• Report: #365992

Complaint Review: FIA Fka MBNA Also Affiliated With Bank Of America

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  • Submitted: Fri, August 22, 2008
  • Updated: Thu, October 23, 2008

  • Reported By:Asheville North Carolina
FIA Fka MBNA Also Affiliated With Bank Of America
www.ibsnetaccess.com Internet U.S.A.
  • Phone:
  • Web:
  • Category: Banks

FIA Fka MBNA Also Affiliated With Bank Of America FIA/MBNA/BOA are unscrupulous and predatory creditors and have no regard for their good customers Charlotte Internet

*Consumer Comment: Here's how you get the $1000 of available credit.........

*Consumer Comment: PERHAPS THE ENTIRE BANKING SYSTEM IS COLLAPSING AND...

*Consumer Comment: Hardship Needs

*Consumer Comment: Susanna, Carol Ann is wayout there on this one! Do NOT listen to her!!

*Consumer Comment: Susanna, Carol Ann is wayout there on this one! Do NOT listen to her!!

*Consumer Comment: Susanna, Carol Ann is wayout there on this one! Do NOT listen to her!!

*Consumer Comment: Susanna, Carol Ann is wayout there on this one! Do NOT listen to her!!

*Consumer Suggestion: Suggestions For Help

*Consumer Suggestion: Suggetions For Help

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I am employed as a mortgage loan underwriter for a local bank, so I am fully aware of how credit cards and other debts work and how to read credit reports and other financial documentation. I own 4 visa/mastercards. Unfortunately for me, 3 of those 4 cards are now owned by FIA fka MBNA and also affiliated with BOA now. Today, quite by accident, while paying one of the bills online, I realized ALL my cards with this company have had their credit limits reduced all the way down to my balance on each card. I have not received any emails, any letters, or any phone calls about this matter. I immediately called to find out what kind of problem had occured. To my utter shock and dismay, I found out that due to "periodic reviews" every single one of my cards had had its credit limit reduced due not to bad credit, which I don't have, but to my large debt load.

I dont know about you all, but in my mind, if I have alot of debt, but have ALWAYS paid on time, wouldn't that make me a GOOD credit risk? As a bit of history, one of these cards I have had since I was 19 yrs old, that is 24 years without a single late payment. This same card, has only had a balance for the past 7 or 8 months, when I took advantage of a 4.9% promotional rate to transfer a balance from another card. This card, had a credit limit of $19,500. It now has a credit limit of less than 100.00 over my current balance that I had transferred. The second card, also never late, was obtained 16 years ago. The third card, a BOA card, I have had since 2004. I also have a second mortgage and a checking acct with BOA so I am a long standing customer.

If anybody was a good credit risk, it was me. I have been on my job 6 yrs and am a homeowner in my 40's. According to a woman who was supposedly a supervisor, They are trying to keep me from charging any more to my "debt load' and supposedly doing me a favor. Why should I have to worry about being "denied" for my credit line every 6 months for cards I have owned and paid on time with for as long as 24 years???? When did I give them permission to pull my credit like that every 6 months??? And how in the world can they justify that I am a credit risk when I have NEVER been late on any acct on my credit report ever??? What they don't realize is, I now have absolutely no way of charging a rental car in an emergency, getting my car repaired in an emergency, paying for emergency dental work, paying for airline flights in case a relative dies out of state, or any other emergency related sudden expenses. Between the 3 cards I had a credit limit of $45,000. I was nowhere near the maximum on any of these cards.

Because I am the caregiver of my disabled father (in a wheelchair) and my 105 yr old grandfather, as well as my disabled husband and a 12 yr old son, it is an absolute necessity that I have a visa card in case of emergencies. An additional detriment is that due to my balances being the same as my limits, my credit score is going to be hit tremendously and probalby go down at least 100 points. So I can't even get a home equity loan at this point to pay these crooks off!!! Why should I bother to pay bills on time when they are going to do this to me? They have absolutely put me in a huge precarious situation. If any emergency comes up, I have no way of charging anything.

These companies are absolute crooks and unscrupulous. I don't care if what they are doing is legal or not. If it is legal, the laws must be changed now!!!!!!! This amounts to abuse and they should be taken to court and be made to reimburse me for the stress and horrible financial situation that they have placed me in when I was a good customer. A good customer should not be punished for the mistakes of OTHER customers who were late and owe these people money. This is WRONG WRONG WRONG and must be stopped!!! I need help badly! Can anyone refer me to a class action lawsuit or a lawyer who might be able to at least get me my credit limit back on at least one of my cards? I have tried and they completely refuse to even give me 1,000 available on one card. Im terrified they have put me in a situation that I won't be able to take care of an emergency if I need to and we have all these disabled and elderly people in my home. This is just completely immoral!

