Banks

Comment #7

justxploring — Wed, 30 Jul 2008 02:51:49 GMT

OMG - boy was I redundant. I type too fast. I must be in my manic state. (blame my itchy fingers) Well, LittleOldLady, at least you got a lot of comments. LOL

Comment #6

justxploring — Wed, 30 Jul 2008 02:48:15 GMT

<br />As far as the mortgage crisis goes, many people lost jobs and some were victims of predatory marketing and sales techniques. Many years ago I got into trouble by trusting people. I've also been fooled by tricky car salesmen & sleazy financial advisors. I admit that & I still get depressed. But the homeowners I was referring to are those who lied or stretched the truth about their income and are now complaining the bank was too lenient in their lending practices. There are also plenty... [ More ]

Comment #5

rcbbuckeye — Wed, 30 Jul 2008 02:09:42 GMT

I agree with you justx. I could never understand how people got caught in a bad mortgage. It's federal law that the lender has to send a HUD statement to a borrower before closing to verify the terms and fees. I think people just didn't bother to read them.

Comment #4

justxploring — Tue, 29 Jul 2008 21:38:23 GMT

"Most banks never charge a fee if you maintain the minimum balance required (if any) or bounce a check, etc." I meant to write "unless you don't maintain the min bal or if you bounce a check" Duh. That's it from me

Comment #3

justxploring — Tue, 29 Jul 2008 20:07:40 GMT

Thanks for letting me post. I honestly never know how long a comment will be when I begin typing. So I shouted "yikes" when I just posted. I try to edit. :-) It's just that I get so frustrated because everyone was crying "we can't afford a house" and the banks offered these incredible deals "interest only" and low interest ARMS. Suddenly people were using 1/2 their income to pay mortgages and wouldn't even imagine what a rate increase would do. Now the people who used common sense are paying for it. The only banks that are not in trouble are the few who turned down people who couldn't afford a mortgage, refused to loan more than the appraised value, and cut off people with questionable credit. Now that the banks are failing, the same people who were turned down and went to anyone who would give them a mortgage are yelling foul play. I'm not defending the banks, just the fact that nobody wants to take any responsibility for their own lives any more. Take it from me --- I'm a big screw up, so I know.... [ More ]

Comment #2

justxploring — Tue, 29 Jul 2008 20:00:09 GMT

<br />I also left my card in an ATM recently (not at BoA) and got a call from my bank in the morning "Nancy, we have your card." However, I doubt if BoA would do that for a customer. But if you notice next time you use the ATM, after 20 or 30 seconds you get a warning, since too much time has passed and, after that, the card is sucked into the terminal. So if someone in back of this person grabbed it, it had to be within a very short time. After the card comes out of that little slot and the... [ More ]

Comment #1

time*treat — Tue, 29 Jul 2008 14:05:25 GMT

First Bank of Serta has unbeatable customer service, no fees, and great hours to boot ;-)

Original Blog Entry: Banks

Littleoldlady — Tue, 29 Jul 2008 13:42:18 GMT

I had the experience of looking at Bank of America (2 different accounts), 2 different customers. In one instance, the bank charged an individual over 300.00 in bank fees by presenting the same item for payment 10 times in a row and the second account had a theft (left card in machine) and the person behind took money out. In that instance for the money taken out, the bank had already charged 25.00 per day for 5 days straight and then on the 6th day charged 35.00. Are the banks making some of the failed mortgages on the backs of the poor? I think so. To continue to charge the individual EVERYDAY for the same item to me is stealing from people. Remember, same bank, different people. Just a word of warning.

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