Latest reviews about Beneficial Finance

mregel says "will work in a pinch" about Beneficial Finance

mregel — Fri, 31 Jul 2009 07:08:05 GMT

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 going on a personal level and always let me know that they were there if I needed help. I missed a payment one time and my loan officer called after several days of being late, because it was unusual for me, and asked if everything was ok, when i explained that i just did not have the money to pay the full amount he said if you can just bring in the interest amount and you can catch up later. ...

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sb1716 says "I was given a good interest program & have stuck to my loan even" about Beneficial Finance

sb1716 — Wed, 26 Nov 2008 12:04:20 GMT

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 with this one. The last time they tried was this summer as they explained they don't have many of these loans left. They were trying to get me to go with a goverment loan such as Fannie May. I figure they were doing their job as they were told to do but I still have my same loan as I like this one. Now I am also past their accuring interest thing as my payment is now over what the inyerest,...

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cendym says "The home equity loan was great but had a high interest rate." about Beneficial Finance

cendym — Sat, 15 Nov 2008 02:38:43 GMT

I have previously used Benefical for a second mortage company. Working with them was great at the time, but after they were paid off and I wanted to borrow again for a different reason they just could not seem to be able to lend me the funds needed. I was never late on my account with them and a 15 year loan was paid off in 2 years. I just could not understand their way of thinking. Bneficial is a fairly good company to work with but beware of the higher interest rates that come with their loans....

AnnaBanana says "They saved my life but ..." about Beneficial Finance

AnnaBanana — Sat, 08 Nov 2008 00:12:39 GMT

My feelings about Beneficial are complicated because my situation was complicated when I first met them, back when I was mired down in credit card debt. I'm not a compulsive shopper -- nor even much of a shopper at all -- but when I first moved into my condo years ago I wasn't making much and had scraped the bottom of the barrel just to move in. Furnishing my place took credit cards and I wasn't able to make anything but the minimum payments for a while as the interest began to rack up. No matter how I scrimped or tried over the years that followed, I kept falling behind. In spite of this, I had kept up with my mortgage payments faithfully and my home had gone up dramatically in value so it was my equity that saved me from a desperate situation.

Enter, Beneficial

One day I received in the mail -- along with the usual bills and other stuff I didn't really want to look at -- a check for $7,000 from Beneficial and a promotional mailer explaining that all I had to do was cash and...

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Sagibranch says "Tricksters at best" about Beneficial Finance

Sagibranch — Fri, 31 Oct 2008 00:00:11 GMT

I am trying to refinance my house & one of the places my information was sent was Beneficial. I had agreed to meet with the representative who contacted me from the Bremerton, WA store but in the meatime I got this "good faith estimate" in the mail. It showed a higher interest rate & payment than I have now. When I spoke with Chris today he tells me that he can't help me. So I ask what the sheet was that was mailed to me was about if I wasn't going to get a loan. He says it's a good faith estimate. I say yeah but if it doesn't mean anything then you shouldn't send it. He says he didn't appreciate my attitude. I told him I'm not giving you attitude I'm telling you if these things don't mean anything you shouldn't send them. So he says yes you are giving me attitude. At this point I hung up.

Also the gal who answers the phones was a bit snippy as well. I don't like these people, I don't like the way I was treated though I must admit Chris was very nice when he was promising......

amortgageangel says "Beneficial has unfair lending practices" about Beneficial Finance

amortgageangel — Wed, 28 Nov 2007 23:53:34 GMT

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!

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kellybear says "Run fast and run far. They are the WORST lender around." about Beneficial Finance

kellybear — Wed, 21 Nov 2007 04:42:44 GMT

My house is currently being foreclosed on by Beneficial. They don't want to hear about hard times and don't want to assist in any way. Full of promises and lies. They make you think that "they are there for you" when in truth, they are there long enough for you to sign paperwork and then all the calls come from India....