Comments on: Opening a Bank of America Home Equity Line of Credit http://www.fivecentnickel.com/2006/10/09/opening-a-bank-of-america-home-equity-line-of-credit/ personal finance tips, tricks, and commentary Sat, 21 Nov 2009 22:51:28 -0500 http://wordpress.org/?v=abc hourly 1 By: Sheldon Schechter http://www.fivecentnickel.com/2006/10/09/opening-a-bank-of-america-home-equity-line-of-credit/comment-page-1/#comment-124610 Sheldon Schechter Sun, 21 Sep 2008 20:15:41 +0000 http://www.fivecentnickel.com/2006/10/09/opening-a-bank-of-america-home-equity-line-of-credit/#comment-124610 What is the procedure of repayment of a Bank of America as it relates to an Equity loan. What is the procedure of repayment of a
Bank of America as it relates to an Equity loan.

]]> By: d http://www.fivecentnickel.com/2006/10/09/opening-a-bank-of-america-home-equity-line-of-credit/comment-page-1/#comment-28267 d Tue, 10 Oct 2006 15:16:35 +0000 http://www.fivecentnickel.com/2006/10/09/opening-a-bank-of-america-home-equity-line-of-credit/#comment-28267 BOA does suck, but about the same as most of the big banks that are trying to scrape any fees off of you that they can as their free money ride migrates to the online banks... One thing you might want to think about, though; "Do you really want a HELOC set up as your checking overdraft protection?" This could expose you to some serious fraud losses, should your checking account info be compromised. You might want to consider leaving $500 in a BOA useless savings account to cover any checking account slip ups. It won't earn much, but the loss of interest on $500 is pretty cheap insurance compared to trying to deal with BOA in recovering $XXX,XXX of losses against a fraudulently tapped HELOC. BOA does suck, but about the same as most of the big banks that are trying to scrape any fees off of you that they can as their free money ride migrates to the online banks… One thing you might want to think about, though; “Do you really want a HELOC set up as your checking overdraft protection?”

This could expose you to some serious fraud losses, should your checking account info be compromised. You might want to consider leaving $500 in a BOA useless savings account to cover any checking account slip ups. It won’t earn much, but the loss of interest on $500 is pretty cheap insurance compared to trying to deal with BOA in recovering $XXX,XXX of losses against a fraudulently tapped HELOC.

]]> By: Billy in Texas http://www.fivecentnickel.com/2006/10/09/opening-a-bank-of-america-home-equity-line-of-credit/comment-page-1/#comment-28199 Billy in Texas Mon, 09 Oct 2006 22:57:49 +0000 http://www.fivecentnickel.com/2006/10/09/opening-a-bank-of-america-home-equity-line-of-credit/#comment-28199 Clark Howard is currently on a rampage against BOA. Link at http://clarkhoward.com. BOA arrested a customer who was depositing a bogus check received after selling something online. BOA later dropped the charges, however they would not reimburse the customer's attorney fees. Clark is recommending BOA customers withdraw all money from BOA. I am a fan of Clark's however I think he has gone overboard with this situation. Clark Howard is currently on a rampage against BOA. Link at http://clarkhoward.com. BOA arrested a customer who was depositing a bogus check received after selling something online. BOA later dropped the charges, however they would not reimburse the customer’s attorney fees. Clark is recommending BOA customers withdraw all money from BOA.

I am a fan of Clark’s however I think he has gone overboard with this situation.

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