Category Archives: Bank of America

I Was a Partner in a Small Business That Failed. Now What? – John

“Dear Steve, Was 1/3 partner in a business – small mom and pop asian food store – it failed at the beginning of the recession. I had taken out a signature loan for $40K and had been making payments until 12 months ago. It is with Bank of America, and has just recently gone into [...]

How Do I Get Bank of America to Lower My Interest Rates When They Say I Paid Late? – Kathy

“Dear Steve, I took out a “consolidation loan” with BOA. The statements are like credit card statements instead of loan statements. I send my payments thru my bank. A while back that were recording my payments one day late and adding fees and uped the interest rate. How do I prove this and get them [...]

Are The Banks Getting Paid Off or Kickbacks to Not Modify Loans? – Vicki

“Dear Steve, My house was sold for $80,000.00 under what I originally paid for it. B of A was giving me the run around. I am off work due to work injury, I started to “try” to talk to B of A before I fell behind on my payment. I filled out paperwork 3 or [...]

Bank of America Has Ignored My Requests for a Loan Modification. – Patti

“Dear Steve, Single mom, monthly bills have increased greatly; no salary increasse for three years; helping son through college; recent breast cancer survivor. Bank of America has ignored my requests for a loan modification. I owe $145,000. and my home is worth at best $80,000. I get paid twice a month with one check covering [...]

I Am Unable to Make All My Bank of America Debt Settlement Payments

“Dear Steve, I entered a debt settlement a couple months back that allows for 4 payments, each increasing incrementally. I am having trouble making the full 3rd payment. Does anyone know what will happen if I only make a partial payment? The settlement terms letter indicated any inability to make a payment would result in [...]

My Disabled Brother Has an Issue With Bank of America Over His Consolidation Loan. – Gale

“Dear Steve, This question is for my 55-year old brother and his wife. I am a former tax accountant/paralegal but have no experience with consolidation loan situations as my husband and I have owned our home for many years. My brother applied for a $70K debt consolidation loan with Bank of America in April 2008. [...]

Bank of America Close My Father’s Line of Credit. Is There a Class Action Suit About This?

“Dear Steve, My father had a line of credit with BofA and they canceled with out notice They had no just cause. No late payments on the account or anything else. I read there was a class action lawsuit against BofA. I can’t find that article or any info on it. I believe the law [...]

Bank of America Won’t Help Me At All. – Donna

“Dear Steve, I lost my job in July 2009. Just moved to SC, 3yrs. ago. I bought home which of course the value has dropped. I now have credit card debt of $14,000. I am only getting unemployment which does not pay the bills. My family has been helping, but it is not fair to [...]

How Can I Get Past This Bad Debt And On With My Life? – Amanda

“Dear Steve, I went through a divorce for about 1 1/2 yrs. and it was final in May 2009. We had our car repossessed in Jan 09, fell behind on credit card pmts (most all in my name) totalling approx $ 30,000.00 and now my home was foreclosed on by BOA, even though they admitted [...]

Do You Have an Email or Phone Number for David Sunlin From Bank of America? – Linda

“Dear Steve, Do you have an e-mail or phone for David Sunlin, head of shortsales at B of A? I have located a prop in New Mexico that is going to foreclosure and the listing agent WON”T do a short sale package cause “it takes too long, you never get as response, it’s too late, [...]

I’m In a World of Hurt With Our Credit Thanks to Bank of America. – Sandy

“Dear Steve, I am in a world of hurt with our credit although we have never missed any payments and have always remained current however it is becoming harder and harder to continue on. Total unsecured debt is near 90,000. We have been living check to check for years. Credit card companies have lowered our [...]

I Would Like to Know The Best Way to Deal With My Debts. – Amanda

“Dear Steve, Hello, I would like to know the best way to deal with my debts. I have good credit, always pay on time and my fico score is 702. My debt is due to my business closing 2 yrs ago. I have paid off at least $30,000 and still have $30,000 to go. the [...]

I Have a Lot of Bank of America Debt I Need to Clear. – Dan

“Dear Steve, Thank you in advance for your assistance. I have roughly $50K in credit debt. I have been a customer with BofA for 20+ years and recently thought that I should approach them. Obviously, your article made me re-think that. In general, I am looking to consolidate and just give myself some sort of [...]

Bank of America Lied to Me And Jacked My Rates. – Dee-Dee

“Dear Steve, Initially contacted Bank of America to reduce Credit Card APRs, and they closed all my credit card accounts. Was told to call back in 6 months for APR reduction. Promised an APR reduction from 24.99% to 8.99%. Received a letter indicating that although Bank of America agreed to the APR reduction, they are [...]