Bank of America is the worst banks in the United States ?!!!?

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My husband and I want all of our banks with them, checking, savings, mortgages, credit cards and personal lines of credit. Our credit ratings are in the midst of more than 700 and we have never paid late on a bill ever. Is that we always pay more than the minimum payment. Our credit facility has a $ 9,000 balance. Our credit card has a balance of $ 200. It is the only crime outside the home and the cars we have. Our debt to income ratio under 30%. Anyway, I called the other day an advance on our credit line for necessary home repairs (our credit limit was $ 16,500) Request. Today went I online to check the status of the request and have given up our credit line of 10,000 €. So now we are not only unable to perform home repairs, without dipping into savings, but they have our credit, damaged by our debt to available credit! They did so for the economy! Give me a break! What are the chances in this economy, we were able to refinance our mortgage with another bank and get a loan from another bank to repay the loan with BoA? I ask because next week, we take all our checking accounts and savings accounts and go to another bank and close to our credit card and other account that we have this terrible business.

  1. Reply
    May 1, 2011 at 3:38 am

    A lot of the big banks are doing the same thing, so interview them before you make the switch.

    Look to smaller, local/regional banks that haven’t forgotten the “little people”.

    That’s what I am doing anyway…..

  2. Reply
    May 1, 2011 at 3:45 am

    I read a article on the Yahoo homepage about this earlier this week. BoA isn’t the only company doing this. The article actually said it wasn’t a good idea to ask for a credit increase or an interest rate decrease because it causes them to review your account and usually ends in a credit limit decrease.

    You can move to a different bank but because of the new credit rules they are all looking for new ways to screw you.

  3. Reply
    doreen k
    May 1, 2011 at 4:26 am

    I recommend that you contact credit unions in your area. Many credit unions have open fields of membership, so despite the names (which make membership sound exclusive) you are probably eligible to join at least one credit union in your area, if not several.

    I have been a credit union member since 1981, and I have my checking, savings, mortgage, auto loan, credit card, and home equity line of credit with my credit union. Their terms are better; their interest rates are lower; and they don’t routinely decrease credit lines. You can probably refinance with a credit union and get a better rate with little or no closing costs.

  4. Reply
    May 1, 2011 at 4:28 am

    Fire them. Pay off EVERYTHING and use CASH.

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