Bank of America Complaint - Bank of America Legal Loan Sharking
FAIRFIELD, CALIFORNIA -- I have been a customer of BofA for over eight years. I have a credit card with them that I called in about early this year to request a lower interest rate and was told to continue my excellent payments and call back next year. However, a finance charge put me over my limit and they said I was late paying my bill (1 day) and the bank doubled my interest rate, charged me late fees, put through charges when they knew that the finance charge had already put me over the credit limit. They also approve transactions on our debit card for small amounts $10, 20 etc. and then charge $35 dollars for each transaction instead of refusing the charge. Even though I check my balance on the computer it's hard to tell what's going on when transaction show up as "pending", but they are actually already deducted from the balance.
We need some regulation with these banking practicing. Somebody please help the consumer. Bank of America is ripping off its "valued" customers.
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