Bank of America, what a rip!

March 9th, 2009 Posted in Bank of America

Too many and too high of fees and interest especially if you fall behind in your payments. They are also not willing to work with you like other banks. My $500 maxed out credit card balance is now at $2500 in less than a year due to being laid off and unable to pay it. They also charge fees for the fees. (i.e. they charge you a late payment fee that puts you over your limit so they charge you a overlimit fee then they charge interest on all of it so they are charging me about $150 a month for a $500 credit card. What is that 350% interest? Thats worse than those payday loan places charge and they won’t even work with me on it.

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