Is Bank Of America Taking Advantage Of The Unemployed With Debit Card Fees?

The state of South Carolina and Bank of America have teamed up together to administer unemployment benefits to South Carolina residents. Unemployment benefits used to come in the form of a check but are now being issued in the form of a Bank of America prepaid debit card. Bank of America claims that it’s good … Read more

What Are My Options For Getting Bank of America to Lower my 27.99% Credit Card Interest Rate? – Chris

“Dear Steve, My situation concerns Bank of America. Last november BoA lowered my limit from 16000 to 15000. at the time my balance was around 14700. When my minimum payment hit me it sent me over my new limit and defaulted me and I was charged with a 27.99% interest rate. The extra interest fees … Read more

I Am Married With Five Children and Struggling to Get By. Ken

“Dear Steve, I was self/unemployed after a layoff for about 3 years, until about a year ago. I had about $60K of home equity, but accumulated about $80K in credit card debt (I had no debt going into the period). We live very frugally, with hand me downs, Goodwil,l and 200K+ mile minivans. In the … Read more

I Called Bank of America About My Reduced Credit Limit. They Reduced it More. – Charles

Charles “Dear Steve, Bank of America has lowered my credit line from 23000 to 16 and when I called to complain the dropped it down to the current level of 13500. I use my card in business and know they have the right to do this but what about the negative effect on my credit … Read more

Is It Legal For Bank of America to Raise My Interest Rates? – Lucy

Lucy “Dear Steve, Have been advised about Bank of America raise in interest rates. I have never been late on a payment. Would like to be part of class action suit. Is this legal? Lucy” Dear Lucy, The only Bank of America class action lawsuit I am familiar with is the one I previously wrote … Read more

Should I Quit Paying Bank of America For My American Express? – Becky

“Dear Steve, I have a BOA American Express card that was originally about $500.00 – I’ve paid every month and for the past 4 years made no new purchases. Interest rate is 25.99% and with all the monthly late fees / interest rate my balance is almost $2k. I’m falling further into debt with this … Read more

I Was Making Payments to Bank of America and The Charged Off My Debt – Michelle

Michelle “Dear Steve, Back in 2007 I made a payment arrengment with BOA on my credit card. The balance on the card was 3500 but with intrest and fees it had gone up to almost 4700. The payment plan was 100. a month. Then in 2008 my husbands hours got cut and we had to … Read more

I am a College Student and Owe Bank of America $1,200. – Keith

Keith “Dear Steve, I am a college student, with bad credit. I have one bank of America credit card that I haven’t used, but it is $1,200 past due because I haven’t made payments. With one more year of college left, I need to know how I can resolve this credit situation. My college loans … Read more

Bank of America Troubles With Republic Windows & Doors in Chicago Highlight ‘Banks Are Soulless’

In a terrible and unfolding tragedy in Chicago, or just another of the thousands of such similar stories around the nation, Bank of America has taken swift and specific action which has led to the firing of all employees and the closing down of the business with three days notice. Bank of America, (BoA) seems … Read more