About six months ago i made a lump sum payment of 3800.00 dollars to crescent bank and trust. They said not to make any payments to them untill december. I called and asked about my pay-off. My principle was 7500.00. But with interest my payoff was 8700.00 dollars. The minute that they recieved the lumpsum payment, i started paying 9 to 11 dollars a day in interest charges, finally winding down to 4 dollars and 34 cents a day. I always thought that if i had paid ahead that interest charges were dropped. I cant believe that this is a fair business practice. I do think i have been ripped off by crescent bank and trust.
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