Any interest payment of 22% in a bill consolidation loan with Bank of America?
2 years ago, I decided to take a loan (I wanted to combine credit cards to a loan to pay the debt) offer he received in the mail from Bank of America. I figured that with my excellent credit I would get a rhythm, but of great interest to the care that I was the rate has found that 22% which is very high with my excellent credit rating. It took me a loan of $ 25,000 to pay 592.00 a month (I always pay more) than I've learned that I pay for 96 months, totaling $ 56,832, I am very upset and who knows what can I do to get rid of this enormous debt, any advice for this debt is now worse than credit cards if they simply had paid off? Thanks
WOW that sucks. The time to start looking elsewhere for help. Also, if you pay more each month, then your number is not very correct in the assumption that no no penalty for prepayment. Did you default on this (loan or otherwise) that the only secondary interest? I think you should take a look at his record credit to see if there is something to make their interest rates too high. Also going to www.ripoffreport.com and file a complaint about them there. (site is free and you can read the horror stories about others who have a debt with) JA GOOD LUCK TO YA with excellent credit, you should be able to get out Within a month.
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