I was late on my August payment because I have been extremely ill, and I just completely forgot. I have been on disability because I have Lyme disease and it is extremely dibilatating and causes me to forget my own name.
Key Bank sent me a late notice threatening to report a late pay to my credit repot, and charged me a $35.66 late fee. But, the late fee, I understood, however on my payment stubs, it states if you send a payment after the 13th of the month, it will cost $17.86 dollars more.
Does that sound wrong or what? They have it clearly listed on my payment stubbs as the late fee being exactly $17.86 more and not $35.66 more. When I first got the loan, the man who I was buying a boat from told me Key Bank was charging me 9% interest, but I found out later, they are charging me almost 11% interest.
I would recomend everyone stear very clear of Key Bank, and never even open their doors!
Thanks
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