• Report: #632691
Complaint Review:

Bank Of America

  • Submitted: Wed, August 18, 2010
  • Updated: Fri, August 27, 2010

  • Reported By: James — West Covina California United States of America
Bank Of America
P.O Box 513609 Los Angeles, California United States of America

Bank Of America BofA Bank of America Took My Rent Money and My Daughter and I Could End Up Living On the Streets! Los Angeles, California

*Consumer Comment: James, Make sure to watch the video that Bman provided in one of the consumer comments. Simply 'Google' this- INDYMAC BOYS GET SWEETHEART DEAL, and watch it....

*Consumer Comment: Of Interest...

*Consumer Comment: Coast, If you 'Google' this- DOUGLAS REED- THE CONTROVERSY OF ZION- INDEX- SITE BY KNUD ERIKSEN, and read 'Chapter 17' of that book on the web....


*Consumer Comment: Coast, the banks hold PLENTY of blame..

*Consumer Comment: Bman, Don't blame the banks

*Author of original report: awww...

*General Comment: awww

*Consumer Comment: Stacey, Don't forget to go to the FUEL FREEDOM INTERNATIONAL page of this site and read what was posted exactly 3 years ago today! It's at the 8-21-2007 Update entitled- "Blame it on a Lawyer"....

*Consumer Comment: here we go again

*Consumer Comment: Notorious Policies the Destroy People's Lives...


*Author of original report: You Would Think...

*Consumer Comment: It's a tough world

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     I have been banking with Bank of America for years. I've had several checking accounts with them as well as a couple of credit cards (one personal and one business). I'm in California and am a home loan officer by trade. Needless to say, the real estate market here has been in the dumps for the last few years and I haven't made very much money in the last 3 years. When all my income dried up, I managed to keep paying all my bills and maintaining excellent credit for 2 years. Finally in July of last year (2009), I just couldn't keep it up. I had to stop paying my credit cards. This resulted in Bank of America charging off the account back around April of this year.
I have been squeaking by right now on about $700-1100/month. I'm even collecting food stamps and my daughter and I are currently on Medi-Cal. So my checking account rarely had more than a few hundred dollars in it at any one time. I managed to put together a deal that netted me about $2,900 and I deposited it into my checking account and immediately used it to start paying some bills, including my rent for July (I'm behind right now). I deposited the check on Friday and on Monday there was an $1,144 debit in my account! They took everything except the checks that has already cleared and they left me with a measly $100 in my account! This has caused me an extreme financial hardship. My rent check was also written against this account for $860. Now my rent check won't clear and my daughter and I potentially could be living on the streets!
      I know in England, where our law of setoff descends from, they are not allowed to take the money to satisfy a "non-priority" unsecured debt if it causes hardship to the consumer in paying their "priority" bills such as utilities, mortgage, rent, etc. - basic necessities to live kind of stuff.  Here in the United States though, the BIG Banks can do whatever they want even if it means putting families with children out on the streets!!!

This report was posted on Ripoff Report on 08/18/2010 08:05 AM and is a permanent record located here: http://www.ripoffreport.com/reports/bank-of-america/los-angeles-california-90051-9931/bank-of-america-bofa-bank-of-america-took-my-rent-money-and-my-daughter-and-i-could-end-up-632691. 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

James, Make sure to watch the video that Bman provided in one of the consumer comments. Simply 'Google' this- INDYMAC BOYS GET SWEETHEART DEAL, and watch it....

AUTHOR: Karl - (USA)

on the web.

It's further proof that the U.S. Government is ultimately being controlled by the Federal Reserve, wouldn't you agree?

1) If you 'Google' this- WHO OWNS THE FED?, and go to the site with the 5 charts, you can see that banks & bankers are the ones listed in 'Chart 1', right?

2) Now 'Google' this- ORIGINAL DISSENT WHO CONTROLS THE U.S. ECONOMY?, and go to that site and take a look at everyone pictured there. Many are bankers, correct?

