Erasing Our Debt

Well in response to Bank of America almost tripling my interest rate, I have put up a listing on Prosper to try and get a lower interest rate. Let's hope it works!

One thing I was really wondering about is why it only allowed me to set my max interest rate at something around 8% when most of the loans with my amount request and credit rating were showing somewhere around 14%. Hmmm?

Anyone know anything about that?

Labels: Bank of America, debt, prosper

And I mean that! They became one of my new credit companies when they took over MBNA.
My MBNA card was the very first credit card I got. I got it just a few days after I turned 18 so I've had it for almost 7 years. I have never been late with a payment nor have I ever gone over my credit limit.
So you wanna know why Bank of America sucks?
I get home Thursday night from work and I have a letter from BoA. I open it up and it states that they are raising my interest rate from 9.99% to a variable rate of 24.99%.
No reason why. I have to call a toll-free number to find that out.
At least they gave me a way to "opt-out". I have to send them a letter by May 1 saying I reject these changes. I have completed this.
If I use my card after May 1, then my interest rate will go up to the 24.99%. Good thing I don't use my credit card

Labels: Bank of America, interest rates, rip-off, scam