I have a car loan with the bank. My car was parked in a garage while I was serving my country overseas. I had the car insured for fire and theft during that period.
While overseas, the sent letters to my home requiring that I get full liability insurance on a car that was not driven. I did not receive these letters till 3 months later when I was back in the US.
I immediately updated the insurance as per their requirements, again, despite the fact that I was stationed overseas and the car was in storage.
The bank insisted on charging over $650 for the 3 months (when my current insurance rate is $50 per month) and they would not back down, even though I offered to pay back the whole loan.
This is why this country hate bankers.
Cons: Insensitive, fraudulant, and unfair practice
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