primitives trashing Bank of America now

[franksolich]

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=389x5962476

Hmmm.

Weren't there a lot of Bankers of America who contributed substantial sums to put Ma and Pa Kettle in the White House?

MorningGlow  (1000+ posts)      Tue Jun-30-09 08:06 PM
Original message
 
Bank of America = Bastids of Amerikka

After 17 years with the same MasterCard, paid ON TIME every friggin' month (often more than the minimum, which of course is a "bad thing"), PLUS right now we're carrying a $13K balance on it (just...you know...life), those BofA pkhers just sent a notification that we're being switched from a fixed rate to a variable rate.
 
If I were a cynic (which, conveniently, I am, when it comes to corporations!), I'd bet it's because for the past few months we haven't charged much of anything on the card (intentionally) with the exception of a few items on iTunes and Amazon.

I will not take this lying down. Is it worth arguing with Bastids of Amerikka, or should I start shopping for a credit card with a company that would actually promise a fixed APR in exchange for a tidy sum of interest each month on $13K that isn't going to be paid off anytime in the near future?

The orange marmalade primitive, who seems to forget the bankers are on Pa Kettle's side, in Pa Kettle's corner, in Pa Kettle's pocket.  Doesn't the orange marmalade primitive ever read campaign finance reports?

marmar  (1000+ posts)        Tue Jun-30-09 08:10 PM
Response to Original message
 
1. I finally freed myself of Skank of America's shackles..... 

..... I'm now a credit union customer. May BOa, $hiti, CHASE the Dragon and AllsNotWells Fargo crash and burn.

Matariki  (1000+ posts)        Tue Jun-30-09 08:13 PM
Response to Original message
 
2. They suck.

What's the balance to credit limit like? They might have assessed you as 'high risk' if your balance is close to the limit. Not that that makes much sense - wouldn't charging more money put someone at an even greater risk of being unable to pay back the debt?

MorningGlow  (1000+ posts)      Tue Jun-30-09 08:23 PM
Response to Reply #2
 
10. They do indeed suck

We are FAR from reaching our credit limit, even with our hefty balance--they made sure of that, jacking up our credit limit repeatedly till we topped $21K in available credit, hoping we'd max out. (NO WAY!) Twisted and sick, but they want it that way.

regnaD kciN  (1000+ posts)        Tue Jun-30-09 08:25 PM
Response to Reply #2
 
11. They don't care about your ability to pay back the debt...

If they've rated you as "high risk," it means they've already decided you'll eventually go bankrupt, so their only concern is to grab as much as possible of what you've got before that happens.

The Kali primitive strolls over from her own bonfire about the subject:

Kali  (1000+ posts)      Tue Jun-30-09 08:15 PM
Response to Original message
 
3. no, they are screwing EVERYBODY this month

they just jacked my interest rate 10 ****ing %

I can suck it or I can quit using the card. Um you dicks, I can walk away too and then you won't get any of it (oh except when you go whining to congress/pres because you ****ed the whole world up)

ahem, sorry. they kind of got to me today

KamaAina  (1000+ posts)        Tue Jun-30-09 08:20 PM
Response to Original message
 
5. Deadbeat!

No, seriesly, that's what they call those of us who actually pay our bills on time, rather than carrying a balance and running up those lucrative finance charges.

bbinacan  (1000+ posts)      Tue Jun-30-09 08:36 PM
Response to Original message
 
18. Why such a high balance?

If you can, pay it off. I've cancelled all my cards except AMEX.

MorningGlow  (1000+ posts)      Tue Jun-30-09 08:44 PM
Response to Reply #18
 
19. Alas, just life

Longstanding balance carried over from a number of years ago, when Mr. MG had a severe pay cut at his job. We ended up charging everyday things like groceries, as well as making unexpected car repairs, in order to make ends meet. Add to that an airline ticket here, other necessary big-ticket items there (for instance, when Mr. MG's computer--his livelihood--went belly up), and lo and behold, high balance. We've been making a concerted effort to pay down the balance for some time. A few more years and we'd have had it conquered.

On edit: This is our last credit card. We got rid of all the other ones years ago, so that's a blessing.

One bets the primitive still managed to pay her drug dealer cash, though.

MorningGlow  (1000+ posts)      Wed Jul-01-09 11:35 AM
Response to Reply #21
 
33. I thought about doing the same thing

Instead we secured a debt-consolidation loan for a VERY low rate for five years to take care of an additional $30K we owed (a different long story). That balance is down to $17K, and even though it takes a big chunk out of our funds every month, it's worth it to get rid of it. We have two years left on that one, and then we can dedicate what we were paying to that loan toward the credit card balance and wipe that out in about a year.

Robb  (1000+ posts)        Wed Jul-01-09 09:14 AM
Response to Original message
 
29. Same thing happened to us this week.

Same situation. They also trimmed our credit line last month to a few dollars over our balance.

AND they bought our mortgage two months ago. I really, really hate these guys.

But they're liberal Democrats, remember, big contributors to Pa Kettle.

Freddie Stubbs (1000+ posts)      Wed Jul-01-09 09:24 AM
Response to Original message
 
30. The reason they are doing this is the Credit Card reform law which recently became law

It's provisions do go into effect until next year, so banks are making hay while the sun is still shining.

And after the sun goes down, no more credit cards for most of the primitives, because they're too high risk.

[dutch508]

Of course the reason is, Barry just got the cap on intrest rates approved, but ti doesn't take effect until next year or something. SO- the cedit Card Companies are trying to make up their so-to-be losses.


Of course, Barry told us that regulations on companies would not hurt the people...

Of course, Barry was ****ing wrong.

[JohnnyReb]

"After 17 years with the same MasterCard, paid ON TIME every friggin' month (often more than the minimum, which of course is a "bad thing"), PLUS right now we're carrying a $13K balance on it (just...you know...life), those BofA pkhers just sent a notification that we're being switched from a fixed rate to a variable rate."


"often more than the minimum"..... 17 years!!!!!!! ....How much ya'll want to bet that he's never fully paid off that first charge?

[GOBUCKS]

MorningGlow  (1000+ posts)      Wed Jul-01-09 11:35 AM
 
33. I thought about doing the same thing

Instead we secured a debt-consolidation loan for a VERY low rate for five years to take care of an additional $30K we owed (a different long story). That balance is down to $17K, and even though it takes a big chunk out of our funds every month, it's worth it to get rid of it. We have two years left on that one, and then we can dedicate what we were paying to that loan toward the credit card balance and wipe that out in about a year.

So here is a DUmmy, drowning in credit card debt, to the tune of $43K(!), finally seeing  the light and making a concerted effort to be responsible like a grown up normal person, right?

Wrooong! Responsible behavior with money is simply a genetic impossibility for a DUmmy, or any other democrat, for that matter.

for the past few months we haven't charged much of anything on the card (intentionally) with the exception of a few items on iTunes and Amazon.

Unless this DUmmy enjoys an income level that is several multiples of the national non-DUmmy median, its credit card debt will most certainly not be paid off as described. Like nearly all DUmmies, its debt will be resolved by either bankruptcy court, in life, or by liquidation of the estate, after death. And most DUmmy estates can't absorb much debt. Which is why DUmmies, even those who do not declare bankruptcy, are nearly all deadbeats.

[Chris_]

Wrooong! Responsible behavior with money is simply a genetic impossibility for a DUmmy, or any other democrat, for that matter.

They take good care of their money, it's everyone elses I am worried about......

[USA4ME]

Seen it way too many times.  Debt consolidation loans which pay off or pay down credit card blances, and they run right back out and charge it up again.  Chances are they'll eventually default on the debt.

.