Question: If they (the bankers) control the U.S. Economy & the U.S. Government, isn't it safe to assume that they also control, or indirectly control, the U.S. Military?

The war/wars that are going on in the Middle East are simply a continuation of a war that's been going on for over 2,000 years, in my opinion. The ones who control the U.S. Economy & the U.S. Government want to control those areas and the TRILLIONS of DOLLARS in OIL in Iraq, and the TRILLION DOLLARS of MINERALS that lie beneath the ground in Afghanistan, in my opinion.

Make sure to 'Google' this- MINERALS IN AFGHANISTAN WORTH $1 TRILLION U.S. SAYS, and read the related articles on the web.

To sum it all up, the USA is being controlled by a cartel of bankers who are out to gain control of as many areas on the globe that have the potential to keep all of their related companies in business.

**************************** ADDITIONAL INFO ****************************

*Look at who's listed in 'Chart 3' at the site mentioned above at #1. (WHO OWNS THE FED?)

Exxon Corporation & Minnesota Mining & Mfg Co (3M).

Also keep in mind that General Motors & Chrysler Corp. appear in that same chart, right? Both companies received TENS of BILLIONS of dollars in TAXPAYER'S money to keep them from collapsing, correct?


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#2 Consumer Comment

Of Interest...

AUTHOR: Bman - (United States of America)

Watch this one:

And thanks for the stupid comment directed at me about my being at fault for what the banks do to us all?
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#3 Consumer Comment

Coast, If you 'Google' this- DOUGLAS REED- THE CONTROVERSY OF ZION- INDEX- SITE BY KNUD ERIKSEN, and read 'Chapter 17' of that book on the web....

AUTHOR: Karl - (USA)

it should help you to understand what is, and has been going on in the world for the past 2,000 years or so, okay?

Keep in mind that a "Destructive Mission" doesn't necessarily have to be 'physical'. It could also be 'FINANCIAL', correct?

*Make sure to read 'Chapter 15' of that book too. What is stated at the very beginning of 'Chapter 15' is taking place right now here and all over the world. People are speaking-out unlike ever before. The difference is that the people now have the worldwide web, and nothing is going to stop them from speaking-out.

Ripoff Report and WikiLeaks are two good examples of how the people now have a voice unlike ever before. Years ago the ones who spoke-out against the 'big-shots' had to go out onto the streets, right?

We all know what might happen if a person takes their message to the streets, correct? The 'big-shots' might not like the message and violence could erupt. However, when people put their message onto the web there is no violence, no blood-shed, and the 'big-shots' can't order their 'puppets' to stop what's being posted on the web.

I believe that there was a man who took his message to the streets many years ago. The 'big-shots' of his day didn't like what he was saying. So they set him up and sent him to trial. They also manipulated the masses into believing that he was a sorcerer and a person who couldn't be trusted. He was found guilty of his 'crimes' and he was punished.

He was crucified 1,977 years ago.

*You can 'Google' this- SANHEDRIN TRIAL OF JESUS- WIKIPEDIA, and read all about it at that site. 

Thank You

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buying & re-financing homes at low interest rates, and at the same time they would become fabulously wealthy while the massive fraud took place, in my opinion.

Think about the following:

1) Who became fabulously wealthy as a result of all the ARM's & 'Interest Only Mortgages' that became available to the masses of Americans?

2) Who paid themselves LARGE bonuses during 2004, 2005, 2006, 2007, & 2008, when the masses of Americans were buying & re-financing their homes?

3) Who was responsible for the low interest rates, which were the catalyst of all the ARM's & 'Interest Only Mortgages' that millions of Americans fell prey to?

*If you're not sure of the answer, simply 'Google' the following and go to those sites and take a look at all of the names of the people and the companies that are listed-



Guess what? 

*The 'trick' that they played on the masses of Americans worked, and they all became FABULOUSLY WEALTHY as a result, wouldn't you NOW agree?

