Comments on: What Are My Options For Getting Bank of America to Lower my 27.99% Credit Card Interest Rate? – Chris http://getoutofdebt.org/5779/what-are-my-options-for-getting-bank-of-america-to-lower-my-2799-credit-card-interest-rate-chris Free debt help and debt advice on how to get out of debt, getting out of debt consolidation scams, and inside information on the debt relief and debt help industry. Mon, 13 Feb 2012 01:25:00 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Steve Rhode http://getoutofdebt.org/5779/what-are-my-options-for-getting-bank-of-america-to-lower-my-2799-credit-card-interest-rate-chris#comment-89925 Steve Rhode Thu, 06 Oct 2011 14:35:00 +0000 http://getoutofdebt.org/?p=5779#comment-89925 Unfortunately it just reinforces the fact that it's always the creditors ball and they can pick it up and take it home at any time. Unfortunately it just reinforces the fact that it’s always the creditors ball and they can pick it up and take it home at any time.

]]> By: N.B. http://getoutofdebt.org/5779/what-are-my-options-for-getting-bank-of-america-to-lower-my-2799-credit-card-interest-rate-chris#comment-89920 N.B. Thu, 06 Oct 2011 03:58:00 +0000 http://getoutofdebt.org/?p=5779#comment-89920 You don't have to get behind on your payments for Bank of America to close your account. I have been with Bank of America for 13 or 14 years. Many years ago I was late one day by mistake twice  making a payment. But in recently years I have made every payment on time every month. Last week they closed my credit card account based on me having bad credit. They said that it didn't matter that I had a near perfect payment history with them and a perfect history in the last few years. They said all that mattered was that my low credit score made me a credit risk and they closed my credit card account. I promise I will never do business with Bank of America again as long as I live. I think dealing with them is always a mistake in the end. You don’t have to get behind on your payments for Bank of America to close your account. I have been with Bank of America for 13 or 14 years. Many years ago I was late one day by mistake twice  making a payment. But in recently years I have made every payment on time every month. Last week they closed my credit card account based on me having bad credit. They said that it didn’t matter that I had a near perfect payment history with them and a perfect history in the last few years. They said all that mattered was that my low credit score made me a credit risk and they closed my credit card account. I promise I will never do business with Bank of America again as long as I live. I think dealing with them is always a mistake in the end.

]]> By: Steve Rhode http://getoutofdebt.org/5779/what-are-my-options-for-getting-bank-of-america-to-lower-my-2799-credit-card-interest-rate-chris#comment-27998 Steve Rhode Wed, 03 Nov 2010 22:57:01 +0000 http://getoutofdebt.org/?p=5779#comment-27998 Well I hate to be skeptical but with the sudden shift in politics yesterday (Election Day 2010) it is unlikely that there will be more changes in law to protect consumers. In fact the public cry now is for less government and the abolition of some government agencies. If the politicians voted in adhere to many of their public messages then it is very possible that the banks will soon have more power, not less.<br><br>If you want to make sure consumers are protected from such actions, call your politicians and tell them you want more laws to protect consumers. <br><br>The new Consumer Financial Protection Bureau might offer some hope but I've heard talk by politicians wanting to roll that back or significantly reduce funding. Smaller government and all that. If that happens, well, then... Well I hate to be skeptical but with the sudden shift in politics yesterday (Election Day 2010) it is unlikely that there will be more changes in law to protect consumers. In fact the public cry now is for less government and the abolition of some government agencies. If the politicians voted in adhere to many of their public messages then it is very possible that the banks will soon have more power, not less.

If you want to make sure consumers are protected from such actions, call your politicians and tell them you want more laws to protect consumers.

The new Consumer Financial Protection Bureau might offer some hope but I’ve heard talk by politicians wanting to roll that back or significantly reduce funding. Smaller government and all that. If that happens, well, then…

]]> By: Steve Rhode http://getoutofdebt.org/5779/what-are-my-options-for-getting-bank-of-america-to-lower-my-2799-credit-card-interest-rate-chris#comment-80294 Steve Rhode Wed, 03 Nov 2010 22:57:00 +0000 http://getoutofdebt.org/?p=5779#comment-80294 Well I hate to be skeptical but with the sudden shift in politics yesterday (Election Day 2010) it is unlikely that there will be more changes in law to protect consumers. In fact the public cry now is for less government and the abolition of some government agencies. If the politicians voted in adhere to many of their public messages then it is very possible that the banks will soon have more power, not less. If you want to make sure consumers are protected from such actions, call your politicians and tell them you want more laws to protect consumers. The new Consumer Financial Protection Bureau might offer some hope but I've heard talk by politicians wanting to roll that back or significantly reduce funding. Smaller government and all that. If that happens, well, then... Well I hate to be skeptical but with the sudden shift in politics yesterday (Election Day 2010) it is unlikely that there will be more changes in law to protect consumers. In fact the public cry now is for less government and the abolition of some government agencies. If the politicians voted in adhere to many of their public messages then it is very possible that the banks will soon have more power, not less.

If you want to make sure consumers are protected from such actions, call your politicians and tell them you want more laws to protect consumers.

