Miscalculation of Interest/Misallocation of Payments

Most consumers who have taken out a mortgage loan or other type of installment loan know that it can be hard to pay down the principal during the first few years of the loan when the principal balance is highest.

Unfortunately, some consumers have reported that lenders are making it even more difficult to pay down their loans by miscalculating their interest rate or by failing to apply their payments properly.

If this has happened to you, please contact us to take action. We are currently investigating the payment practices of several banks and loan servicers.