Bank of America Targeting Illegal Market For Banking

Discussion in 'Current Events' started by Annie, Feb 13, 2007.

  1. Annie
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    Annie Diamond Member

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    This is unreal, I don't think it matters if you are for amnesty or against it. Links and more:

    http://michellemalkin.com/archives/006861.htm

     
  2. 90K
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    90K BANNED

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    I'd recommend reading up on Micro Loans and review the history and then you'll see the idea behind this and who B of A is targetting. Do I agree on this policy? No; because not only will other banking institutions follow this idea for the money they'll make but also we the customers of these banks will have to suffer from higher rates of interest on loans to cover these dead beats that don't pay there bills.


    http://en.wikipedia.org/wiki/Microcredit
    http://www.opportunity.org/site/pp.asp?c=7oIDLROyGqF&b=203866
    http://www.accion.org/
    http://www.adb.org/Microfinance/default.asp
     
  3. glockmail
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    glockmail BANNED

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    Switching out my BOA Platinum card as soon as the mail arrives....
     
  4. trobinett
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    trobinett Senior Member

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    Yea, I heard about this the other day, not surprising to me, that BofA would make such a move.

    In the last couple of decades BofA has shown the way for bad banking, and complete sliminess.

    I wouldn't have wanted to ride the ups, and downs of its stockholders.

    Of course, at the end of the day, what they are doing IS NOT illegal, just morally bankrupt.

    I can only hope it backfires in their faces.
     
  5. Darwins Friend
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    Darwins Friend Member

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    Yesterday, according to a local radio show - 2,600 checking and credit card accounts were closed here in SoCal by irate BofA customers.

    Great Marketing!:clap2:
     
  6. Emmett
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    Emmett Active Member

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    I believe I will call BOA and request that my ssn be removed from account. Certainly they will be happy to oblidge since they are offering NEW accounts to lawbreakers with no history of good payment, responsible usage, etc,... I'm not sure how they are going to report my good credit to the credit gustapo (Equifax) and how the hell they will know who I am when I call, but I still want it done.

    Let's see, better yet. I believe I'll apply for a new account. I'll just tell them that I was a stowaway from Ireland and just arrived in the US. Having said that, they will have no way of verifying anything but given their new policy of attracting prospective customers, that shouldn't concern them. I'll just charge up my limit the first evening at Sears or my favorite pro shop and then simply backhand toss the card into the trash since I'll have no intention of paying the paying the bill. I mean, hell, what are they going to do, put a bad mark on my credit history. WHAT credit history? I had no legal documents when I set up the account, what the hell would I give them a real name for? For all that matters, what is a REAL name anyway?

    Let's see, decisions, decisions! Do I need the fourth stage collection of tools for my Craftsman set or a new trolling motor for my bassboat worse? Hmmmm, maybe some new suits. Damn this is tough.
     
  7. glockmail
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    I think its a "secured" line of credit. Not sure.
     
  8. 90K
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    No you can't do that because you are a citzen, it is stamped across you forehead and the gustapos at B of A would know you are lying. I'm doing some banking changes because I couldn't get a better apr on my credit card. I have wonderful credit which means I pay my bills with no late fees. They'll give me more credit on the card but can't or won't reduce my apr. My credit union dropped my current apr 3.0 points to 5.9 so you know I'm going to use my 0 balance c-c from now on.
     
  9. William Joyce
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    William Joyce Chemotherapy for PC

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    Heard about this on Dobbs tonight. One caller said, "next up from Bank of America: free checking for terrorists!"
     

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