I had an adjustable rate mortgage for which the full principal and interest payment was automatically withdrawn from my account monthly. After 3 years, when the rate adjusted, without warning, they changed the repayment option I was in to the "minimum payment" which didn't even pay the full interest amount. Without realizing it, despite my monthly payment having increased by 50%, I was in a negative amortization situation—the amount of principal owed was getting LARGER each month. Fraud!
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