Bank of America Consumer Loan Complaint

Installment loan Managing the loan or lease

Bank of America Consumer Loan department,

Installment loan Managing the loan or lease Alabama

I obtained a $35000.00 - Loan with Bank of America in -. This loan was solicited to me as a fixed rate, 60 month term loan. However, the loan was converted in - or - to a revolving account without my consent. I have tried unsuccessfully to resolve this issue with the bank to no avail. From documentation I 've received, the bank does n't know how much the loan was for or the APR nor the terms. I 've received letter stating the loan was for $35000.00 then another - saying it was for $37000.00. In addition, I had a Bank of America credit card during this same time and all the terms and conditions on this loan mirror my credit card. Based on my bank records, I have paid over $70000.00 on this loan. It seems predatory lending at it 's best. I have researched online and I am not the only customers with this experience with this type of loan from Bank of America.

Bank of America customer in Alabama
Mar 22, 2016

* Source: CFPB Complaint Database

Bank of America response to complaint:
Closed with explanation

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Contact Bank of America

https://www.bankofamerica.com/
(704) 386-5681
100 N Tryon St Ste 220
Charlotte NC 28202
Bank of America
Bank of America

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