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pnc mortgage

United States,
California

Consumer complaints and reviews about pnc mortgage

Farl Send email
 
Jan 17, 2018

Loan Interest Manipulation & Overcharging

Consumers must check their monthly (second) mortgage statements for excessive interest charges or interest manipulation byPNC.

We had a PNC bank mortgage for over 10 years and on three sperate occasions totaling 19 months they arbitrarily increased the rate and overcharged up to 3.5% more than our loan agreement per month. We had to file a lawsuit to simply get them to respond and provide the history of all statements. PNC claims the overcharges were a coding error and, to date, refuse to provide a full accounting of refunded fees and interest. While the truth is that it's happened multiple times on a single loan and we suspect we're not the only people that this happens to. While calculating interest pursuant to your loan agreement is the most basic function of their lender, it is something you must check with PNC. If you have experienced overcharging of interest and mishandling of a modification by PNC pleasure contact me, as we pursue a lawsuit in Federal court.

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