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Bank of America cares for nothing but your money

Family hardships recently drove us to ask BofA about mortage programs available. Of course we could never get an answer after almost 8 months. Their service is the worst. They did respond indirectly however; by taking our open line of credit account and closing it telling us our house wasn't worth what we owed...Duh! Bear in mind we put down $100,000 for our home. Then they took our credit card and decided instead of 6.4% it should be 13.99% if we continued to use it. We stopped using the card. Please bear in mind we have been a good customer of theirs for many years and have NEVER made a late payment on any account. My goal is to pay off the credit card, and at some point refinance the mortgage (I suppose I could walk away from the house to screw them). I am now in the process of taking my retirement account out of Merrill Lynch (a subsidiary of BofA) with about 100k balnace and opening an acocunt with someone else. I don't understand how they get help from the government (TARP) and we get nothing in return. BofA is a bunch of crooks who belong in jail.
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1 comment
Anonymous
#157826

All Banks only care about your money. That is why they are in business.

The people who work at a bank try to have good PR and most are good people who need a job. We all have worked in unpolite situations.Banks are unpolite polices to work.

If we think financial institutions practice humility or care no wonder we are hurting. Banks are like politicians-they have forked tongues.

Review
#185819 Review #185819 is a subjective opinion of poster.
Product
Bank Of America Credit Card

Bank of America

My mortgage company was recently sold out to Bank of America. They are not willing to honor the mortgage agreement I had with my previous mortgage company. I have contacted every lawyer in my area, and no one will help. I cannot get Bank of America to return my calls or letters. Who do I contact next? Don't tell me my congressman because I have done that too. I have also filed a complaint with the Better Business Bureau in the state of California. Why does no one want to fight Bank of America when they are not doing what they should?
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#185817 Review #185817 is a subjective opinion of poster.
Service
Bank Of America Mortgage
Bank of America privacy assist collects your money monthly but does not provide real time information only quarterly summary. after a few months I stopped getting the notifications on my account when I called I was told that the credit bureau updated the information...
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10 comments
Anonymous
#701381

privacy assist has not been providing me the summary report or

anything for at least a year but keeps charging me.

When I called them, they said just sent info to me a few days ago,

a flat lie, I asked to cancel it. Hope they won charge me agin, but

you never know what these crooks would do

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#185813 Review #185813 is a subjective opinion of poster.
Product
Bank Of America Account

Bank of America....

We have to understand that the will of god is unchangeable.He can see the injustice and has a plan we cant see. I know this is scary and hurts like ***...but trust (revenge is the lords). These ppl may have money and power but what gains a man to win the world but loose his soul. We may loose our homes but I KNOW that in the end...the truth will come to light... please have faith. I have been in the modification process with BAC since 2009. We finally received a Fedex package Feb, 2010 and completed all requirments. The papers NEVER stated that this was a trial peroid.BOOM! Two more packages in June.....I spoke with my negotiator and as was told that they keep sending more because the interest rates and maturity dates keep getting misprinted. I always send FUP emails to my negotiator outlining the conversation. God will take care of us and it aint over till he says its over.
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1 comment
Anonymous
#152906

The way to show they broke the law is in auditing the paperwork. I had an audit performed by certified professional who went over my mortgage documents and they found violations of laws.

Since a crime may have been committed you need to treat the paperwork as such. From the audit then a letter asking for more information or a rescission letter asking for the return of ALL money paid in and for them to divest themselves of all claims. From there litigation paperwork can be created ready to file into court. They do not want their violations of the law before a jury of 12 homeowners who may wonder if they were defrauded as well.

See all the "MISTAKES" they make like losing document etc may be more than that, it may be intentional which is fraud.

endlessfrauddetection.com contains example after of example what the law says when it come to mortgages. If the people are going to take back this country we need to do it one home at a time with the law.It's time to start taking back this country one home at a time.

Review
#185369 Review #185369 is a subjective opinion of poster.
Service
Bank Of America Mortgage

Bank of America no longer free checking account

In 1971, as a returning Vietnam veteran, I opened a free "charter" checking account with Virginia National Bank. Over the years, my checking account remained free as the bank and account was taken over by Sovereign Bank, Nations Bank, and finally Bank of America. Originally Bank of America "allowed" the account to remain free according to the terms of my orignal contract. Until last year. Then suddenly and without notice, the free checking accounting was no longer free and monthly fees were deducted until the account was overdrawn with fees. How can I trust a bank that does not honor the terms of its contracts with its customers? I have heard and read many other accounts of customers being "screwed" by Bank of America. They want your money - not our business! A satisfied customer is not their business goal. There are many other fine banks and credit unions that want my business and go out of their way to show it. I highly recommend that everyone avoid banking with Bank of America.
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#185294 Review #185294 is a subjective opinion of poster.
Product
Bank Of America Checking Account
Loss
$63
Incident = In February 2010 I contacted my mortgage lender Bank of America about their Making Homes Affordable Program in which I was solicited via the Internet. I did call and inquire but was told I did not qualify. About 6 weeks later I receive a FED-EX package about...
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11 comments
Anonymous
#478148

We have filed a class action lawsuit against Bank of America relating to their practice of opening escrow accounts without permission or authorization, including when borrowers request loan modification information. Please contact us at info@bholaw.com if you would like to share your experience with us.

