Mcm

Date: Tue, 03/08/2011 - 20:19

Submitted by anonymous
on Tue, 03/08/2011 - 20:19

Posts: 202330 Credits: [Donate]

Total Replies: 2

I had an account with Bank of America for 4300 dollars. With late fees it went to 7500 on a 6500 dollar credit ling. Now it has gone to MCM and in 9 months it has acrued $1360.37 cents with a 27% interest rate and they tell me there is no limit on it. The current bill is 8,031.41 cents. Is that even legal?

Interest does not stop just because an account is in collections

Interest does not stop just because an account is in collections. BOFA has every right to continue charging interest.

lrhall41

Submitted by SOAPLADY on Tue, 03/08/2011 - 20:24

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Soaplady is correct. You should contact them and see if you can

Soaplady is correct. You should contact them and see if you can work out a settlement before your balance gets any higher.

lrhall41

Submitted by aubrey on Wed, 03/09/2011 - 06:27

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