BB&T Financial Consumer Loan Complaint

BB&T Financial Consumer Loan department,

Installment loan Managing the loan or lease Virginia

I have - 5 year notes with BB & T that is due in - -. The notes are for property that I purchased where I run my business, a software development company. The loans are not only secured by the property but by my personal assets. Under the terms of the contracts, 1 ) I was to supply BB & T with my personal and financial returns every year within the first 90 days of the year and - ) Maintain a corporate debt to income ratio of less than -. -/-/-, I was informed by the Asset Recovery Division of BB & T, that I was in default of my loan for the above - provisions. This was even though I was never late on a payment! I explained that BB & T did receive my financials returns, not within the first 90 days of the year, as our CPA filed late that year ( we filed for an extension. ) But they did receive the financial returns -/-/-. With regards to the debt to income ratio, we reduced this -/-/- after a stellar year. The bank 's response was " If I can pre-pay


refinance the note with another lending agency in - -. In -/-/-, BB & T started adding additional fees to my note. They added the following fees : 1 ) $1000.00 fee for - appraisal fees - why they would want to have the properties appraised considering my stance regarding refinance is unexplainable. There is a provision in the contract that states if an appraisal is necessary I would be responsible for that fee. Again, why would an appraisal fee be necessary if I clearly stated I would not rein finance with them? 2 ) $3500.00 ( approximately ) in attorney fees. One letter I received from their attorney stated that BB & T 's position is that they will not refinance their note in - -. I asked why I have to pay for their attorney fees and their response is that I am, in -/-/-, still in default of the provisions of the contract. My position is 1 ) I am no longer in default as of -/-/-, 2 ) the fees added were all assessed in -/-/-. Since BB & T just added these fees to my current notes,, and since I disputed these fees, my loans now show as late. I have never been late for any payment. I maintain a - that is 26 years old.