Bank Of America Cheats Their Customers
I am calling for everyone that reads Times Square Gossip to boycott The Bank Of America. I have had it with their underhanded business practices. If you have their credit cards or have a account in their bank, cancel it. I never look at credit card bills, I just pay them online every month. I never look at the interest rates, I just always assume that they are the same as always. Well yesterday I just happened to look for once and was I shocked. They raised my rates from 17 percent to almost 26 percent. I could not believe it. I always pay on time, I always pay 2 or three times the minimum due and I have had this card for years. My credit score is 702 which is considered excellent. I was outraged. I called them up today, and they told me they had sent me a notice last March ( One year I didn't notice the higher rate) and that I had the option of not using the card and still pay the low rate or if I used the card, the higher rate prevailed. I said, why would I care about a cheaper rate on a card if I couldn't use it and if I did I would pay the higher rate. I asked them why my rate was raised in the first place. They said they reviewed my account and I was now considered a higher risk. A higher risk? I pay on time, I always pay more than minimum, and I have a high credit score. They said that's what they decided but since I was unhappy, he could give me a rate of 23 point something. So I said let me get this straight, " I pay on time on the credit card for years, I pay more than minimum, I have a excellent history and score and this is the way you treat a customer for many years?" I told him to cancel my credit card. I don't want to deal with a sleazy bank like Bank Of America." I am paying off the credit card in full when the final bill arrives ( Besides it's only 15 hundred owed anyway) and next week I am canceling my checking and savings accounts with them too. They charge higher rates than the Mafia. This is also just one horror story on The Bank Of America. I have so many more on what they have done over the years to my checking accounts. I never switched because I have several direct deposits and didn't want to go through the task of finding another bank and calling all my direct deposits and switching them. But now I will find a new bank this week and The Bank Of America can go FU*K themselves. I have millions of readers, and I urge anyone that has accounts with them to close them. If you also have horror stories on them, please tell them below by clicking comment or e-mail them to me and I will post. I will also be posting this story on all our sister websites. I will be posting more horror stories every couple of weeks, so stay tuned.
BOYCOTT BANK OF AMERICA !
Labels: BANK OF AMERICA, GOSSIP, JAMES EDSTROM