Susanna
Asheville, North Carolina
U.S.A.

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This report was posted on Ripoff Report on 08/22/2008 07:54 PM and is a permanent record located here: http://www.ripoffreport.com/r/FIA-Fka-MBNA-Also-Affiliated-With-Bank-Of-America/internet/FIA-Fka-MBNA-Also-Affiliated-With-Bank-Of-America-FIAMBNABOA-are-unscrupulous-and-predat-365992. 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

Here's how you get the $1000 of available credit.........

AUTHOR: Ex-combined Sucker - (U.S.A.)

Pay your balance down. Very simple, then you will have that room under your credit line. If you can't pay that down, then the bank was probably correct in lowering your credit line------sounds like you don't need to borrow any more money if you're having a time paying what you already owe.
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#2 Consumer Comment

PERHAPS THE ENTIRE BANKING SYSTEM IS COLLAPSING AND...

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

WE DON'T EVEN KNOW IT, correct???

It IS possible, isn't it? Just think, IF China was DEFRAUDED out of their $1.4 to $1.5 TRILLION investment that it had in the USA, the Banks, who made many of the MORTGAGES that might have been BACKED by China's money could be in DIRE STRAITS, right?

DIRE STRAITS, they were a Rock Band too, weren't they?

Anyway, it sure seems 'fishy' that BOA is doing this, huh? BOA bought Countrywide, didn't they?? Countrywide was COLLAPSING, right???? Hmmm!!!! Did you read the BusinessWeek Article about BOA yet? It's entitled- A CREDIT CARD YOU WANT TO TOSS (you can 'Google' it!), it's about BOA!!!!

It sure looks as though some 'Hanky Panky' has taken place by someone, right?????

'Google' this- BERNANKE HE INHERITED A BIG PROBLEM WAS IT DUE TO ANY HANKY PANKY, and that will take you to a 'Toyota Ripoff Report' that has 'FED POEM' as one of the 'Updates' to that Report!!

Just think of the PEOPLE like YOU who had GOOD CREDIT and can NO LONGER USE their cards in EMERGENCIES, like the HURRICANES that are affecting the Gulf coast!! Another one is headed to the Gulf by Saturday of this week, correct?? What IF a person NEEDED to use that credit card for an EMERGENCY like this??!!!!

It sure seems as though some MASSIVE 'Hanky Panky' has been going on, wouldn't you agree????!!!

Welcome to America- In Fraud We Trust!!!!!

'Only a pawn in their game.' - Dylan

'The grand facade, so soon will burn.' - Peter Gabriel

'We're starting up a BRAND NEW DAY!' - Sting

'I guess that this Update is over
My shrimp cocktail's on ice, it's a chillin'
Just listened to Sting and Peter Gabriel
Hey honey, why don't you put on some Dylan.' - Last quattrain to; 'FED POEM'

Write a poem- they'll all know 'em!!!

Good luck to you!!!!
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#3 Consumer Comment

Hardship Needs

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

Ask the credit people about options for caregivers for disabled individuals. Why? Because they may have options for you to consider.

This is important to have folks. Why? Ever see the cost of a wheelchair, a wheelchair transport service or needed in-home nursing care? Its expensive!

I'm currently helping my 80 something Mom and its really hard at times to live without a credit card available. Even with insurance, medicare, supplemental insurance its still expensive.
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#4 Consumer Comment

Susanna, Carol Ann is wayout there on this one! Do NOT listen to her!!

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

Susanna,

First of all, I have experienced the same things you have, and I was insulted and upset as well, however, it was a long time ago, and I got over it.

Second, DO NOT listen to this Carol Ann freak from Las Vegas as she is obviously on some good meds. That IRS form she referred you to is simply an information referral form which is used to turn someone in for tax fraud.

I did not see anything in your complaint that indicated you said anything about tax fraud. On the other hand, there is no basis here for any type of class action lawsuit as you suggested, as there is nothing illegal here.

Anyway, here's what's happening with your credit situation. Most of it has nothing to do with you personally, although the fact that you "need" to have credit available is the first sign of impending troubles for you.

Credit cards are in record default right now, and these companies are simply limiting thier risk of loss. They have that right, whether you agree with it or not. You do NOT have a "right" to a certain amount of credit.

