6 Scariest Things for Your Money

Just thought I’d relate my story to see if anyone else has been on the receiving end of Bank of America policy.

In 2004 I divorced my wife of 18 years. After moving to a new apartment away from my ex and 3 kids (all under 16), I opened a checking account with B of A. My wife retained the old account. About 4 months ago I opened a savings account there as well. All has been ok until recently when I received a call from a B of A collection employee to ask if I was willing to make payments to my overdue line of credit account. I told her that I have nothing to do with that account; that it was my ex-wife’s account and that they should contact her for payment. She asked if I was refusing payment and I said no but that it was my wife’s responsibility and she should contact her. She asked me to hold. A few minutes later she came back and said they had taken it out of my account because I refused payment. I was steaming. They said that when the account was opened we agreed to allow them to enter any accounts to make good any loans. Because I was still the primary on the account – even though I had had nothing to do with her for two years they could take my money. This left me broke and unable to pay my bills including the monthly child care payment. So they could care less about the facts and how it would affect my, my kids, and my wife or that it was not my loan but my ex-wife’s. All they cared about was their $1700. I spoke to supervisor; my spoke to 4 different people and went to the local branch but the efforts were futile. They don’t care about people; it’s all about money regardless of the cost to innocent people. Granted my wife is lousy with money and paying her bills on time. But I should not have been held responsible for the debt she incurred and had refused to pay. Not to mention the kids who will suffer as well. I know they have the right but could they not have been able to use some discretion? I know they’re trained to ignore all possible excuses but their was a paper or electronic trail showing I had nothing to do with that account. Needless to say, I will be closing all my accounts no matter the inconvenience. I will do business with a local bank that owes it’s welfare to it’s depositors and knows it. In the meantime, I will write as much and as often as I can to whomever will listen to embarrass and tarnish the gleaming reputation B of A has shined for itself at the expense of its small depositors. The people responsible for this are: Heather Knott at 800-475-2025 ext. 6185 and her supervisor Natasha Little.

-Larry