• Report: #739171

Complaint Review: Bank of America

  • Submitted: Fri, June 10, 2011
  • Updated: Mon, June 13, 2011

  • Reported By: BobDoro — Plymouth Michigan United States of America
Bank of America
North Carolina Nationwide United States of America

Bank of America BoA trashed us even though we have perfect credit and pay our bills Wilmington, Nationwide

*Consumer Comment: WEINER SONG 5

*Author of original report: Flynrider

*Consumer Comment: WEINER SONG 5....

*Consumer Comment: BobDoro,

*Consumer Comment: Risk management.

*Consumer Comment: Karl your an idiot

*Consumer Comment: BobDoro,

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We received notice that our Home Equity Line of Credit was closed due to a "substantial decline" in comparable property values.
This is a mistake, the line of credit was opened less than a year ago and property values in our neighborhood have actually risen slightly or at least have stabilized.  For certain, they haven't dropped 30% in a year, that's just absurd.
We have no idea where they got their data from and they won't tell us. We can only assume that the individual doing the assessment was lazy and was cutting corners or maybe is simply unqualified to do this work and doesn't understand the data they are looking at.  
We are not the typical spend-beyond-your-means people that created the financial mess our country is embroiled in.  Rather, we live within our income, carry no balances on our credit cards, pay our bills on time, have only one car loan and actually have money in the bank.  Further, their form letter was insulting and suggested we were behaving irresponsibly.

My wife, who is always professional and patient called them and got some sniity youg girl in customer service who basically told her that don't give a d**n whether we remain customers or not.

This report was posted on Ripoff Report on 06/10/2011 09:53 AM and is a permanent record located here: http://www.ripoffreport.com/r/Bank-of-America/nationwide/Bank-of-America-BoA-trashed-us-even-though-we-have-perfect-credit-and-pay-our-bills-Wilmi-739171. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.

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#1 Consumer Comment


AUTHOR: Karl - (USA)

(Please sing to the tune of- "I Just Called To Say I Love You")

Anyone can 'Google' this- ROBERT'S MIDI JUKEBOX, and click on- 'Stevie Wonder- I Just Called To Say I Love You' and sing the following lyrics to that tune, right?

Here we go- 1, 2, 3...

No shirt no shoes
 Was it the booze?
The pictures circulate 
 Around the worldwide web.
Can't take them down
 You are a clown
Now you are getting grilled
 The tide begins to ebb.

Just had a towel
 Looks like a scowl
Country's concerned 
 It looks like all you guys are foul.
What's going on
 From dusk till dawn
Is hanky-panky all you think of all day long?

I just had to say you're goofy
 I just want to say that you're a creep 
I just had to say you're crazy
 Bet it's haunting you at nighttime when you sleep.


Anyone can 'Google' this- WEINER PHOTOS IN TOWEL, and read the related articles and watch the videos on the web.

Thank You


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#2 Author of original report


AUTHOR: BobDoro - (United States of America)


If I  am taking it personally because I understand that this is likely to have a negative impact on my credit rating.  I understand risk management, which makes this even harder to understand because we are not underwater even if we maxed out the HE line.  And since we have a long history of paying our bills, the risk drops even further.   

I am not a kook or a conspiracy theorist, but a guy I know who works in the finance industry who told me the following - I welcome BoA to rebut this because I know it sounds crazy.  He says what happened to us is going on all over town with BoA because they are trying to weed out the customers who pay their bills. They make more money from the people that can't manage their finances then from those of us who do.  We never have late charges or extra finance fees and these are the cash cows for BoA.  Further, the slow/bad payers are not only more profitable but BoA hopes they will default because they can then turn the bill over to the taxpayers and reap huge profits by charging the taxpayers legal fees, late fees, answering the phone fees, etc.   
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#3 Consumer Comment


AUTHOR: Karl - (USA)

will be submitted soon at this Ripoff Report in the consumer comments section. The lyrics came to me on Sunday morning while I was mountain biking. There were lots of beautiful mountain flowers in full bloom. 

Have a delightful Sunday.

