Bank Giving High interest rate
Posted Mar 2, 2011 by anonymous | 134 views | 0 comments
I took out a business loan with First Citizens Bank in 2004...it was a line of credit, interest only at 7.1%....told to use it to keep it and renew each year. The first year of renewal, they said I had to convert to a mortgage note...same rate, 15 year amortization. I was up for renewal this year and they are charging me 14% rate and amortizing for 14 years!! I am not happy!!!
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