Bank of America Complaint - Greed
Where do I begin? My husband and I have great credit. We pay our mortgage a month early. We pay the balance of our credit cards every month and before the due date! We have no debt as of this moment. BUT we are in our early sixties and we are selling our home which we renovated and maintain it in superior condition.
We've always been conservative in our investments but like so many other American were blind sighted by some economic surprises thus found ourselves caught in a financial crunch!
So we go to our bank that has been happy to have our business/money for quite awhile. They were so happy to have our business that they give us private banking (customer service) "prevliges"!
So we go to our special banker BUT their "private premier bankers" are no longer there which they did NOT alert us to.
We need assistance to get us over this temporary patch till we sell our home. We are REJECTED!! Nothing! Nada!
Our super great credit and excellent financial record MEANS NOTHING!!
AGAIN, we are in our sixties and both have worked very hard all our lives and have paid our bills, our taxes and have donated to the community throughout. So needless to say there is more going out than coming in and our biggest investment that we put so much of our sweat into means NOTHING!
SOOOO we need some cash and have, through Bank of America
Mastercard and AMEX a large line of credit. For years they reminded us that if ever we need a cash transfer from either one of these credit cards into our bank, we have the credit to do so.
So we call to do just that. We are told that they lowered that line of credit the day before. I say okay, how much is that line. They lowered it by half. With that I then request a cash transfer of half of that amount.
They apologize but it "LOOKS" as if they can not do that. THEY REFUSE TO TRANSFER ANY MONEY from these credit cards to our checking AND WILL NOT EXPLAIN WHY!!!!
MY GOD ALMIGHTY! I KNOW WE ARE NOT ALONE IN THIS!!
Was it not WE THE PEOPLE who bailed out these banks with OUR money?? And is it not these very same GREEDY banks who are obviously HOARDING our money?? Wouldn't this economy be improving at a faster pace if these BANKS were in turn, helping BAIL OUT AMERICANS with sensible loans?????
I voted for President Obama. I understand we are in the MESS we are in because of previous administrations and previous generations for such short sightedness and GREED.
But Please . . . someone explain to me WHY WHY WHY we are not holding THESE BANKS ACCOUNTABLE AND RESPONSIBLE NOW??
Most of us do NOT have 3-5 years to wait for money to start flowing. WHY do we not make this BANKING PROBLEM OUR PRIORITY?
My husband and I did not take big risks with our money. We have paid off every debt we ever had and up till now have maintained a balance of 0 on our credit cards. Our credit report reflects all this and yet..... I'm sorry but the word that comes to mind is.... F_ _ K! I usually do not resort to expletives but what the hell!
BANK OF AMERICA, YOU AND YOUR CREDIT CARDS COMPANIES ARE NO BETTER THAN LONE SHARKS! YOU ARE UNETHICAL, UNCONSCIONABLE, YOU ARE CRIMINAL, AND YOU ARE IMMORAL!
People are angry and understandably so. Not only angry with this economic fiasco but also angry and sad with experiencing such an overwhelming feeling of helplessness and hopelessness!!
President Obama, representatives and senators, address this issue with the banks NOW. If the banks start lending NOW, our economy will improve NOW!
PLEASE, some one tell me where else and/or who else do I go to to lodge this complaint. How do I do this MOST EFFECTIVELY??
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