The complaint has been investigated and
resolved to the customer's satisfactionResolved Royal Bank of Canada — $100,000 Mistake on Fishermen's Loan
resolved to the customer's satisfaction
Royal Bank of Canada (RBC Bank) : Corporate Bully
$100, 000 - MISTAKE (FISHERMEN'S LOAN)
I'm a commercial fisherman fighting the Royal Bank of Canada (RBC Bank) over a $100, 000 loan mistake. I lost my home, fishing vessel and equipment.
There was no monthly interest payment date or amount of interest payable per month on my loan agreement. Date of first installment payment (Principal + interest) is approximately 1 year from the signing of my contract.
Demand loan agreements signed by other fishermen around the same time disclosed monthly interest payment dates and interest amounts payable per month.The lending policy for fishermen did change at RBC from one payment (principal + interest) per year for fishing loans to principal paid yearly with interest paid monthly. This lending practice was in place when I approached RBC.
Only problem is the loans officer was a replacement who wasn't familiar with these type of loans. She never informed me verbally or in writing about this new criteria.
Help me fight the Royal Bank of Canada (RBC Bank) by closing your account.
"Fighting the Royal Bank of Canada (RBC Bank) one customer at a time"