Bank Of America Credit Card Fraud ripoff Norfolk Virginia

I'm amazed by the number of folks who actually try to pay these Credit cards off.

When they changed the terms THEY voided the contract.

Simply don't pay them, write to the credit card company and state "These new terms are unacceptable, I DISPUTE THESE CHARGES (Magic phrase)

And then simply calculate your interest yourself, when you have paid off the loan at THE ORIGINAL INTEREST RATE, stop paying (Do not forget to include the interest that they charge on the interest, Ir's a huge sum)

What can they do?

They've already ruined your credit.

They've reported you to the credit reporting companies.

And as the sum remaining IS DISPUTED (again magic words) they can't collect.

Oh they'll try, turning the remaining sum over to a collection agent (Illegal for disputed, but they don't bother following any rules) and trying to jack up endless "Late" and "Overlimit" fees, just ignore them. They've already hurt you as much as they can.

You see credit cards are considered "Signature" loans, meanung there's nothing backing them up, such as when you get a home loan and the property is collateral, but "Signature" loans have NO collateral to go after.

That also means that they cannot Garnish salary, put a lein on your property, or all the other lies they will tell you that they "Can" do, (They Lie).

The best tactic I know of is that when the collectors call, state that there is no ammount Due, this is in dispute and then hit the 1 button on your phone, and hold it down (It screams in their ear) untill THEY have to give up.

I've also had good results by using the star 69 feature to recall the collectors, and let the 1 button trick scream in THEIR ears untill THEY again give up.

I actualy had one to put my telephone number on "Do not receive" to their office, a clear success.

Just use this tactic when they have nothing to collect, (Home, car, property, etc) and be sure to state "This is in dispute and unowed" EVERY SINGLE TIME THEY TRY TO FORCE PAYMENT OF THEIR THEFT.

That should put these thieves out of business shortly,

Do not "SIMPLY" stop paying as Jim's lame advice is to you. If you so this, you will never be able to receive credit from anyone again. If you follow Jim's idiotic advice then you will havbe to live off cash for the rest of your life because if BofA records these as charge offs they will never come off your credit and your score will never recover.

If you have followed the procedure for Disputing the charges within the time fram allowed, then contact your local authorities. I find it hard to believe that Bof A will ignore the dispute and not put it on the vendor charging you to prove it.

certainly can go after you for a signature loan. There is no collateral backing up the loan, but they can take a money judgment and garnish your wages, attach your bank accounts or file a docketed lien against any real estate you own (meaning if you try to refinance or sell the property, that lien has to be paid off in order to do so). The only thing they cannot due on an unsecured (signature) loan is come after you if it is discharged in a bankruptcy filing (since only liens agains collateral survive the bankruptcy discharge). You would definitely want to research the laws in your state before just not paying the debt.

First off, there's not contract broken if they change the rate. If you read most credit card contracts, there's always a clause in there that says that rates may change, and they usually do raise the rate if the card becomes delinquent. Not paying them is never the answer, unless you don't mind taking the credit hit and just want to let it charge off.

Like Angelina said though, it's not true that they can't garnish because it's unsecured debt. If the company takes you to court and get a judgment against you, they can garnish or attach a lien.

Disputing the charges is a good idea..but it gaurantees nothing. If you dispute and they find the debt legitimate, then it becomes an issue between yourself and the company that initiated the charges. Once a dispute is resolved, and if the charge is found to be legitimate..the CAN send the debt to collections unless you can offer further proof that it is not a legitimate charge.

"I've also had good results by using the star 69 feature to recall the collectors, and let the 1 button trick scream in THEIR ears untill THEY again give up."

What are we, 12 years old???

You deal with creditors like this and you'll be lucky if you can qualify to get a cell phone. There are proper ways to deal with these situations.

If the bank reports this to your report, you can dispute it with the bureaus, and if you're persistent enough, you can have it removed. But..to avoid further collection action, you must deal with whoever initiated the charges, possibly their bank as well. It's a process..but better to go through the process and get the money back than to close your eyes, beep the '1' key, and just pray. That may stop them from calling..but a simple cease and desist letter will stop them from calling too, and it's a lot more effective, and gives you grounds upon which to file harrassment charges.

Bottom line..don't listen to Jim...it's people like that who empower the agencies more, and think they've achieved some sort of victory.

I don't know where you work, but it sounds like the employees of a collection agency are posting furiously trying hard to scare folks into NOT fighting back. )How DARE you defend yourself)

In answer to your question, My credit is excelent, I currently hold cards with 6% and 7%interest, and after showing that I would not put up with their shit I began receiving card offers with very low rates and really high credit limits.

I also have had NO credit troubles since the incidents I told you about.

Fight back. They hate it. Turn their harrassment back against them.

Ever heard of the "Golden Rule" to treat others as you want to be treated, WE are treating them exactly as they treat us.

Think a little bit, the golden rule works in reverse as well, following the golden rule, if they harass you, then they WANT to be treated the same way.

They harass us, we return their same tactics back to them.

They don't like being treated the exact same way they treat us? Tough.