HSBC plans to close Household Financi...

HSBC plans to close Household Financial, Beneficial consumer lo...

There are 58 comments on the Chicago Tribune story from Mar 2, 2009, titled HSBC plans to close Household Financial, Beneficial consumer lo.... In it, Chicago Tribune reports that:

Six years after Prospect Heights-based Household International was acquired for $14 billion, its British owners Monday said the deal, in hindsight, was a mistake and the unit will be closed.

Join the discussion below, or Read more at Chicago Tribune.

First Prev
of 3
Next Last

Antioch, TN

#41 Sep 4, 2009
Now they send me another bill for $275 on a penny... trying to call it unpaid interest. I really feel so bad for the folks that took out a mortgage with Beneficial. Just in the future, I would buy an automobile from a company called "Lemon Automotive" before I used HSBC again.
NWO is coming

Wheeling, IL

#42 Sep 8, 2009
This is it boys and girls, this ship is going down. Do you have your life preserver? Do you have what you will need to survive? There will be a real estate market meltdown, the dollar will collapse... War Room: 2014 Financial Meltdown - Banks Nationalized - Unemployment 25%-World currency, world constitution, one world Government, one world religion. We are going there as fast as the present powers can get the papers stamped and pushed past a stupidly unconcerned public. The Bible says people will have itching ears appointing leaders who will say what they want to hear. we trade the truth for a comfortable lie. who cares? Perhaps what has been said, the Illuminati holds the key, even the presidents, present and past, have been and are patsies. They don't want the U.S. anymore, they want a one world gov't, so we shall be undermined, get the Amero for a few years until we are merged with the EU.
Glen Beck says what Obama is doing to our children is immoral, Americans have been killing their children for years. If you don't love children, can you trust that person to do anything right?
The beginning of the end.

Des Moines, IA

#43 Sep 19, 2009
I have to say that 99% of the people I've dealt with at Beneficial were very helpful. I've only ran into 2 that were complete butt holes. No, I don't have good credit but I knew that I knew that I knew, that I shouldn't take this loan out with Beneficial but I did it anyway and now I'm paying for it. I feel for those that worked at Beneficial and have now lost their jobs and I pray something comes along for you really soon.

Jamaica, NY

#44 Nov 13, 2009
I feel sorry for the employees who have lost their jobs. But let's face it the more loans they sold, the more money they made. They too we're motivated by greed. Well you chose to work in your industry and profit from people whose back was up against the wall. Now that you're unemployed and your back is up against the wall, I hope your creditors would work with you. Oh yeah, they won't!!!!! They do not care about you, they are predators making huge profits off less fortunate. So stop feeling sorry for companies that pose as though they were providing some sort of community service. They were not, they just wanted a license to bleed you more.!! Wish all the good people the best!! Those who fall on bad times, you are now in the high risk category. You will be taken advantage of as you have taken advantage of others. I am so happy this company has closed. The practice of predatory lending needs to be stopped. We need to get back to our old fashion values.. Needs vs wants. What % of your salary goes to living expenses. 50% of net for rent, 25% of net for utilities, etc. This leaves you 25% for raising your children, buying cars so you can get to work, and maybe once in a while we lime to eat. Yet these predators are helping us, yes they are!!! They want us to live in debt to them so we never stop working to keep them in their lifestyles. It's all about them, no community service! Wake up people, now they are I trouble because their bad practices are catching up win them. Hopefully a majority will feel the pain of what many others have felt.
carlos c

Pearblossom, CA

#45 Jan 28, 2010
They give loans to people that cant afford them at a 29%apr and them when they stop paying on the loan. They hire crooks like man braken to come after you. Learn to leave with in your means.

Delhi, India

#46 Feb 16, 2010
Want to know the working conditions of HSBC Employees in India, Some complaints from workers

Delhi, India

#47 Feb 16, 2010
Complaints from HSBC workers from India. How are the workers behaved in Branches

Molesey, UK

#48 Mar 25, 2010
Reguardless of what everyone's opinion here is, this one is mine, for those who worked for benficial finance then fair enough, you worked as hard as you and i and i can feel that you may stil have certain loyalties but the fact is, reguardless of the circumstance, they have closed and left you all out to dry so if you are gonna make a judgment against the people who take out a loan and complain then maybe you should look in the mirror. Yes i do understand some people are greedy and take take take and dont think about the consequence. Im a customer of beneficial and i have a loan to pay but i couldn't go to my bank and i had a good credit rating, a very good one in fact, but my age was my downfall other than that my bills were always payed on time, if not then early, i never made more than 1 application a year and yet when i really needed the money to buy my first car it was my bank who let me down so yes i turned to beneficial finance for help, but just becuase someone helps you doesnt always mean they dont want somthing in return and the only problem i had with beneficial was their tactics in collecting the money. i missed 1 payment becuase i am payed on a 4 weekly salery and not a monthly salery, and in the 2 days i was waiting for my wages, i had over 20 missed calls from customer services, collections both to home and my place of work, i had admin charges, late payment fees and in just 2 days, a threat of court action so i ended up setting up a standing order so that i could pay it off early, but for 2 days how can they justify all that harrassement and the threats, it wasnt like i was gonna leave the country, i have a family to support after all.