***IMPORTANT: Make sure to read this Ripoff Report and spread it all over the web at sites like Twitter & Facebook!

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#4 Consumer Comment


AUTHOR: Karl - (USA)

The bankers obviously realize how bad things are, and they are preparing for what's to come. Here is what's to come-

A severe Recession, or possibly a Depression, is what's coming in the USA. The chances of a severe Recession are 100%, in my opinion. The mortgage/foreclosure mess is a lot worse than people, and even economists, realize. The ones who created this mess (bankers) have a lot more knowledge regarding how bad things really are. That's why your 'Home Equity Line of Credit' was closed, in my opinion. It's also why credit card interest rates were raised for millions of people in the USA, for no apparent reason.

You can 'Google' this- A CREDIT CARD YOU WANT TO TOSS, and read the BusinessWeek article from February 2008 about how Bank of America suddenly raised interest rates on their cardholders. Then type in 271454 at this site and read Betty's Ripoff Report from August of 2007. Her rate went from 10.99% to 32.44%, and she had good credit.

Here is how a 'Depression' could happen: If the USA continues to stay in Iraq and in Afghanistan, there could be an uprising in that region by the people of Iraq, Afghanistan, and Pakistan. Pakistan has about 100 nuclear weapons that could be used, if things reach a boiling point. It appears to me that someone WANTS THIS TO HAPPEN.


*Because this would be a perfect way to BLAME SOMEONE ELSE for all the problems that are taking place in the USA and in Europe. There is no way that the U.S. debt/deficit problems will be solved, in my opinion. There is also no way that Europe's debt/deficit problems will be solved, in my opinion. Any type of nuclear attacks in the Middle East, or anywhere else on the globe, would trigger the collapse of all stock markets in the world. It would also send all economies into a free fall, creating a Depression in the USA and in Europe, which would also create a worldwide Depression.

If you simply take a look at what's happening, you'll be able to see that the above could take place soon. Our country is being controlled by some of the most corrupt and greedy individuals on this planet, in my opinion. The politicians in the USA and in Europe are simply PUPPETS, who will do whatever their 'master' tells them to do.

If you don't believe any of the above, simply ask yourself this question:
1) Why didn't any of our politicians in the USA see the collapse of the U.S. economy and the stock market crash coming back in 2007?

Answer: They all work 'for' the people who caused the collapse of the U.S. economy and the stock market crash.

Simply 'Google' this- FRONTLINE: INSIDE THE MELTDOWN, and watch it on the web for proof. Then 'Google' this- FRONTLINE: THE WARNING, and watch that documentary too.

Thank You

P.S. Almost all of the 'stimulus' money and 'bail-out' money, which came from the TAXPAYERS, was used to keep Wall Street and the U.S. government afloat, right? Wall Street and the U.S. government are the problems! By keeping the 'problems' alive, it creates more PROBLEMS, wouldn't you agree?
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#5 Consumer Comment

Risk management.

AUTHOR: Flynrider - (USA)

   You're taking this too personally.   The decision has nothing to do with the price of housing in your neighborhood.   Withdrawl of your credit line was due to the bank reacting to larger scale events.   Having learned a lesson a few years back, banks in general have tightened their risk management policies. 

   A year ago, housing prices in general seemed to have stabilized and banks started extending credit lines backed by residential real estate.   Unfortunately, the numbers over the past year indicated that residential real estate prices were still falling.  In reaction to that data, most banks have pulled back on open credit lines that are backed by residential real estate.   

  Ultimately, the it's the bank's decision when and how they keep lines of credit open.  It's their money. 
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#6 Consumer Comment

Karl your an idiot

AUTHOR: Doug - (U.S.A.)

Nobody here wants your advice and nobody wants to read your stupid comments. Please get back on your meds. You are the most hated person here. Take a hint.
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#7 Consumer Comment


AUTHOR: Karl - (USA)

You can make several copies of your Ripoff Report and mail them to the people who control the United States economy so they know what's going on, right?

Simply 'Google' this- WHO CONTROLS THE UNITED STATES ECONOMY BY MAJORITY 2010, and pictures of the people who control the U.S. economy appear in that video. I believe that the former IMF Chief appears in the video. You might not want to send him a copy because it looks like he has some other issues going on. 

You can 'Google' this- IMF CHIEF ARRESTED IN ALLEGED SEX ASSAULT, and read the related articles on the web.

Good luck to you.

*Write a letter- you'll feel better!
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