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Go Back   Law Forums at Onlypunjab.com > BANKRUPTCY AND CONSUMER CREDIT > Personal Banking & Credit Cards

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  #1  
Old 05-24-2007, 06:33 AM
slovaski slovaski is offline
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Default bank's mistake-a legal case?

Hello everyone,
My bank made a big mistake while calculating my mortgage payment. Since last year, they paid only the interest on my mortgage without my knowledge. They took $411 for an year and my principle owed remained unchanged. Now they refuse to refund the amount to me. Do I have a legal case? Can I sue them?
Thank You.
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Old 05-24-2007, 06:36 AM
trey trey is offline
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Thank you for your thread slovaski... needadvice will reply to your queries soon.
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Old 05-24-2007, 07:41 AM
needadvice needadvice is offline
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Default Re: bank's mistake-a legal case?

I guess you do not have a valid claim, since the bank erred in not collecting principal payments for an year does not mean you get out of paying interest on the whole loan during that time. Not sure but you could may be get a credit for the interest on the principal payments you should have made.
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