Citifinancial Mortgage
Ripoff cheats converted us from a conventional to daily interest loan without notification

My wife and I started out with a conventional loan at Ford financial. Ford sold our loan to Associates and it ended up at Citifinancial. I know it was a conventioanl loan because like most conventional loans you have a 15 day grace period before the payment is considered late.

After Citifinacial started serviceing our loan we were told that by Citifincial Mortgage that we had a daily interest rate loan where if you are late one day, they start adding interest and penalties. As a result, we were ripped off when Citifinacial kept rolling our payments over to pay for interest fro the previous. As a result, when we finally got out from underneath Citifinacial, we owed $114K on an original loan amount of $97K. We feel completely ripped off and taken advantage of by this huge monster corporation.

We have hired an attorney and filed a suit but he is getting the run around from the Citifinancial attorney. Has anyone had this happen with Citifinancial changing the type of loan they originally had at Citifinacial's discretion??

Company: Citifinancial Mortgage
Country: USA
State: Texas
City: Irving
Address: 3232 West Royal Lane

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