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KellyC · 11-01-2009, 03:10 PM

I have two separate issues with my banks.

1) Bank of America right now is charging its customers 10 dollars a month for a "monthly service fee" for anyone who has under 750 dollars in their account. This is obviously another scheme to milk poor people's money because there's no way people like me, college student doing work study that pays peanuts, can have a balance over 750 dollars all the time in my account. I talked to the customer rep. over the phone and he said there's nothing he can do about it. I'd like a second opinion before I close my account with this Bank. The only hesitation I have about closing my account with this bank is it's very convenient to do banking with BOA. They have ATMs every where so I don't have to worry about 2-4, some times 5 dollar service fee for using other banks' ATMs or those I see in convenient stores.

2) I only have ONE credit card in my entire adult life. It comes as a pre-approved card with a credit line of 7,500. At first I've been able to pay off my balance when I was in CA working full time. But ever since I came back to WA I've been stupid. As I continue to make payments on the card, they continue to expand my credit line, it's now up to 15,000. Not knowing this was a trick I kept on spending and spending and has accumulated over 6,000 dollars on that one card (a portion of that goes to tuition). I've still been able to make at least minimum payment every month but the damn thing doesn't seem to go down. My dad had the same card as I do, same interest rate of 10.9%, and got it at the same time. His interest rate has gone down since I last checked. Mine, however, remains the same since the day I got it. 10.9% interest rate on a 6,000 debt is a lot to handle for me at this moment. I talked to the customer service rep. about lowering the interest rate down but they told me the same thing every time: "We don't do requests. We review our customers' account every year and will award them with lower interest rate accordingly" or something like that. I'm tired of that line and I don't believe it any more. There's gotta be something I can do about it.

The issuer is BECU, a supposedly "nonprofit" credit union. But here they are employing the same tricks as the commercial banks so I'm having some serious doubts about them. I'm also contemplating about closing my account with this bank as well once I paid off all my debt.

And can any one recommend to me a good bank that won't screw me over? Pleasseeee?

11-01-2009, 03:10 PM	#1 (permalink)
KellyC Comment or else!! Location: Home sweet home	Banking and CC questions I have two separate issues with my banks. 1) Bank of America right now is charging its customers 10 dollars a month for a "monthly service fee" for anyone who has under 750 dollars in their account. This is obviously another scheme to milk poor people's money because there's no way people like me, college student doing work study that pays peanuts, can have a balance over 750 dollars all the time in my account. I talked to the customer rep. over the phone and he said there's nothing he can do about it. I'd like a second opinion before I close my account with this Bank. The only hesitation I have about closing my account with this bank is it's very convenient to do banking with BOA. They have ATMs every where so I don't have to worry about 2-4, some times 5 dollar service fee for using other banks' ATMs or those I see in convenient stores. 2) I only have ONE credit card in my entire adult life. It comes as a pre-approved card with a credit line of 7,500. At first I've been able to pay off my balance when I was in CA working full time. But ever since I came back to WA I've been stupid. As I continue to make payments on the card, they continue to expand my credit line, it's now up to 15,000. Not knowing this was a trick I kept on spending and spending and has accumulated over 6,000 dollars on that one card (a portion of that goes to tuition). I've still been able to make at least minimum payment every month but the damn thing doesn't seem to go down. My dad had the same card as I do, same interest rate of 10.9%, and got it at the same time. His interest rate has gone down since I last checked. Mine, however, remains the same since the day I got it. 10.9% interest rate on a 6,000 debt is a lot to handle for me at this moment. I talked to the customer service rep. about lowering the interest rate down but they told me the same thing every time: "We don't do requests. We review our customers' account every year and will award them with lower interest rate accordingly" or something like that. I'm tired of that line and I don't believe it any more. There's gotta be something I can do about it. The issuer is BECU, a supposedly "nonprofit" credit union. But here they are employing the same tricks as the commercial banks so I'm having some serious doubts about them. I'm also contemplating about closing my account with this bank as well once I paid off all my debt. And can any one recommend to me a good bank that won't screw me over? Pleasseeee? __________________ Him: Ok, I have to ask, what do you believe? Me: Shit happens.