I was sold a pay option ARM without being fully disclosed the risks involved.in fact, the risks were minimized and misrepresented. The representative knew full well my inability to offset a large negative amortization that he did not disclose and that he minimized when he put me in the loan.
I will add details and updates once I hear from Full Spectrum Lending's complaint department, Lisa Madigan (Illinois State's Attorney) on predetory lending, Better Business Bureau and/or the Federal Trade Commission.
ANy other suggestions are welcome.
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