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  • Before applying for a Bank of America credit card, carefully consider the bank's questionable credit and lending practices
  • I believe it is an unfair lending practice not to allow us to pay an additional amount to pay off that portion of the bill

    • by MaggieC
      TRUSTWORTHY

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      Before applying for a Bank of America credit card, carefully consider the bank’s questionable credit and lending practices. Over a year ago it was necessary to get a cash advance from a credit card account we had with Bank of America.

      We understood that the funds would be charged a higher interest, yet we planned to pay it off


      as soon as possible.

      It was a situation where we needed a cash advance.

      But, what we discovered, we could not pay the balance of the cash advance off.

      Any payment we make on our account first goes to the charges with the lower interest.

      I even called the bank and asked them if we could give them ...


      • an additional payment, a lump sum to specifically pay off the cash advance.

        They said no.

        It was against their policy.

        Unless we paid off the entire credit card, we could not pay off the amount that was being charged high interest.

        And to make matters worse, that amount continues to get larger each month.

        I don’t

        understand why, because each month we pay more than the minimum amount due, and sometimes much more.

        But for some reason that amount of the cash advance keeps getting bigger and bigger.

        I believe it is an unfair lending practice not to allow us to pay an additional amount to pay off that portion of the bill.




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    The review was published as it's written by reviewer in March, 2009. The reviewer certified that no compensation was received from the reviewed item producer, trademark owner or any other institution, related with the item reviewed. The site is not responsible for the mistakes made. 422903650320831/k2311a0329/3.29.09
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