Bank Of America
Bank Took $30,000 From Account to Pay Credit Lines
- 09-19-2008
- 14
We had a business credit card and business line of credit and we fell on hard times. We couldn't pay our mortgage, lost our business and had a ton of credit card debt. Making it worse was not having any money to buy food for our 3 children. Our family loaned us money some money earmarked to pay off all of our creditors. We were already settling and had an agreement to pay off Bank of America or so we thought.
We went away for a few days and came back to find that the $30,000 our family had lent to us had been stolen from Bank of America to pay off 2 accounts that we were not aware that we had. When we went to Bank of America to help us with our mortgage, their response was to give us more credit instead of helping us with our troubles. These were the lines of credit that they went directly into our account (without our authorization) to pay off.
Now we have nothing left and all the same creditors that were supposed to be paid with the $30,000 are hounding us with phone calls and our credit is ruined! Please help, is this legal? There has to be a law against this practice. What makes them more special than our other creditors that need money just because we have a bank account with them?
Company: Bank Of America
Country: USA
Phone: 8006228731
Site: bankofamerica.com