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Charged 34.9% interest w/ out me aware
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Feb 12, 2008 Bank of America complaint by Jaymas417 |
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Bank of America nightmare...I transferred funds ($5500) to a Bank of America promotional rate of 0% for 12 months. I was late by one day on two consecutive bills. When I received my next bill, I noticed in small print that my apr % was 34.9%! When I called to inquire, I was told I should have read the "fine print" on the offer regarding late payments. Okay, I agree, but what I don't understand is how such a reputable bank would charge a rate well above what "Loansharking" is defined as. In addition, not make it obvious they had done so. And, furthermore, I was given zero courteous or flexibility. So, me, who has an excellent credit score, dealing with a supposedly good banking company, witnessed a complete "Lose-Lose" scenario: I will never bank with Bank of America again, nor recommend them! Shame on them...such thieves.
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