Thank You

Quote: "The truth was obscure, too profound and too pure; to live it you have to EXPLODE." - Bob Dylan
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#5 Consumer Comment

Coast, the banks hold PLENTY of blame..

AUTHOR: Ronny g - (USA)

Now don't get me wrong, I agree if people do not pay off loans it can certainly have a negative effect on the economy..I mean someone has to pay eventually. But I place the blame on Wall Street and deregulation for the mess we are in more then a hard working American who simply wanted a piece of the American pie, and was approved for a loan they could not possibly ever re-pay.

I could probably write a 600 page thesis on this...but I will copy and paste this article from Yahoo finance dated Oct, 6 2008 written by Ben Stein which edits it down quite brilliantly and factually.


1) Have a fiscal policy that creates immense deficits in good times and bad, burdening America's posterity with staggering burdens of repaying the debt.

2) Eliminate regulation of Wall Street and/or fail to enforce the regulations that already exist, instead trusting Wall Street and other money managers and speculators to manage other people's money with few or no regulations and little oversight.

3) Have an energy policy that disallows producing our own energy and instead requires that we buy energy from abroad, thus making our oil prices highly volatile and creating large balance of payments deficits, lowering the value of the dollar and thus making the problem get progressively worse.

4) Have Congress mandate that banks and other financial entities lend money to persons they know in advance to have poor credit ratings or none at all.

5) Allow investment banks, insurers, and banks to bet their entire net worth and then some on the premise that borrowers known to be improvident will in fact repay those loans.

6) Allow the creation of large betting pools called "hedge funds" that can move markets and control the outcome of trading, thus taking a forum for savings and retirement for families and making it into a rigged casino game that exists primarily to fleece suckers like ordinary working men and women.

7) Have laws that protect corporate officers from being sued for misconduct but at the same time punish lawyers in the private sector who ferret out such misconduct and try to make accountable the people responsible for shareholder and investor losses. If one of those lawyers gets particularly aggressive in protecting stockholders, put him in prison.

8) Appoint as head of the United States Treasury Department a man whose whole life was spent on Wall Street, who became fantastically rich through his peddling of junk bonds at his firm while the firm later sold short those same sorts of bonds.

9) Scare Americans into putting up $750 billion of their hard earned money to bail out the billionaires and their friends who created the market for loans to poor credit risks (The "subprime" market) and the unbelievably large side bets on those loans, promising that such a bailout would save the retirement savings of Americans, then allow the immense hedge funds to make the market crater immediately afterwards.

10) Propose to save the situation by surtaxing the oil industry, which is owned by our fellow Americans, mostly in their retirement plans, thus penalizing Americans for investing in companies that efficiently and legally produce an indispensable product.

11) Insist that the free market requires that banks and insurers with friends of the Secretary of the Treasury be saved but allow other entities not so fortunate to fail, thus creating total uncertainty and terror among financial institutions, and demolishing all of the confidence built up in financial circles since the days of FDR.

12) Then have the Republican candidate say he would keep on the job the Treasury Secretary who facilitated the crisis, failed to protect the nation from the crisis, got the taxpayers to pony up to save his Wall Street buddies, and have the Democratic candidate, as noted, say he would save the day by taxing the stockholders of energy companies.

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#6 Consumer Comment

Bman, Don't blame the banks

AUTHOR: coast - (USA)


Don't blame the banks. You damaged your own credit rating. Yes, banks do have the right to profit from loans. You blame the banks for destroying the economy. WRONG! Borrowers failing to pay back loans damaged the economy. All credit unions and banks will report you as a credit risk if you fail to meet your obligations to repay. Your comment is nothing but hot air.
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#7 Author of original report


AUTHOR: pagejames - (USA)

Yeah, I got that, Bill.  I hear ya on that one.  Must be hell when your biggest problem is when you can't stand the color your wife wants to paint the interior of your newest yacht!

