- Report: #238659
Report - Rebuttal - Arbitrate
Complaint Review: MBNA Gold Option
MBNA Gold Option100 N. King Street Wilmington, Delaware U.S.A.
MBNA - Bank Of America ripoff False advertisement changed APR immediately and Liars by phone Wilmington Delaware
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I called to confirm what was advertised. I was told the rate was fixed and would be for 72 months. The only thing that could change this was a late payment. I completed the transaction the same day by phone.
After the first or second bill, I noticed the rate had increased to 14.99%. I called and asked them about this. The said it was never a fixed 5.99% "loan". They don't do loans.
In other words; someone lied to me. The monthly payment never increased, only the length of the "loan". Just recently the APR increased again. I have called several times and it does no good. I am at the end of my rope...Please help!
Lancaster, South Carolina
This report was posted on Ripoff Report on 03/09/2007 10:48 AM and is a permanent record located here: http://www.ripoffreport.com/r/MBNA-Gold-Option/Wilmington-Delaware/MBNA-Bank-Of-America-ripoff-False-advertisement-changed-APR-immediately-and-Liars-by-pho-238659. 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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