- Report: #134012
Complaint Review: Household Finance Corporation - Burlington Massachusetts
-
Author Confirmed
Why?
Household Finance Corporation
10 Wall St Burlington, Massachusetts, U.S.A.
Web:
N/A
Categories:
Business Rating:
(0)
Tell us has your experience with this business or person been good?
Household Finance Corporation ripoff Burlington Massachusetts
we obtained a second mortgage with household finance in 2000 after my father died suddenly and we had to pay for the funeral.
household used the death as a way of preying on us, we had a 12 plus intrest loan, and rolled in credit card debt. they over evaluated my houses value, and never obtained a value from a legitamite person.
every bad business practice was used by them, and there home corp in illinois.
I wound up almost losing my home to these people and have fought the last 4 years to bring down the interest rate. we have it down to 10 percent only after having to file chapter 7. thank god we still have our house.
please don't trust anything they tell you, they have preyed on people and have caused lots of heartache for my family as well as my financial life.
Darlene
billerica, Massachusetts
U.S.A.
household used the death as a way of preying on us, we had a 12 plus intrest loan, and rolled in credit card debt. they over evaluated my houses value, and never obtained a value from a legitamite person.
every bad business practice was used by them, and there home corp in illinois.
I wound up almost losing my home to these people and have fought the last 4 years to bring down the interest rate. we have it down to 10 percent only after having to file chapter 7. thank god we still have our house.
please don't trust anything they tell you, they have preyed on people and have caused lots of heartache for my family as well as my financial life.
Darlene
billerica, Massachusetts
U.S.A.
1 Updates & Rebuttals
Jay
Dracut,Massachusetts,
U.S.A.
Stay far away from Household
#2UPDATE EX-employee responds
Mon, August 22, 2005
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
