“My credit check shows just how badly Bank of America has killed our credit scores! They don’t care how long we’ve been customers or how much money we make for them. They just don’t care….”
Banks do not care about you or me.
It’s all about profit…for them that is.
Below, check out Doug H’s anger toward Bank of America and American Express, showing just how far banks will go to protect their profits…regardless of your (and my) loss!
“I am 49 years old and have been employed since 1993, when I graduated from law school.
“My wife and I have lived in the same home since 2000. Neither my wife nor I have any late payments on any obligation we have had over the last 10 years or more.’
“We do, however, have a good deal of credit card debt, very nearly all of it at 4.99 percent interest or less. Our annual household income is over $90,000 and our total monthly debt payments, including my student loans, our credit cards and our mortgage, is about $2,400. My wife’s credit score was about 720 and mine about 690.“
“A few months ago, Bank of America advised rather abruptly that it was cutting our cards’ credit lines by a total of about $30,000. This increased our credit utilization ratio rather dramatically, and it has begun affecting our credit scores. “
“My wife’s score has dropped by more than 50 points and mine by an even greater amount. In turn, I believe other credit issuers will begin cutting our credit limits. We just received notice from American Express, for example, that my wife’s card limit through them will be cut by over $5,000. No doubt actions such as this will further depress our credit scores.”
“As a consequence of their actions, my wife and I are seriously considering severing our relationships with Bank of America and American Express.”
Although this sounds like the proverbial cutting off of one’s nose to spite one’s face, I don’t know what else to do to express my displeasure with these companies other than discontinuing their opportunities to profit from my patronage.
– Doug H.
Of course, Bank of America is the only bank trying to steal more of your money…right? Of course, there’s nothing you can do to prevent this theft or get your money back…right?
Click Read More below to stand up for yourself and get your money back.
Baffled, people call and email every day, sharing a similar horror. “What happened to my credit? I did nothing wrong!”
Here’s a “checkout surprise”:
“My American Express credit line got cut down to less than half the credit limit from $10,000 to the current balance I had at the time. I found out about it when I went to do a $33 purchase and was told it did not go through. I said, “Something is wrong,” and we called, and then I was informed by AMEX that the credit limit got lowered due to a report from the credit bureau. I found out a week later — by pulling my report from three bureaus — that was incorrect because they did not pull credit through any of the three bureaus. There had been no inquiries, and my payments had always been on time and I always paid 50 percent more than the amount due. — Pujols
“…What I learned from this experience is never to let the credit company bully you into their nonsense of “protecting you from fraud” story. I did not buy it; instead, I stood up for myself and blasted her with crucial information.” – Sharon
Suggestions for you to avoid getting squeezed or for you to get your money back:
- Review your credit reports regularly.
- Review your statements regularly…all bank and credit card statements.
- Stand up for yourself…don’t let bankers steal your money. Kindly call them & request they refund your money they stole from you. If that doesn’t work, use the letter my friends, customers & I use regularly to help the banks do what is right. It’s not just a letter. What you say, how you say it, to whom you send the letter & how you send the letter is what gets results.
- Be informed…this is a new world with more and more “thieves” trying to pick your pocket.
Bank of America is not alone in wanting more of your money. Every bank wants your money. Every bank is raising rates and cutting limits, regardless of the damage their careless greed causes you. What is your experience with a bank trying to steal your money? Go below to tell us your story.
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