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#184862 Review #184862 is a subjective opinion of poster.
Service
Bank Of America Mortgage
Loss
$70

Overdraft fees charge manipulated by banks | Bank Of America review from Livingston, New Jersey

I have 3 checking accounts one more active than the other 2. I decided to try Bank of America checking where i didn't have much activity. I did a transaction almost 15 days ago for an small amount. I decided to leave a $15. since I don't use it much. Guess what; This was my fault for not keeping a tight track of my transactions and instead trusting the bank website where the transaction information is listed. as soon as I was getting close to $15 the transaction came out with the addition of $35 overdraft charge. I wasn't really complaining because in great part was my fault until i found out that this happened to a nephew and an old friend of mine. Be careful please it seems that this bank and may be others as well are desperate for fees.
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2 comments
Anonymous
#154037

I paid a car note for 165.00 and boa dibble charged me making it look like I made two payments of 165 and it took me into over draft. I went back to the car lot because that's what thecbanker said I had to do.

There print outs show they only had two card payments that day one for 300 and my 165. When we try to call the bank nobody would pick up the phone

Anonymous
#151413

bank of america is making money off customer by holding postings and putting transactions off so that can run up fees. Anyone considering banking with them should run for the door (or find someother less scrupulous (sp) bank).

They paid their government loan back with comsumers' overdraft fees. can you believe two -one dollar double cheeseburgers from McDonald's ended up costing me $70 bucks!!!!!!

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#184808 Review #184808 is a subjective opinion of poster.
Product
Bank Of America Checking Account

Charged $27.00 overdraft -tried to deduct 2 pymts | Bank Of America review from San Diego, California

Went on website to pay my mortgage & after 2 attempts message said to try back later, problems with website. So called & spoke to representative who took my payment over the phone. Checked today, and they took one payment out & tried a second one (of course it would not clear) so charged me a $27.00 overdrawn charge. Called & they tell me I must go to my bank, print out the transaction and fax to THEM, and after several days, they may credit the error back to my acct. It was THEIR error..not mine. Horrible customer service. Wish I could refinance to another company, but Hubby is out of work. We ALWAYS pay on time, or before due date...and now THIS hurts our credit, due to THEIR ERROR!!!!
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Review
#184602 Review #184602 is a subjective opinion of poster.
Service
Bank Of America Mortgage

Bank of America sucks!

I have had unpleasant dealings with B of A years ago, and I hate them. In just about every bank scam or wrong-doing, this sleazy outfit's name is part of the core. Just look at the fines and pay-backs they have made recently. They cried "poor" when the feds offered bail-out money, and the greedy sobs got a handful. They paid it back, sure. It was our money they were using to enrich their coffers. B of A can put on commercials about how benevolent they are, but we know the bottom line --- nothing is free! B of A is up to something. they are crooks and I hate them!
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1 comment
Anonymous
#150488

SAME_HERRE!!

They charge up the ante fees and are very "mediocre" bank! Will not-ever DO business w/ them!

:grin See if I ever refer any person to them as a bank. MOST horrible bank especially in terms of costumer service.

HORRIBLE bank and should be @ the bottom list of best banks should there be one. JUST THE WORST BANK EVER!!

Review
#184469 Review #184469 is a subjective opinion of poster.

Making Homes Affordable Delays | Bank Of America review from Toledo, Ohio

I was released from a company after 17 years of service due to "cutbacks" in November of 2008. As we all now know, this is when the 401k market crashed significantly. I ened up cashing out my retirement and keeping up with my bills, while collecting unemployment, until August of 2009. It was at that time that I applied for the MHA plan that was offered by Bank of America. I could no longer make the mortgage payment and was told not to even bother with a partial payment. After several months of the run-around, I finally recieved the Fed-Ex package in late November. I immediately produced and sent out ALL of the documents that they requested. I called several times to check on the status, but never could reach anyone that knew anything about it. Several times I was told that there was no hold for further information, so I should just wait and call back in 14 days. A few times I was told that I would recieve an answer within 7 to 10 business days. In January 2010, I found gainful employment after 14 months of no work. I then recieved information that Bank of America had sold my mortgage...to Bank of America! Is this a ploy to "reset" the process? I recieved a NEW Fed-Ex package in February 2010 asking for the SAME information, but it had a DIFFERENT return adress than the first. Once again, I produced and sent out ALL of the UPDATED required paperwork. On May 7th, 2010 I was told that I was still "in review" but should recieve an answer within 7 to 10 business days. Guess what? It's June 3rd, 2010 and I have STILL not heard a word from Bank of America. CONSPIRACY ALERT: Could it be that because I am paying PMI, Bank of America will deny my MHA request because they will get paid if I default? Why does it take over 10 months to get an answer that has not yet come? I want to keep my home, but I am fed up with this endless-loop of a process. I have done everything they have asked, but nobody cares enough to respond in kind. What's a working-class stiff supposed to do? Now I can understand why people are walking away from their homes. I don't want to do that, but I may no longer have a choice in the matter. The Patient One (no longer)
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2 comments
Anonymous
#179316

Your situation is similar to mine; I signed up for the MHA program at BoA in April '09. Made my 3 'trial' payments and should have received the modification in Oct '09.

It is my belief that BoA is intentionally delaying the process so they can continue to charge the customer a higher interest rate. Afterall, once they modification the loan, reducing the customer's interest rate, that will be less revenue for them. After 14 months in the program with no executed loan modification, I have sold my home. The kicker is that the payoff was $9,000 more than my principal balance!

The 'reduced' payments aren't helping the consumer, BoA is simply tacking on all the unpaid interest to your principal balance. Get out of the program while you can!

Anonymous
#151134

Have you considered an audit? My mortgage papers showed 6 violations including predatory lending.

I am waiting results of audit showing where it is in the mortgage securities pool. endlessfrauddetection.com is where I got these audits.

Website has lots of information such as legal strategy's and defenses to foreclosure. Very empowering information.

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#184440 Review #184440 is a subjective opinion of poster.
Service
Bank Of America Mortgage