Complaint / Review
Hfc
Household Finance, HSBC, Beneficial HFC ruins good consumers credit score even when she paid on time every time

I had a good credit score until recently when HFC decided to drop the credit limit down to what I currently owe. I have always payed above the minimum and paid on time and now I have had my credit score drop by more than 30 points all because HFC took away the available credit line, making it look as if I am at my maximum high credit which impacts the credit score immensely.

I have been told that other credit companies are doing the same but none of my other creditors have done this to me and I had just made a 3000.00 payment to HFC which should have made me an excellent risk, but instead I was punished by being a good consumer.

I intend to pay off this account and will never do business with this company again! Don't be caught in their poor business practices and let them tear apart your hard earned credit scores!!