Benificial Finance Complaint - Loan Sharks
BUFFALO, NEW YORK -- We had to refinance our home. Our credit was good but or income was erratic. Benificial refinanced our home at 10.329% with a promise to refinance in 6 months at a lower rate. Our payments were $1800.00 a month. This is a $158000.00 home. When I tried to refinance in 6 months, I was told it must suck to be you.
After a year of struggling we could no longer make payments. I hired a lawyer to modify the loan. Benificial gave us a 6 month reduction, that was to be perment after the 6 months. We made our payments and they told us that it was not valid. Now I have a broker trying to help modify the loan. our home apprased for $30,000 less than we owe. Benificial said they have not received the release signed by us to authhorize the broker to speak to them. Benificial has done every thing they can to destroy us financially. I can't sell my home, I can't make the payments. We have solid income. Which does us no good, as our credit is now below 600. I feel like no one is listening. Benificial is a preditory leander. Every one in America needs to know this.