BofA Thinks All of You have Bad Credit
Posted on February 13th, 2008 by Marc Chase Posted in Credit Cards | 1 CommentIt looks like Bank of America is at it again.
I wrote a post about Universal Default a little while ago, stating how sleazy of a tactic it was by lenders.
Well, BofA found a way to stoop even a little lower. Where universal default typically had to have something trigger it like a late pay, now they just raise rates on whomever they “feel may be a risk”
You can read the full article here
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B of A has so many customers they can literally do what they want … and they’ll still be the Bank of America… they could care less if they lose 2000 account holders today as they could just throw a couple grand on an ad drop and gain 2000 more next week.