Comment on Save 50% on credit card debt - More Wisdom and Experience from David

Bruce — Thu, 03 Dec 2009 18:23:11 GMT

I recently fell on hard time and could not make a Credit Card payment. The card holder pulled up my past payments and saw I had paid over the phone from a checking account at my credit union and just drafted my account for the minimum payment without my permission. The credit union said they could not refund the money even though I had not authorized it, and that I needed to get the credit card company to put it back. Well I got the money back and then I asked for a new account with the credit union to stop future abuses and they denied my request because I had a loan with the credit union as well and the accounts were linked. NEVER PAY A BILL WITH A VOICE AUTHORIZATION DIRECTLY FROM YOUR CHECKING ACCOUNT. If I had used a debit card I could have claimed it was lost or stolen and got a new number immediately but no so if you give out your routing number and account number to vendors.
The credit card by the way was Bank of America.

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From the Facilitator:

I am sorry for your situation but not surprised any more. The many emails that i have received from people reading this website is very sad and disturbing. I will never us an automatic payment again and am now switching back to check and cash. See my comment about CHASE. The banks, including credit unions, and credit card companies are no longer dealing in the real of my understanding of ethics. They use the laws, which they helped to lobby for and create, to smash people like you and me at every turn. I would cancel your credit union account like I did (you actually might have to leave in the membership fee, like $5.00 because you have a loan) but put a stop on the account activities and more to a different bank or credit union. I wrote CHASE a letter that I am no longer responsible for anything they pay out (see previous comment). I would also cancel all credit cards. You might also participate in the civil disobedience (called computer disobedience on the first page). Right now I am only paying 1 credit with a life 2.99% for the life of the balance but CHASE, CITIBANK and Band of A**holes, I am not paying. I am also contacting my former credit union, CHASE, BofA, Provident and M&T Bank that I cannot make a payment. I have hired an attorney and may be filing Chapter 13 Bankruptcy. As it unfolds i will keep you informed through this blog and website. I am also open to any suggestions from people as to what this website and we as a group could do to impact these legal thugs. Remember you are not alone and the banks need us more than we need them.

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Comment on Save 50% on credit card debt - More Wisdom and Experience from David