Get this!!! Bank of America

[spooby72]

Wife and I opened a bank of america credit card account in the early part of March of this year. We took a cash advance of $4,250 to pay bills and catch up and transfered $4,250 to another card. Our first payment was due in April of $151.48 which we turned around and paid. The second payment in May was due and we paid $175.00. June's payment comes and its $393.00, interest jumped to 29.74% and over-the-limit fees were charged.

We made our payments for the minimum they required the past two months. Bank of America purposely did not ask enough for their minimum payment to cover the next months accrued interest to keep us under our credit line. Once slightly over the credit limit, they charged us the over the credit line penalties and since we were over our credit limit and receiving penalties, they raised our APR to almost 30%...this seems totally manufactured by Bank of America.

Now....its almost been 3 months since the new account and the cash advance, we only paid 2 payments but now the minimum payment has tripled and we can't afford to pay. I wanted to pay this for atleast 3-4 months to show good faith but with their credit tactics...I can't. I am filing chapter 7 and am planning on filing by July 15th....
Should I pony up the $400 to make a 3rd payment or wait and see if I am challenged to an Adversary Proceeding?

[arthur3]

I am no lawyer but can you get a new cc from some where else and do transfer I see a lot of cc companies are giving 0%-6% on transfer this may help.
I know I have done this and helped me out but just be very very careful my spouse did the same thing but now my spouse have been cought up in the cc scam of to many and to many to pay back yes we are sperated and all the ones I have are mine and all the ones my spouse has is the spouses problem around 70k for my spouse and they are not joint I had to take the joint ones over not happy but no choice.
Hope this helped out and I am sorry if you must or anyone else file ch7 this is a very hard choice to make and do I hope I do not but I think with todays cost and still raising womething must be done to help out our fellow Americans if we can send money overseas then why can not we help out our own.
Thank you