You really should pay down some of that debt anyway. If you are carrying large amounts of credit card debt, you are in financial trouble already, but just do not realize it yet.

Pay down those cards and learn how to live within your means.
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#5 Consumer Comment

Susanna, Carol Ann is wayout there on this one! Do NOT listen to her!!

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

Susanna,

First of all, I have experienced the same things you have, and I was insulted and upset as well, however, it was a long time ago, and I got over it.

Second, DO NOT listen to this Carol Ann freak from Las Vegas as she is obviously on some good meds. That IRS form she referred you to is simply an information referral form which is used to turn someone in for tax fraud.

I did not see anything in your complaint that indicated you said anything about tax fraud. On the other hand, there is no basis here for any type of class action lawsuit as you suggested, as there is nothing illegal here.

Anyway, here's what's happening with your credit situation. Most of it has nothing to do with you personally, although the fact that you "need" to have credit available is the first sign of impending troubles for you.

Credit cards are in record default right now, and these companies are simply limiting thier risk of loss. They have that right, whether you agree with it or not. You do NOT have a "right" to a certain amount of credit.

You really should pay down some of that debt anyway. If you are carrying large amounts of credit card debt, you are in financial trouble already, but just do not realize it yet.

Pay down those cards and learn how to live within your means.
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#6 Consumer Comment

Susanna, Carol Ann is wayout there on this one! Do NOT listen to her!!

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

Susanna,

First of all, I have experienced the same things you have, and I was insulted and upset as well, however, it was a long time ago, and I got over it.

Second, DO NOT listen to this Carol Ann freak from Las Vegas as she is obviously on some good meds. That IRS form she referred you to is simply an information referral form which is used to turn someone in for tax fraud.

I did not see anything in your complaint that indicated you said anything about tax fraud. On the other hand, there is no basis here for any type of class action lawsuit as you suggested, as there is nothing illegal here.

Anyway, here's what's happening with your credit situation. Most of it has nothing to do with you personally, although the fact that you "need" to have credit available is the first sign of impending troubles for you.

Credit cards are in record default right now, and these companies are simply limiting thier risk of loss. They have that right, whether you agree with it or not. You do NOT have a "right" to a certain amount of credit.

You really should pay down some of that debt anyway. If you are carrying large amounts of credit card debt, you are in financial trouble already, but just do not realize it yet.

Pay down those cards and learn how to live within your means.
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#7 Consumer Comment

Susanna, Carol Ann is wayout there on this one! Do NOT listen to her!!

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

Susanna,

First of all, I have experienced the same things you have, and I was insulted and upset as well, however, it was a long time ago, and I got over it.

Second, DO NOT listen to this Carol Ann freak from Las Vegas as she is obviously on some good meds. That IRS form she referred you to is simply an information referral form which is used to turn someone in for tax fraud.

I did not see anything in your complaint that indicated you said anything about tax fraud. On the other hand, there is no basis here for any type of class action lawsuit as you suggested, as there is nothing illegal here.

Anyway, here's what's happening with your credit situation. Most of it has nothing to do with you personally, although the fact that you "need" to have credit available is the first sign of impending troubles for you.

Credit cards are in record default right now, and these companies are simply limiting thier risk of loss. They have that right, whether you agree with it or not. You do NOT have a "right" to a certain amount of credit.

You really should pay down some of that debt anyway. If you are carrying large amounts of credit card debt, you are in financial trouble already, but just do not realize it yet.

Pay down those cards and learn how to live within your means.
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#8 Consumer Suggestion

Suggestions For Help

AUTHOR: Carol Ann - (U.S.A.)

You and Many others are Victims of Bank of America. Download Form 3949A from Internal Revenue Service. Fill it out and make a copy for yourself, send it to them Via Certified Mail. File a Complaint with your local Attorney General's Office, Federal Trade Commission and also with FBi/submit a Tip and Secret Service by mail in Washington, DC. They will all go through their books to find other people that have been their customers. You can also file a complaint with The Postal Inspectors and Stop paying your bills online. It is not safe! Good Luck.
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#9 Consumer Suggestion

Suggetions For Help

AUTHOR: Carol Ann - (U.S.A.)

Download form 3949A from IRS, fill it out and make a copy for your records. Send it via Certified Mail. You can rest assured they will go through their books and find other Customers that have had the same problem. You can also Report it to Federal Trade Commission, Secret Service and the United States Postal Service Inspectors who will be more than happy to help you! Good Luck
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