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Started By
Message
Bank of America fees on home note.
Posted on 4/17/13 at 7:43 pm
Posted on 4/17/13 at 7:43 pm
So I am a couple of month a head on my note and I look online tonight and they accessed me a late payment fee. I called them and they credited it but I was like how can you access a lape payment fee 23.50 if I don't have to make a payment until July. Wtf.
I know your hurting for cash but you don't have to rob me blind.
I know your hurting for cash but you don't have to rob me blind.
4
Posted on 4/17/13 at 7:54 pm to Mercy Percy
BoA will rob you blind... They are the one bank I refuse to ever do business with again
Posted on 4/17/13 at 9:14 pm to Mercy Percy
BofA has no fricking clue what is going on operationally.
Posted on 4/17/13 at 10:02 pm to Mercy Percy
When you pre-pay they apply the overpayment to the principal. You still owe the next payments when scheduled. No different than any other bank.
This post was edited on 4/17/13 at 10:04 pm
Posted on 4/18/13 at 8:18 am to Layabout
quote:
When you pre-pay they apply the overpayment to the principal. You still owe the next payments when scheduled. No different than any other bank.
I know with USAA and with Ali that is not the case. My next car payment is not due until November right now.
But he also said he didn't miss any payments so... Still doesn't explain anything.
Posted on 4/18/13 at 8:21 am to Mercy Percy
Just curious, but why would you prepay? Why not use that money once or twice a year to apply to the principal on the note to knock it down time wise?
Posted on 4/18/13 at 9:33 am to Layabout
quote:
When you pre-pay they apply the overpayment to the principal. You still owe the next payments when scheduled. No different than any other bank.
Wrong! I have a loan with them (they bought out the company holding my mortgage).
When you apply extra, there are very clear markers of where you want the money to go, if you pay online.
If you use the old mail in with monthly coupon method, the coupons (months included in payment) should all be in the envelope.
Someone just flat out screwed up.
This post was edited on 4/18/13 at 9:35 am
Posted on 4/18/13 at 1:13 pm to the LSUSaint
quote:
If you use the old mail in with monthly coupon method, the coupons (months included in payment) should all be in the envelope.
BOA doesn't use coupons. They send a statement each month. If you send more than the amount of your payment, you can designate it to go either to principal or to escrow. If you don't specify, it goes to principal.
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