BofA Settlement at Less Than 30 Cents Per Dollar
I have 2 credit card accounts w/ B of A for a total of $30000.00. B of A has come to us with an offer to settle for $10900.00 and has further reduced that to $8900.00. They state the accounts are to be...
View ArticleChase Raises Minimum Payments On Credit Cards
Consumer Affairs – Thousands of Chase credit card customers have gotten some bad news this month. The bank has informed them that the minimum monthly payment on their accounts is being raised from two...
View ArticleBig Brother Credit Card
Other companies started cutting cardholders’ credit lines when charges appeared for pawnshops or marriage therapy because data indicated those were signs of desperation or depression that might lead to...
View ArticleGot a complaint against BofA? You’re on your own
LA TIMES – Consumer advocates have long maintained that one of the more unfair practices in the business world is a provision in many service contracts preventing customers from joining class-action...
View ArticleCredit Line Reduced
I had a BOA credit card with $20,500 limit. I called to dispute an auto warranty charge that was cancelled within the 30 day “review” period. The quick talking customer rep stated that with my long...
View ArticleCitibank Closing Accounts
MSNBC – Shannon Burdette tried to pay with her Shell Mastercard after filling up her gas tank this weekend but found the card rejected. Confused, she called the customer service line on the back of the...
View ArticleCapital One BUSTED By West Virgina Attorney General
Attorney General Darrell McGraw has sued Capital One Bank (USA), N.A. and four other companies in the Circuit Court of Mason County for unfair and deceptive acts and practices, unlawful debt collection...
View ArticleConsumers Paying Credit Cards Over Mortgages
Housing Wire – In what it is calling a historic trend reversal, credit score provider FICO, is seeing more borrowers with a high credit score preferring to pay their monthly credit card bill over their...
View ArticleFTC Shuts Down Debt Relief Firms
The FTC has settled two actions that charged marketers with deceptively claiming they could reduce consumers’ credit card interest rates. Both operations allegedly made deceptive telemarketing calls,...
View ArticleMeyer v FIA Card Services
OK, so from the looks of things here, old FIA Card Services hasn’t conducted a reasonable investigation into a consumer’s fraud claim per the Fair Credit Reporting Act. Big surprise??? NOT!!! As a...
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