Bank Charges Loan Interest During Extension Period Despite Written Promise of No Accrual
USAA charged approximately $41,000 in interest over 6.5 years on a $75,000 RV loan during an extension period, contradicting their explicit written commitment that no interest would accrue. After 78 payments totaling $53,000, the balance had only decreased by $12,000. The consumer is a 100% service-connected disabled veteran on fixed VA income with no recourse against the written promise violation.
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