Bank of america consolidating debt online dating for single

Posted by / 16-Aug-2020 07:40

It would be ridiculous for Bank of America to say that the supporting fact for their statement is that the monthly payment can be predictable because they have a formula to calculate it.

The statement is obviously designed to make you believe that it will be a fixed monthly payment in the enclosed offer. I’m honestly not sure because while taking Bank of America up on their offer by filling out a few lines or calling them might get you approved fast, it would be a bold stretch of the imagination to say that this loan will get you out of debt faster unless you are currently being charged much higher interest rates.

Additionally, if you fail to pay your minimum monthly payment by its Payment Due Date on any two occasions within 12 consecutive months, we may increase your APR up to a Default APR of 27.99%, which will no longer be variable.Let me first start with the asterisks and referenced statements and then we’ll get to specific statements made in the offer.Next to the statement “A loan amount up to ,000″ there is an asterisk that refers to the following clarification. FIA Card Services is the name taken by MBNA when it became a subsidiary of Bank of America.There isn’t anything that is set in stone that I, as a consumer, could depend on to judge what my monthly obligation would be under this credit offer, even though there is a large and nicely presented table.The table is irrelevant to the final terms and interest rate fluctuations over the life of the loan.

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in fact, if you use the credit to pay off other debts then rather than getting out of debt you are simply trading one debt for another.

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