Beneficial Finance - Dead company?

rosssanderson

I have been told that beneficial finance had been closed down by their parent company hsbc. Is this true? and if so is their a legal way i can get out of this loan with what i consider to be a dead company?

Im not very knowledgeable on these matters, any help greatly appreciated.:)

fozmcfc

I believe they have closed that part of their business and no you can't just get out of paying what you owe, because they have decided to close that part of the business.

Is there a particular reason why you think you shouldn't payback the money you have borrowed.

It will either have been sold to another company or HSBC will just keep it in house.

Apples2

You have to admire the sheer audacity of some people...

eschaton

Apples2 wrote: »

You have to admire the sheer audacity of some people...

Nothing would ever surprise you on here.....

NeverEnough

Although Beneficial Finance no longer issues credit cards or offers loans, they are owned by HSBC who send out regular statements and collect all monies due.........so no, they haven't vanished, and you still owe whatever you owe them, and will still have to pay it........how did you think the debt suddenly evaporated??

~Brock~

Far from having a loan with a dead company, you are actually a customer of one of the worlds biggest financial institutions, which for the purposes of you asking the question I find amusingly ironic. :beer: