Countrywide jacked my payment. I called and said, hey what gives. “Oh well your taxes went up and there was an escrow shortage and bla bla bla” (thinking I wasn’t running the calcs). Right guys but I just ran the numbers and that doesn’t explain the $1300/yr ^ in payments, so hey what gives. “Ohhh right well actually we also put an *extra reserve* in there in case something goes up in the future [60% of the increase was this extra reserve]. Oh course we will give it back if it is not needed.” Oh right, sure you will. I called BS they at once said “oh we can take that off”. Whoh back up. Extra Reserve? WTF is extra reserve!? Aren’t these chumps betting only 1in3 customers will figure out their scam thus jacking up their cash position in the S/T. Are they allowed to do that?
Most people have their stuff withdrawn directly from their accounts. It’s a major scam. They’re counting on people not noticing. Kind of like the deal with rebates… most people don’t send in for their rebates when they buy some electronic doodad.
…also if you DID send in your rebate they will lose 30% of them because most people don’t make a copy of the cut out coupon thingy before they send it [I’m not bitter].
And even if you have the coupon and send it in it takes 8 weeks for them to send you the refund. Are you gonna remember a small cheque in 8 weeks. It took me hours to f/up once on one of these and I’m thinking I make x per hour and this has cost me more time than the refund. I now will not buy anything with a mail in rebate.
I had a credit care stolen a while ago and the large national bank just denied the fraud claim for really no reason. I have had to speak with teh FTC, I have filed a report with the police and have even talked to some lawyer friends. I am corresponding with the bank now basically saying how what they are doing is illegal according to this and that statute, and letting them know that according to federal law my maximum liability in a fraud case like this is $100 (the fraud is thousands). I think their strategy is two-fold: 1) They can delay payment of the claim and recognizing the loss by continuing to show the amount as a credit liability on my account. 2) Some people won’t go through all the ins and outs to get them to pay, and will just pay the amount for fear of ruining their credit score. Me, I absolutely refuse to pay for this. Desperate times cause banks to take desperate (and shady) measures.
Which bank?
Chase
eureka Wrote: ------------------------------------------------------- > I had a credit care stolen a while ago and the > large national bank just denied the fraud claim > for really no reason. I have had to speak with > teh FTC, I have filed a report with the police and > have even talked to some lawyer friends. I am > corresponding with the bank now basically saying > how what they are doing is illegal according to > this and that statute, and letting them know that > according to federal law my maximum liability in a > fraud case like this is $100 (the fraud is > thousands). I think their strategy is two-fold: Bank of America did this to me. Their argument was that because the fraudster bought the same item twice, I had a history of buying that item on my account, so it must have been me that actually bought it (whaaaaaat?). It wasn’t enough money to pursue legal action over, so I just closed my account and moved to Wells. These banks like to talk a big game about fraud protection, but they are more than happy to pass the buck along to the account holder.
- Join a credit union and you won’t have these problems.
go bankrupt and you won’t have these problems
sublimity Wrote: ------------------------------------------------------- > go bankrupt and you won’t have these problems not only that you will receive govt help and will join the new elite of society.
yeah, better to be a part of the community than try to get your piece to make some dough newsuper Wrote: ------------------------------------------------------- > Yeah he’s got balls but I don’t applaud wankers > who put themselves ahead of the rest of the > community in order to make some dough (which is > what this is all about - he’s not doing this for > fun or for charity, it’s about making some green).
I filed for credit card fraud twice in 4 month period. (Someone had my BoA credit card #). Both times, BoA refunded my money within minutes.
Yeah, I had two cards stolen at the same time. One was for Chase and had thousands charged to it. They did not accept the claim. The other was for another bank and had a bit over a hundred charged before I caught it. That bank accepted the claim without any probablem. All of the purchases were made in a different state from where I live at stores I have never entered. Lesson: the higher the fraud claim the more likely the bank will find a way to delay payment.
eureka Wrote: ------------------------------------------------------- > Yeah, I had two cards stolen at the same time. > One was for Chase and had thousands charged to it. > They did not accept the claim. The other was for > another bank and had a bit over a hundred charged > before I caught it. That bank accepted the claim > without any probablem. All of the purchases were > made in a different state from where I live at > stores I have never entered. Lesson: the higher > the fraud claim the more likely the bank will find > a way to delay payment. Did they steal the physical card or your the numbers? Don’t places ask for ID?? wtf that is scary
This is why in other countries around the world there are Chip credit cards which work like a debit card where you have to enter a PIN to use it. No more signatures that no one ever checks
This is why in other countries around the world there are chip credit cards which work like a debit card where you have to enter a PIN to use it. No more signatures that no one ever checks
On the signature line of my new cards I just wrote “Please check ID”.
fxguy1234 not sure the last time you have used a card, but I never get asked for ID. OK fine maybe once in a blue moon, but for the most part, just swipe the card, show them the card and that is it. I once had my corporate card hijacked, some place in L.A. copied the magnetic data on my card, created a new one in his name and started using it. Wachovia covered everything with a phone call.
eureka Wrote: ------------------------------------------------------- > I had a credit care stolen a while ago and the > large national bank just denied the fraud claim > for really no reason. I have had to speak with > teh FTC, I have filed a report with the police and > have even talked to some lawyer friends. I am > corresponding with the bank now basically saying > how what they are doing is illegal according to > this and that statute, and letting them know that > according to federal law my maximum liability in a > fraud case like this is $100 (the fraud is > thousands). I think their strategy is two-fold: > > 1) They can delay payment of the claim and > recognizing the loss by continuing to show the > amount as a credit liability on my account. > > 2) Some people won’t go through all the ins and > outs to get them to pay, and will just pay the > amount for fear of ruining their credit score. > > Me, I absolutely refuse to pay for this. > Desperate times cause banks to take desperate (and > shady) measures. my friend found out he had someone in another province take out loans in his name back in 2004, he is still fighting with the bank.