Stearns Bank Ripoff excessive late fees 20% takes late fees before payments St. Cloud, Minnesota

First off let me say yes I am behind in my payment, I am not denying that. But Stearns Bank N.A. has been charging late fees of 20% of my payment. I can not seem to find where they are allowed to do this, 5% is what I find to be max. I accumulated so many late fees in 5 months of running behind that they totaled a payment amount. They took a payment from me and applied it toward late fees and now say my loan is in default. I read my contract and it states that all payment shall be first applied toward deliquient installments. Had they applied this to my deliquient installment I would not be deliquient any longer. How can they get away with this. All I am tring to do is get my bills back on track.

And to top it off when originally signing the loan in FLORIDA, the contract made by Stearns Bank N.A states that I must lye and agree that I signed this contract in Stearns county MN, that the loan was executed in MN. I have never been to MN, I bought a piece of equipment from a JCB dealer in Florida and they got my loan approved through JCB Finance. i signed that papers on my kitchen counter in FLORIDA. I know why they want to sy that it was signed in MN so they can not be governed by my state, however is it legal.

K
Terryville, Connecticut
U.S.A.