- Report: #430197
Report - Rebuttal - Arbitrate
Complaint Review: Mercantile Bank Of West Michigan
Mercantile Bank Of West Michigan5610 Byron Center Ave. Wyoming, Michigan U.S.A.
Mercantile Bank Of West Michigan Paid loan off two years early and bank took me to court for missing payment when laid off a year earlier. Wyoming Michigan
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I called the bank and told them of my current status and they were very helpful as were all my other loan holders including GMAC, HFC, and Chase. They all told me to keep in touch and let them all know what was going on. Which I did religously.
I got a new job in the fall of 2007 and started making payments and in Feb. of 2008 I paid the loan off two years early.
I receive a letter in the mail stating the mercantile was taking me to court because of the missing payments even though I paid them and the late fees plus I paid the loan off two years early.
Once in court I tell my story to the judge and he rules in my favor. I won--the judge asked the lawyer why Mercantile would waste money taking me to court for such a small loan--he speaks but says nothing. The greedy lawyer working for Mercantile, Curtis Rypma, appeals and wins.
Why was Mercantile the only lender to do this to me? A RV which cost me 6000 dolllars now cost me another 3600 in court cost.
I think there is a lot of corruption on Mercantile's part and the lawyers part in this scam. They used the contract out of context to to receive easy money, money they strongarmed from me.
None of the other lenders did this to me, only Mercantile.
Avoid Mercantile Banks at all cost.
This report was posted on Ripoff Report on 03/03/2009 06:40 AM and is a permanent record located here: http://www.ripoffreport.com/r/Mercantile-Bank-Of-West-Michigan/Wyoming-Michigan-49519/Mercantile-Bank-Of-West-Michigan-Paid-loan-off-two-years-early-and-bank-took-me-to-court-f-430197. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.
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