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Re: TCF Bank -Burr Ridge-Collections Dept
Posted by Mike S. on 9/22/08
On 9/20/08, -- wrote:
> On 9/20/08, Gary wrote:
>> On 9/06/05, MDS wrote:
>>> Seeking those with experiences of TCF National Bank Burr
>>> Ridge collection department. Especially those with
>>> knowledge of them refusing to accept payments to create
>>> crisis, wrongful threats of foreclosure, egrious violations
>>> of EOCA/FDCOA/Illinois Foreclosure Act, etc, and physical
>>> threats to itimidate.
>>>
>>> Current and previous clients, as well as TCF current or
>>> former employees with such knowledge should email to allow
>>> their story to have a "day in court."
>>
>> I found this thread when I was trying to google TCF
>> Foreclosure policy. I made the mistake of refinancing with
>> TCF lured in by their "no closing cost" refinances. I am in
>> sales and can't always pay by the due date- the 11th of
>> every month. Their collectors are very aggressive and call
>> immediately if you are past paying the due date. I was
>> never more over 30 days late and I paid all of the late
>> fees. I paid one day over the 15 day "grace" period and I
>> received a default "acceleration letter" in the mail They
>> indicated they would stop accepting payments. I would like
>> to know what's up with this bank? Their customer service is
>> abysmal. The aggressiveness of the collectors is new to my
>> experience. No doubt, I am having a tough time paying the
>> bills recently, but I am trying to turn things around and
>> this letter seemed to be not only overly aggressive but
>> maybe illegal. I would like to hear from others that are
>> experiencing similar problems with this bank!
>
>
> Unfortunately you went swimming with sharks. They can indeed
> accelerate your loan if you technically fall into default
> (according to the terms of the contract). I don't see why they
> would rather accelerate than accept a properly offered "cure"
> (payment of all due amounts and penalty/interest charges to
> date) but they can if they want.
>
> Good luck with them -- you have my sympathy which won't help
> you but it is sincere.
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