Synchrony Bank Consumer Loan Complaint

Installment loan Managing the loan or lease managing the loan or lease

Synchrony Bank Consumer Loan department,

Installment loan Managing the loan or lease Managing the loan or lease California

I have been regularly paying my Synchrony Bank bill. The account balance at the last statement was $840.00. I went to pay today and I have $3400.00 in interest charged this month. They told me the 0 % interest came due on -/-/15 and if I do n't pay the $840.00 off, I will then be required to pay this extraordinary amount of interest. I had no idea this would happen and am at a loss. Is this legal?

Synchrony Bank customer in California
Nov 16, 2015

* Source: CFPB Complaint Database

Synchrony Bank response to complaint:
Closed with monetary relief

Created with Highcharts 4.2.3Synchrony BankComplaint HistoryComplaints9/201510/201511/201512/20150246810Source: Consumer Financial Protection Bureau
Created with Highcharts 4.2.3Synchrony BankManaging the loan or lease45.0%50.0%5.0%Closed with explanationClosed with monetary reliefClosed with non-monetary reliefSource: Consumer Financial Protection Bureau
Created with Highcharts 4.2.3National AverageManaging the loan or lease0.3%8.4%1.4%0.5%1.9%9.2%76.9%1.4%Untimely responseClosed with non-monetary reliefClosed without reliefClosed with reliefClosedClosed with monetary reliefClosed with explanationIn progressSource: Consumer Financial Protection Bureau

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