Bank Of America / increased finance charges
Received letter stating the Bank of America was doubling my interest rate. Never been late on a payment. Always paid at least double what they required as a minimum payment. Have complained to them several times since I received letter...one explanation was I had not paid my balance down to at least half of what I owed, although that was never told to me. Another explanation was my debt to income ration, however, I have never missed a payment and always doubled what they asked for. Said they could not review or reconsider my request for a lower interest rate for 6 months.
I hope we are charging them extremely high interest on the bailout money our government has given them!!!
Will never use Bank of America Visa card again EVER!
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