I discovered that our mortgage payment had been received by BofA, but not applied to the payment, which was showing as past due. I say discovered because I stumbled onto the information while looking into a payoff for our auto loan. No one had contacted us 19 days into the event.
I spent more than 45 minutes trying to find a human who could assist with the problem. I ended up with a human who might as well have been automated. After answering the 20 questions, he revealed that he was collections and could not help me. There is NO CUSTOMER SERVICE ON WEEKENDS!!! Really? The people who work in order to pay our debts are typically in need of customer support on weekends.
The problem was that the bank erroneously filed my early payment as a principal payment rather than applying to the next payment (by early, I mean on the 30th rather than the 1st). They charged a late fee and then refused to apply our payment because we had not paid the late fee.
Had there been a person to help me on Saturday, I would have chalked it up to error. After 45 minutes of growing increasingly frustrated, I have joined the ranks of customers who are fed up with BofA.
I will be closing my account as soon as i pay off my credit card. I have several cards with direct payments and as we all know that do to the economy i only work two days a week! My intension is to pay but how can anyone survive with two days?! And than be charged late fees? I called to be refunded cash that i don't have and wasn't helped. Instead i was offered other options that charged a fee.
What point of not being able to afford the late fee didn't they get? How am i being helped! Very disappointed! I will be sure to make a point that bank america doesn't help those who are struggling. I called with a problem and there was no solution after i got off the phone wih the representative and manager. They told me since it wasn't the banks error i couldn't be refunded.. I didn't say it was the banks error. I just did have cash in hand until two days later!
I am refinancing my mortgage for a lower rate. I went into this branch asking for help and all i was told was that they no longer had a loan officer so i sat in the lobby filling out paper work and all i wanted was for someone to go over it so i didn't make any mistakes. No one would help me and as it turned out some of the paper work did not fax properly and i had to go back and sign additional forms.
I have been with b of a for 14 yrs. And i find this service worse than sad. If i had not gone this far with the loan process i would have gone to another bank and closed out all my accounts with b of a. To have a loan officer call me at 9pm on a friday night is beyond the pale. Something has to be done to keep customers satisfied.