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Thursday, December 15, 2011 - 4:12 PM
(1 stars)
Worst Fraud Of A Bank
Bank of America
(1 stars)Boa will never again receive my business. My fiancé and I were applying for a home loan through a different lender and he had taken out a credit card with boa his freshman year of college. Why in the.world they issued an 18 year old with no credit and no job a 2500 limit baffels me to this day, however he made hits payments on time and more than the min balance. We were instructed by the lender to immediately reduce the ammount owed on the card, so we did. Immediately after paying down the card boa dropped his credit limit to 700 (12 more than what we had just paid it down to). This destroyed his credit score and pushed back our home buying process. We had never even received a letter telling us they were dropping it nor did we ever miss a payment or pay late. With a drastic pay increase and better credit then when the card was originally issued the dropping of his credit limit can be seen as nothing more than an attack bc they were not going to get all the intrest. I will never bank with boa ever again! Don't let then do this to you too, avoid boa, I know I will.
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