Review and analysis of over 6 Installment Loan complaints against BMO Harris
BMO Harris consumers have reported over 6 official complaints related to Installment loan. Out of the 6 consumer complaints against BMO Harris, 17% were disputed by the consumer (i.e. the consumer was not happy with how BMO Harris responded to their complaint) and 100% were processed in a timely manner. 0% of consumer complaints against BMO Harris resulted in the consumer receiving monetary compensation (e.g. money, cash reimbursement, etc.) and 33% resulted in non-monetary compensation.
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BMO Harris Consumer Loan managing the loan or lease December 19, 2016 - - -, - Consumer Financial Protection Bureau Dear Complaint Department : In - we took out a Line of Credit loan from BMO Harris Bank. In - we learned by letter that our loan was coming due in full on - -, -. We had no idea a Line of Credit loan matured with a balloon payment 15 years in the future. It was a Line of Credit! We always made our loan payment of approximately $90.00 per month on time and never late. Around three years ago, we started increasing our monthly payment to $150.00 per month. This allowed us to pay on the principle and pay off the loan quicker. ... |
BMO Harris Consumer loan managing the loan or lease June 23, 2015 - In -/-/-, we took out a land loan from M & I bank for $42000.00 at an interest rate of 8.5 % for - yrs. This complaint was previously filed as case # -. I am attaching a copy of our statement to show that after paying this loan for 8 years, we have decreased our principle only by $4800.00. So far, YTD, we have decreased our principle by $180.00 ( this is through -/-/- ). We spoke with - - ( BMO Acct Mg ), and he wanted us to apply for a new loan, pay the fees and the appraisal, but then he could not guarantee us that they would do the loan or what the interest rate ... |