My husband took out a truck loan through sovereign bank, asked 4 yrs. Ago for date to be changed from the 19th to the 1st of the mos since he gets paid once a mos. Being he's a foreman ta a foundry. They charged him a small ten dollar fee which he paid. He calls for a payoff since he's nearing his 5yr. Loan mark and they tell him he owe an extra 904.00 dollars since he failed to send in 74.00 interest charge that they sent him a letter about in in which we never received. It was never even sent registered or certified mail so we could sign for it. Why would we let 74.00 dollars turn into 904.00 if we new that? My husband has perfect credit, pays everything right away.
0000000000000 it's a blatent bank scam and ripoff and they are refusing to even hear about it or come to some kind of agreement. What poor banking business is this? Horrible, i would never ever deal with sovereign bank again and i hope no one else gets ripped off by them either. Do your selves a favor, stay away from them. Thank you for listening to me.
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