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Report: #1173916

Complaint Review: Selene Finance LP - Houston Texas

  • Submitted:
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  • Reported By: Teressa — Covington Georgia
  • Author Not Confirmed What's this?
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  • Selene Finance LP 9990 Richmond Ave., Suit 400 Houston, Texas USA

Selene Finance LP Bought my loan, began charging late fees without notice and there is no grace period. Exactly on the first, even though payday doesn't always fall on the first; otherwise, late fees. Houston Texas

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 Bank of America sold my loan to Selene Finance. Bank of America said I was with them through August 01, 2014; so I submitted payment. On August 29th, I received a letter from Selene Finance LP, stating they hadn't received my payment due on the first of August and I was being charged a late fee of $49.00. They also said my credit would be tarnished. That was the first notification of anything about my loan with Selene.

The 1st does not always fall on payday, Selene Finance does not allow a grace period of by the 12th or 16th. If it is not in by the 1st, another late fee applies. I know have another late fee because payday isn't until Friday. I live pay check to pay check and I have always paid my mortgage payment.

This isn't right and there should be a grace period of 30 days if a loan is sold between companies. The bad thing is the consumer gets caught in the middle of an overnight sale.

 

This report was posted on Ripoff Report on 09/02/2014 01:10 PM and is a permanent record located here: https://www.ripoffreport.com/reports/selene-finance-lp/houston-texas-77042/selene-finance-lp-bought-my-loan-began-charging-late-fees-without-notice-and-there-is-no-1173916. 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. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content

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