Beneficial Finance Reviews

My latest experience with Beneficial reminded me why I don't like them. A client of mine has an error on her credit report. She was working with them to get it fixed. We called them together in my office, came to a satisfactory solution for both parties, and when she called back with her part of the deal they acted like they had never spoken to her.  It's a mess.  And it's making her life miserable!  Definitely not a good experience!

Beneficial has helped me out alot over the years.  Their interest rates are high, but when I needed money the most they were there to help me out, and I do not have good credit.  I have had 2 personal loans with them and now currently have a loan on a piece of property that I bought.  As long as I kept my payments up I usually had the opportunity about once a year to skip a payment.   Even if I was a few days late with my payments they would report to the credit bureaus that I was up to date, which kept my score up.  My loan officer would call every couple of months and see how things were...

About eight years ago I refinanced with Beneficial with the deal with each year of on time payments my interest rate would lower.  Since the branch was in our town I always dropped the payment off so when they closed that office I had to start mailing it & then they wouldn't always get it on time.  Late payment was excused when I started having them take it out of my account every week.  Weekly payments cut down on the duration of the loan & interest.  Which was the reason that was set up in the begining.  Although they have tried to get me to refinance with different programs I have stuck...