M&T Bank Corporation Consumer Loan Complaint

M&T Bank Corporation Consumer Loan department,

Installment loan Taking out the loan or lease New York

I had a boat loan with M & T bank and was making on time payments. I received a letter from them stating the loan had matured -/-/- and I owed a Principle balance of - and late payments of about $2700.00. They never sent me anything previously and I was making on time payments at the time payments that they were stealing them and putting towards the late payments. Because they stated I could no longer make payments, I had to pay the balance off. This caused the 60 delinquency which shows on my credit report for -/-/- and -/-/-. Further, they refused to let me pay off the principle of $820.00, stating they would take nothing but the full amount, principle and late fee, which I had disputed several times and do not agree with. They forced me to make a deal to pay off the principle and half the late fee or else they would continue to report this as delinquent every month. Again, I was making on time payments and have no idea how they could say the loan matured and force me to pay not only the principle but late fees I do not believe I owe.Please find the bill they sent me -/-/- which only had the principle on it and find the release which is dated in -/-/-, but they state I made no payment that month even though I paid them $2100.00, much of it that I do not feel I owed. I only paid it because they threatened me with continuing late payment charges, late payment reporting to the credit bureaus and then repossessing the boat. All threats they made to me and told me my only option was to settle the account.