on the property. Why is it that people sign a bad deal, and then come on here and complain about it? People like this ripped themselves off! Unbelievable.
Laurie
Pittsburg,California,
U.S.A.
TO DON
#7Consumer Comment
Wed, February 08, 2006
DON MUST BE ONE OF THOSE THAT TAKES ADVANTAGE OF FOLKS LIKE THE ONE WHO WROTE THIS REPORT. FIRST OF ALL DON, YOU SHOULD NOT TALK DOWN TO SOMEONE YOU DON'T KNOW OR KNOW THEIR SITUATION..."did someone hold a gun to your head and force you to sign the contract? I didnt think so". SEOCOND OF ALL INTEREST RATES ARE DIFFERENT THROUGHOUT THE COUNTRY SO WHAT IS HIGH TO YOU IS NOT HIGH IN CALIFORNIA. YOU ARE AN IGNORANT PERSON THAT MUST BE MISERABLE IN LIFE TO GO AROUND AND PUT OTHERS DOWN..."if anyone else was willing to help you with a better deal, you probably would have taken it. My guess is lenders werent exactly beating down your door."....OH WAIT A MINUTE, YOU MUST BE ONE OF BENEFICIALS PERANAS OR SIMILARLY INTO PREDITORY LENDING. May you have a blessed day and learn kindness in your life and thoughts.
Don
Connellsville,Pennsylvania,
U.S.A.
Forced to sign?
#8UPDATE Employee
Wed, May 25, 2005
With regard to your complaint about your interest rate, did someone hold a gun to your head and force you to sign the contract? I didnt think so. I agree that 16% is high for a second mortgage, but if anyone else was willing to help you with a better deal, you probably would have taken it. My guess is lenders werent exactly beating down your door. Regarding a payoff quote or fax demand fee, this a common practice by MOST lenders, including banks, to charge a fee for processing the payoff letter.
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