Bank of America Complaint - 45 minutes late and your rate goes from 6.24 to 25%
OK, so I was on vacation and could not connect to the internet to make my payment to BofA but since it was due on 8/28 and I would be home that day I thiought "no problem:. WRONG!!!
I made an online payment at 3:46 not knowing that the BofA cutoff time is 3PM not 4PM. I had the card for 5 years with Citi but BofA took over ythe card. I have always paid on time, more than the minimum and had my credit ratre increased tenfold bu Citi because of my payment history. Then, BofA (Bank of A#*es)takes over and my nightmare begin. Fortyfive minutes and I get hit with a $389 late fee, havce my interest rate increased from 6.24% to 25% and they would not work with me. I had to close the card which themn made my credit score drop more causing Capital One, Chase and HSB to drop or lower my credit limit and raise my interest rate. WHERE are you Mr. Obama when the average middle class taxpayer, who has been responsible and pays their bills on time needs help. Why can't I get a 2.5% mortgage and a low interest rate credit card. Why are MY TAX DOLLARS bailing out financial institutions only to have them turn around and abuse me financially. Why are the banks paying 0 to. 25% to borrow yet charging me as much as 30% interest bit paying me 0% on my savings, money market and checking accounts. I was promised 3% on my IRA CD and I am getting 0% yet if I take the money out I need to pay a penalty and a fee to the bank. HELP!!!
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