Description: The article is about boa login. One man sues Bank of America for charging extra fees,he wants to send a message to all homeowners that have Bank of America Mortgage Loan Account. He has charged extra fees from bank of America.
When was the last time you checked out your bank account or your home loan? Isaiah Kerry talked with one Houston man who did that and found what he calls the outrageous behavior by a major bank. The man not only hired his own accountant to go through his bank records with a fine-tooth comb,he also filed a lawsuit when he said that he realized he was being taken to the bank.
Owning this house for long was supposed to be part of the American dream of Nguyen,he said it turned into a nightmare. It is unbelievable. In 2001,Nguyen refinanced home at Bank of America. We have 20 years mortgage loan.
According to these court documents,Nguyen was scheduled to pay 643 dollars by monthly on his one hundred and thirty thousand dollar loan to refinance,that would have paid off the house in 2016. To ensure there was no interruption in payments,Nguyen also signed up for Bank of America’s auto withdrawal service,the bank would take the money out of his account twice a month on the due date,Nguyen says that did not happen.
What they did is that they withdraw the money from the check account two or three or four days after the due date. Why is that important? According to the lawsuit,Nguyen had a simple interest account. That means every time the money is not deducted on the due date,more of his payment goes to interest rather than principal.
Record showed that alleged technique by Bank of America cost Nguyen nine thousand dollars in interest,that’s when he filed a lawsuit. We showed Nguyen’s paperwork to Houston accountant Bob Martin. If the money was available in terms of the agreement,then he is being charged additional interest.
Nguyen uncovered more issues with his loan after receiving a new interest rate. Financial records showed that he was hit with new terms,he said that he was never notified about owing the bank in addition to 137 thousand dollars on the original $130,000 loan. His payoff date went from 2016 to 2029. Documents show that Bank of America tried to settle with Nguyen and offered him for house free,he rejected it.
I feel like bank of America have done something wrong to me,maybe they have done it to the public. I want to send a clear message to everybody. Nguyen has hired a new attorney to find others who may have encountered the same type of accounting. He wanted to send the message to help a lot of people who are not aware of the problems that they may have.
Bank of America issued this statement. We consider customer relationships to be confidential and this is active litigation,we cannot comment on the specifics of this issue. Mr. Nguyen is a valued customer and we have been working with him to resolve what is a very fact-specific dispute.
In an unrelated but similar case,Bank of America settled a four hundred million dollar class-action lawsuit in Florida,their customers claimed that their bank accounts were manipulated by Bank of America so the bank could get more fees and overdraft charges.