And please don't turn this forum into an argument over stocks and poems.  If you guys need to hash out your obvious feelings for each other, please get a room or something.
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#8 General Comment


AUTHOR: Bill d - (U.S.A.)

awww---poor you--you don't make much money and are finding it hard to scrape by--what about the big bank you owe money to who has money??--what about that ceo who wants to buy that new 200 ft yacht??--and your whining about paying rent??--what is wrong with you??---i hope you realize i am being sarcastic
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which is 'Consumer Comment #3' posted under Ripoff Report #269041.

Read that comment and pay close attention to the last thing stated on 8-21-2007 when the Dow Jones was over 13,000 points.

Quote: "Get ALL of your money out of the stock market now! The Collapse HAS been triggered!!!!"

Stacey, It all came true, didn't it?

Thank You
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#10 Consumer Comment

here we go again

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

with Karl and his stupid google this, poems and crap - no one cares what you think and many have told you to go away so GO AWAY!
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#11 Consumer Comment

Notorious Policies the Destroy People's Lives...

AUTHOR: Bman - (United States of America)

I have been through the same and have complained about two entities in detail. One is FIA CREDIT SERVICES (a credit card company owned by BofA), which is on top of the heap of unsavory jerks running the credit card industry. I have also experienced a deposit scandal perpetrated by QUICKEN LOANS. I too had to pay bills when I did not know when I could eat, and the banks simply did not care and heaped fees on top of fees and ruined my credit rating. I am recovering after a long stint lasting from 2009. The big banks are nasty pigs masquerading as business people. They look clean and use happy people in their advertising, but are filthy entities that leave a trail of destruction in their wake. I am angry when they maintain it is their RIGHT to make a profit, which is to use our money then deny us credit and loans. They are destroying the economy by holding back money that they could easily loan. It is an insidious business that keeps people living in servitude to them - that is what they want. Once one big bank does something reprehensible the other banks seem to follow right behind. This is deregulation at work. I find most big businesses are working against the public and providing the least service possible as they raise our rates. I suggest joining a credit union ASAP, or find a small bank that welcomes you as someone that is valued, not as someone to feed off of like a vampire. Watch few films that will help explain what you are dealing with, for to be successful in this financial war you must know the enemy. The films are THE CORPORATION, MAXED OUT, and THE END OF POVERTY? They probably can be found in a public library.

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of the U.S. economy", correct?

However, they did NOT alert the American people about it, isn't that right?

*Anyone in the world can 'Google' this- STEAK DINNER POEM, and go to Ripoff Report #529757 and read an EXACT copy of the letter that was hand-written and mailed to their corporate headquarters in New York on 9-12-2007, right?

And anyone can go to the RICHMOND TOYOTA page of this site and go to Ripoff Report #271771 entitled- "Richmond Toyota Biggest Joke I've Heard in years Richmond Indiana", and see the addresses to the ones in New York, Dateline NBC & 60 Minutes, who were sent a copy of that letter, correct?

Read 'Consumer Comment #1' under Ripoff Report #271771 and pay close attention to the date it was posted. Then read the other 'Consumer Comments'.


******************************** NBC ALERT ******************************

*Make sure to 'Google' this- WHO OWNS THE FED?, and go to the site with the 5 charts and take a look at whose name appears in 'Chart 5'. General Electric (NBC).

Thank You

P.S. The Dow is down another 115 points at 11:59 EST today, August 20th 2010.

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#13 Author of original report

You Would Think...

AUTHOR: pagejames - (United States of America)

     I know what you mean.  From an objective point of view, it would seem common sense, but I've gone on for so long not making very much money and still banking with BofA, I got lulled into a false sense of security.  It's been three years since I've had any reasonable income and I continued banking with them with no problems.  Stupid me, I know!  I didn't realize that a setoff even existed.
     Lesson learned, but I'm still trying to find a way to get back at least my rent money.  They can keep the difference.

Thanks for the reply
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#14 Consumer Comment

It's a tough world

AUTHOR: coast - (USA)

I'm surprised that you didn't expect BoA to take the money that you owed them.
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