Bank of America Complaint - Credit Card Pilfering!
ROSEVILLE, CALIFORNIA -- I want to warn other consumers and prepare a possible Federal complaint or class action suit against this new way of pilfering our money in order to make profits for the Fed's "stress test". Whatever! For one, I have never been late with my payments...so how do they steal money from me? B of A has refused to increase my credit limit (hey, that's fine) but I have such a low credit limit for my needs that I have run a balance around 90%...not a usual balance for me but I have been laid off twice in one year and really needed to use my credit line in several emergencies. I have a $800 credit limit and ran up $780 balance. They charged me a $39.00 overlimit fee and then 15.00 in finance charges. I thought this was my mistake and let it go...so the next month I paid $60 (even though the minimum payment was $16.00) in order to bring my balance below the credit limit WAY BEFORE the next statement date. What did they do? They charged me another $39.00 overlimit fee the next month AND THEN the finance charges. HELLO! The math does not work! It is simple. If they charged me the finance charge first, my balance would be $15 below the credit limit... but they "PRE-CHARGED" me the $39.00 overlimit fee FIRST, then charged me the finance charge!!! NICE TRICK! AND I WILL BE GATHERING THE NAMES OF OTHER PEOPLE THAT YOU ARE PILFERING FROM!!!
Contact me at firstname.lastname@example.org if you too have been screwed by this scheme! PRESIDENT BARACK AND MR. BERNAKE: Have you looked at the tactics these banks are trying to pass the "stress test"??
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