Vanderbilt Mortgage Loan Dispute

Summary

In Virginia, a lender cannot legally increase the loan amount without your agreement. This could be a violation of the Truth in Lending Act. If this continues: document all interactions with Vanderbilt, consider filing a complaint with the Consumer Financial Protection Bureau, and seek legal advice.

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Vanderbilt mortgage sending payment facts and saying I’m late
Hello ****, could you please let me know your location? Also, have you kept records of your payments? This information will help me provide accurate advice.
yes, Virginia
Hello ****, it's important to keep all records of your payments. In Virginia, if a lender falsely accuses you of late payments, you can dispute it. If they continue, you may have a claim under the Fair Credit Reporting Act or Virginia Consumer Protection Act.
We recently got a loan to pay the full of the house off, but they are now adding money on top of what was already agreed on is that
Hello ****, in Virginia, increasing the loan amount without your consent might be a violation of the Truth in Lending Act. Always remember:
- Ensure you have a written agreement stating the loan amount.
- Contact the lender for clarification.
- You might need to seek legal counsel.
The Vanderbilt is trying to add more into amount that was agreed on
Hello ****, the lender changing the agreed loan amount can be considered a violation of the Truth in Lending Act. Here's what you can do:
- Ask Vanderbilt for a detailed explanation.
- If their response is not satisfactory, consider filing a complaint with the Virginia Bureau of Financial Institutions.
- Seek legal advice if necessary.
Can they legally add more money that is owned?
Hello ****, in Virginia, a lender cannot legally increase the loan amount without your agreement. This could be a violation of the Truth in Lending Act. If this continues:
- Document all interactions with Vanderbilt.
- Consider filing a complaint with the Consumer Financial Protection Bureau.
- Seek legal advice.