Bank of America Review

Bank of America is a creditor that allows you to write checks on them to advance a line of credit. I found out the hard way that they tend to raise the interest rates on you as you use this service. It doesn't matter if you pay in a timely fashion or not.

At this point in time, as I have become unemployed and unable to meet all my financial obligations. Bank of America is reluctant to work out alternative payment options. Their payment options can only be effective for 6 months before they return to the regular rates and they expect you to catch up regardless of your financial situation.

I understand that they want their money and I would like to pay it in full, but until I become employed again that is next to impossible. Meanwhile they will keep racking up high interest rates and late fees on my account. Adding excessive fees onto an account where the user has informed them of a financial hardship doesn't get them the money any sooner. I regret my association with this company and as soon as I can I will pay them off and never use their services again!