Review and analysis of over 31 complaints against Bank of America
Bank of America consumers have reported over 31 official complaints related to Cash advance. Out of the 31 consumer complaints against Bank of America, 29% were disputed by the consumer (i.e. the consumer was not happy with how Bank of America responded to their complaint) and 100% were processed in a timely manner. 13% of consumer complaints against Bank of America resulted in the consumer receiving monetary compensation (e.g. money, cash reimbursement, etc.) and 3% resulted in non-monetary compensation.
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Bank of America Credit card cash advance September 11, 2016 - On -/-/16 I went into Bank of America to get a loan of up to $1000.00 however, BoA now only uses credit cards and no longer gives personal loans. Needing the money and thinking I would also be able to build my credit, I decided to go with the BoA Cash - card and was told by the banker who was helping me that he will be putting a " rush '' on the card and will arrive on Monday, -/-/16 but may take as long as Friday -/-/16. After Wednesday -/-/16 passes I ask about my card and am told that if I need any credit card assistance to call the - number for CC complaints... |
Bank of America Credit card cash advance July 26, 2016 - Hi, I have received a cash advance offer from Bank of America for 18 months with 0 % interest with 4 % advance fee. So I took advantage of this offer and call the bank, I asked them how much I can borrow without affecting my credit score? Their answer was I can borrow up to the full amount without mentioning the effect on my credit score. So I borrowed 90 % or $40000.00. and I paid $1600.00. fee. I noticed my credit score was dropping since then. Although it was my decision to borrow based on their offer but I believe the banks should inform their clients that borrowing money may affect th... |
Bank of America Credit card cash advance January 6, 2016 - I have a cash advance balance on my credit card with an extremely high interest rate. I pay more then the minimum every month and per my statement anything over the minimum is to be applied to the highest APR. Last month I paid the minimum and then made a lump sum payment equal to the amount of the cash advance to get rid of it. Bank of America applied only $500.00 to the cash advance and the remainder to the lowest APR balance. I went back over the last years statements and they have done this every single month causing my cash advance balance to skyrocket with interest while never allocati... |
Bank of America Credit card cash advance December 11, 2015 - After using the service - for a few years now to send money to my son in prison and having it charged to my credit card as a regular transaction, no transaction fee, regular interest rate, the Bank of America has recently ( -, 2015? ) reclassifed - as a Money Transfer service so they are now showing it as a Cash Advance item, which is subject to an additional $10.00 fee AND the much inflated interest rate for Cash Advances. First, no notice was sent that this was happening. Second, it feels predatory on a population of consumers who tend to be the least equipped to take on such addi... |