It is unfortunate that folks do have to pay a maximum penalty fee of $dollars if they pay off a US Bank loan note within yearsOne wonders why someone takes a loan out for or more years, but then decides to pay the loan off within two weeksof taking it out? Why not just
wait the two weeks to buy the boat? Obviously though, you'll still save way more in interest costs, then the $penalty, if you pay the loan off so soon after you took it outThe interest for the loan over the next three years, will far exceed the possible (The bank states this is the maximum penalty fee), $early payoff chargeGil always discloses the early payoff clause, even pointing out on the loan note where it is stated, which is right under the interest percentage, number of payments, and monthly paymentThough it is possible he forgot to tell you this time, there is NO WAY he told you there wasn't an early payoffNo one is perfect, but I think all of the reviews on Gil from all of his other customers, speak for themselvesWe are very sorry that these folks feel that Gil misrepresented the loan note, but we think this may be just an unfortunate misunderstandingMark P***
It is unfortunate that folks do have to pay a maximum penalty fee of $dollars if they pay off a US Bank loan note within yearsOne wonders why someone takes a loan out for or more years, but then decides to pay the loan off within two weeksof taking it out? Why not just
wait the two weeks to buy the boat? Obviously though, you'll still save way more in interest costs, then the $penalty, if you pay the loan off so soon after you took it outThe interest for the loan over the next three years, will far exceed the possible (The bank states this is the maximum penalty fee), $early payoff chargeGil always discloses the early payoff clause, even pointing out on the loan note where it is stated, which is right under the interest percentage, number of payments, and monthly paymentThough it is possible he forgot to tell you this time, there is NO WAY he told you there wasn't an early payoffNo one is perfect, but I think all of the reviews on Gil from all of his other customers, speak for themselvesWe are very sorry that these folks feel that Gil misrepresented the loan note, but we think this may be just an unfortunate misunderstandingMark P***