Synchrony Bank Consumer Loan Complaint

Synchrony Bank Consumer Loan department,

Vehicle loan Managing the loan or lease Managing the loan or lease Texas

In - I financed a motorcycle loan with GE Money Bank, SYNCB/- out of -, SD -. During the 6 years that the loan was in place I was late only - time which was due to an error on my part and this took place in - of -. Since that time I had made special effort to pay all of my loan payments on time even paying more then the required amount with the intent of paying off the loan early. I even called in to determine the payoff if the loan was paid off early and was informed that the type of loan that I had it would not benefit me to pay it off early as there would be no cost savings or amount refunded to me for paying the loan off early. I was never notified that the loan matured prior to the monthly payments running out and that the total amount would be due in - of -. I was under the assumption that I would still have monthly payments and as long as I paid on time and the amount due all was good.


normal due date that some month but because it was not for the total amount due I was delinquent and past due. Even though I was surprised to hear this I immediately sent out a check for the total remaining balance ( $980.00 ) on my account. Please consider this a formal complaint on the basis of Predatory Lending tactics and I would like to formally request that this derogatory record be removed from my credit file and history. Sincerely, - - -