U.S. Bancorp Bank Account Or Service Complaint

U.S. Bancorp Bank account or service department,

Other bank product/service Making/receiving payments, sending money New York

I took out a $100000.00 boat loan from US Bank -/-/-. I have been making weekly payments on this loan of $1000.00. I believe the bank is miscalculating the interest that I owe and their deduction of interest. The interest rate on the loan is 4.12 %. -/-/- I paid - in interest -/-/- I paid - in interest -/-/- I paid - in interest -/-/- I paid - in interest -/-/- I paid - in interest In -/-/- I paid - in interest I have never missed a WEEKLY payment of $1000.00, although it takes US Bank up to 2 1/2 weeks to post my payment ( then they back date it ). As you can see, my interest payments went up -/-/-, -/-/-, then down in -/-/-, but -/-/- 's interest payment was still more than -/-/- and -/-/- As my principal goes down, so should the amount of interest I am paying. Further, on my checks it clearly says PRINCIPAL payment but they are still taking out interest ( which I would n't care, but they are doing something wrong because my interest payments should n't be going UP ... ) I called US Bank and got the run around. No one could explain to me why my interest payments are going up in certain months and why my most recent interest charge is more than what I paid -/-/-.