The new Consumer Financial Protection Bureau might offer some hope but I’ve heard talk by politicians wanting to roll that back or significantly reduce funding. Smaller government and all that. If that happens, well, then…

]]> By: Plb http://getoutofdebt.org/5779/what-are-my-options-for-getting-bank-of-america-to-lower-my-2799-credit-card-interest-rate-chris#comment-27997 Plb Wed, 03 Nov 2010 22:08:32 +0000 http://getoutofdebt.org/?p=5779#comment-27997 Steve, <br><br>Your response to Chris is one of the major problems killing our economy and folks trying to get out from underneath their debts. With interest rates of 24+% and lower credit scores imposed upon individuals, it is almost impossible. You call B of A and they do nothing because they can hid behind the current regulations and laws. <br><br>So, my question is simple, what can we the people do to get the laws/regulations changed and stop the extortion and bleeding of Americas?<br> <br><br><br>As you stated "It is unfortunately true that all of the actions Bank of America has taken are permitted and legal under current U.S. regulations and they are most likely in accordance with your cardholder agreement." Steve,

Your response to Chris is one of the major problems killing our economy and folks trying to get out from underneath their debts. With interest rates of 24+% and lower credit scores imposed upon individuals, it is almost impossible. You call B of A and they do nothing because they can hid behind the current regulations and laws.

So, my question is simple, what can we the people do to get the laws/regulations changed and stop the extortion and bleeding of Americas?

As you stated “It is unfortunately true that all of the actions Bank of America has taken are permitted and legal under current U.S. regulations and they are most likely in accordance with your cardholder agreement.”

]]> By: Plb http://getoutofdebt.org/5779/what-are-my-options-for-getting-bank-of-america-to-lower-my-2799-credit-card-interest-rate-chris#comment-80293 Plb Wed, 03 Nov 2010 22:08:00 +0000 http://getoutofdebt.org/?p=5779#comment-80293 Steve, Your response to Chris is one of the major problems killing our economy and folks trying to get out from underneath their debts. With interest rates of 24+% and lower credit scores imposed upon individuals, it is almost impossible. You call B of A and they do nothing because they can hid behind the current regulations and laws. So, my question is simple, what can we the people do to get the laws/regulations changed and stop the extortion and bleeding of Americas? As you stated "It is unfortunately true that all of the actions Bank of America has taken are permitted and legal under current U.S. regulations and they are most likely in accordance with your cardholder agreement." Steve,

Your response to Chris is one of the major problems killing our economy and folks trying to get out from underneath their debts. With interest rates of 24+% and lower credit scores imposed upon individuals, it is almost impossible. You call B of A and they do nothing because they can hid behind the current regulations and laws.

So, my question is simple, what can we the people do to get the laws/regulations changed and stop the extortion and bleeding of Americas?

As you stated “It is unfortunately true that all of the actions Bank of America has taken are permitted and legal under current U.S. regulations and they are most likely in accordance with your cardholder agreement.”

]]> By: mary http://getoutofdebt.org/5779/what-are-my-options-for-getting-bank-of-america-to-lower-my-2799-credit-card-interest-rate-chris#comment-27291 mary Sat, 16 Oct 2010 16:11:40 +0000 http://getoutofdebt.org/?p=5779#comment-27291 Who does one need to contact about interest rates at BoA. When I have tried to talk with them about my rate, I was forwarded to a dept. that deals with putting people in some kind of program where you had to tell them all your financial debt. I just want my interest rate lowered... The final Credit Card Law says that after paying on your debt for 6 months, they have to review your account. Of course, they are not going to offer this on their own, so what's the ph# that I call to get the right person to take care of this? Who does one need to contact about interest rates at BoA. When I have tried to talk with them about my rate, I was forwarded to a dept. that deals with putting people in some kind of program where you had to tell them all your financial debt. I just want my interest rate lowered… The final Credit Card Law says that after paying on your debt for 6 months, they have to review your account. Of course, they are not going to offer this on their own, so what’s the ph# that I call to get the right person to take care of this?

]]> By: mary http://getoutofdebt.org/5779/what-are-my-options-for-getting-bank-of-america-to-lower-my-2799-credit-card-interest-rate-chris#comment-79605 mary Sat, 16 Oct 2010 16:11:00 +0000 http://getoutofdebt.org/?p=5779#comment-79605 Who does one need to contact about interest rates at BoA. When I have tried to talk with them about my rate, I was forwarded to a dept. that deals with putting people in some kind of program where you had to tell them all your financial debt. I just want my interest rate lowered... The final Credit Card Law says that after paying on your debt for 6 months, they have to review your account. Of course, they are not going to offer this on their own, so what's the ph# that I call to get the right person to take care of this? Who does one need to contact about interest rates at BoA. When I have tried to talk with them about my rate, I was forwarded to a dept. that deals with putting people in some kind of program where you had to tell them all your financial debt. I just want my interest rate lowered… The final Credit Card Law says that after paying on your debt for 6 months, they have to review your account. Of course, they are not going to offer this on their own, so what’s the ph# that I call to get the right person to take care of this?

]]> By: Jonathan@Friends&Money http://getoutofdebt.org/5779/what-are-my-options-for-getting-bank-of-america-to-lower-my-2799-credit-card-interest-rate-chris#comment-4385 Jonathan@Friends&Money Mon, 30 Mar 2009 18:50:03 +0000 http://getoutofdebt.org/?p=5779#comment-4385 great response, it's always helpful having feedback from an expert and someone who understands the legal framework from a financial perspective <abbr><em>Jonathan@Friends&Moneys last blog post..<a href="http://www.friendsandmoney.co.uk/index.php/2009/03/how-to-talk-about-debt-problems-with-family-members/" rel="nofollow">How To Talk About Debt Problems With Family Members</a></abbr></em> great response, it’s always helpful having feedback from an expert and someone who understands the legal framework from a financial perspective

Jonathan@Friends&Moneys last blog post..How To Talk About Debt Problems With Family Members

]]>