What happened to us, can also happen to YOU!
Read our complete story along with other families who have been ruined by similar problems www.BankingDisasters.com
This is my story:
I am a dissatisfied ex-client of Bank of America.
As I kept my personal accounts with BOA, and had not experienced any problems, I opened my business account with them as well. My business was doing well, and I took out a bank of America visa business card.
Shortly after, my business slowed down, as most businesses do. The business card had a balance of just over $14k. For just over 3 months I was not able to make a payment on the boA Visa card, and had no funds available in my bank of America business checking account. My Personal checking account had just over $8k and another $2k in my personal savings account. My wife had cashed out her 401k so we could pay for our daughter’s upcoming surgery.
I received a one (yes just one) call from the bank of America’s collection department. They wanted to work out a payment plan. I let them know that I was just going through some difficult times and was not able to structure a repayment at this moment.
Sure there was about $10k in my personal accounts, but to me my daughter’s surgery was more important. The $10k, along with selling my car was going to cover her surgery.
Well Bank of America REMOVED ALL THE MONEY from my Personal accounts (both savings and checking) to payoff the business credit card.
So we called bank of America. The call was redirected to a representative of bank of America who identified himself as Tobias Thompson. He said that boA had taken the funds to collect the debt on the bofA business credit card. Tobias said that bank of America had every right to remove these funds as it was in the terms of business agreement Must have been in tiny print). I have read it and still can’t find where Bank of America can take money from my personal account to payoff a business credit card. We even explained to Tobias how the funds in the personal account were for our daughter’s surgery, and that is why we were not able to make payments on the business card.
They didn’t care!
Either ways, I found a way to get back at bank of America. I made a blog and guess who is paying me for expressing my negative opinion of them? Yep you are right! bofA, they have pay per click advertising on my page.
Read our complete story along with other families who have been ruined by similar problems www.BankingDisasters.com
To those of you who are about to tell me to stop crying.... I am not crying! If you knew me, you would know I don't cry. But I will find a way to get back. If you are smart, you can figure out what I am doing. I am getting paid by bank of America to express my negative opinion of them. Visit my blog and find out how www.BankingDisasters.com
Little by little I plan on gathering information to compile an excellent case as to why bank of America was not allowed to remove these funds, and hopefully gather enough publicity and others who this has happened to, in order to file a class action suit against bank of America. If you know of any others who this has happened to, or you are an ATTORNEY who would consider taking my case (pro bono) please contact me.