Hubert, NC

#51 Oct 1, 2010
You people are on crack! Most of the jobs held at Beneficial are in Pakistan or somewhere like that. They are a terrible company with terrible customer service. Trying ti get support from them is like a circular reference in a spreadsheet. it keeps going round and round, and you never get an answer. They suck.
Pissed Off

Brampton, Canada

#53 Jan 10, 2011
My husband and i ran into trouble back in 2006 and consolidated some bills through hsbc.
Everything was going great and i lost my job so we fell behind on payments.
We decided due to the economic durntown we would sell our house and get out of debt and pay off our loans etc.
We thought we would get about 12,000 out of the house after we had paid everything off.
HSBC charged us $10,000 in interest because we were getting rid of them early the COCKSUCKERS!
There goes any equity we had in our home and any dreams of saving for retirement property
Thanks you assholes i hope that karma bites you in the back end one day and you will be on the receiving end just like we are.
Stay FAR AWAY from these crooks!

Myrtle Beach, SC

#57 Aug 13, 2012
I managed with HFC from 1974 to 1981. Company had 2300 offices. Great to work for but in 1980 closed 600 branches. I left and managed with the Associated. Greed took down HFC with Gary Gilmore in the Presidents seat

Edenton, NC

#61 Dec 12, 2012
Confused wrote:
Excuse me? Who held the gun to the consumer's head to make them sign the papers? Have you ever heard of reading what you are signing? I have never had a loan that when making my payments on time I owed more the the agreement stated. How about consumer responsibility?
My transactions were done over the telephone so no paperwork was signed. Beneficial Finance Co. are CROOKS & THIEVES and their employees is aware of it. Some have even stated the ethics matters of the employees and the company personnel. I can't wait for the government to fine them & lawsuits be won. I hate Beneficial with a passion.

Irving, TX

#63 Jan 25, 2013
I am glad they closed. I will not lose any far as the employees you are better off remember God does not close a door unless he opens another.these people turned a $25, 000 loan into 53, 000.this loan will be with me for the rest of my life.

Renton, WA

#67 Feb 1, 2013
wow..Digger has the same arrogant smart mouth that I have found with the HFC Beneficial people I have tried to talk to....the too sad attitude. They were very misleading with the loan I took out from the beginning and when I needed to adjust the loan so that I could pay it off they would not even discuss it with me. I have paid them enough money to pay them back my original loan but still owed them more than I originally borrowed. sorry for the workers but they can blame their unemployment on a company that tried to fleece people with super high interest rates.

Flint, MI

#72 Jan 24, 2014
I worked for Beneficial for over 10 years back in the 70's, can anyone give me info on who to contact regarding my pension ?

Since: Nov 12


#76 Feb 25, 2014
nice thread. thanks for sharing that information. it was very informative.
[url= m/credit-education/credit-topi cs/credit-repair-help.asp]Cred it Repair Help[/url]
Bakersfield cowboy

Tucson, AZ

#78 Aug 1, 2014
I worked at HFC in LA, Bakersfield and Merced in the mid 70's; it wasn't a bad co to work for but a lot of pressure to either loan money out like crazy or collect it back from the people you never should have loaned to. When they sold out to the chinamen, that was the death knell. It was a great training ground for dealing with people and our employees were the best trained in the business. Today every single national finance co is closed; Avco, CIT, Pacific Finance, SIC, Security Pacific Finance co, Fireside thrift --- what a shame to see the whole industry shut down; but credit cards did it; when anyone could get a 5,000 credit card in the mail, it didn't make sense to bring in tons of paperwork to hfc to have them think about whether or not to make you a 5k loan. I had a lot of great people on the books in Watts, Bakersfield and Merced, CA and 98% or better paid extremely well. It was a good experience but time to move on.

Ormond Beach, FL

#80 Aug 3, 2014
debbie wrote:
I worked for Beneficial for over 10 years back in the 70's, can anyone give me info on who to contact regarding my pension ?
Debbie, I did too. Did you find out anything? Thanks Bill

Tell me when this thread is updated:

Subscribe Now Add to my Tracker
First Prev
of 3
Next Last

Add your comments below

Characters left: 4000

Please note by submitting this form you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.

Mount Prospect Discussions

Title Updated Last By Comments
News Northbrook considers legal options for potentia... Apr 21 Lowest of them All 8
Deadline Announced for Appealing Your Property ... Apr 12 Innovaxis Marketing 1
We use to hold company MTG's in Deerfield Apr 12 CEO 1
baldwin town board members (Aug '14) Apr 11 jeans lounge 3
Spend your money somewhere ELSE:BOYCOTT DEERFIELD Apr 11 G F N 5
News Endorsement: Quigley for the Democrats in Congr... Apr 10 mad italian 5
George Street "Wife" (Jun '17) Jun '17 Louis 2

Mount Prospect Jobs

Personal Finance

Mount Prospect Mortgages