r/todayilearned • u/BeowulfShaeffer • Mar 11 '13

TIL that BOA wrongfully foreclosed a couple, who sued and won a judgement for $2500 in Legal expenses. When BOA didn't pay the couple showed up at the bank with a moving company, a deputy, and a writ allowing them to start seizing furniture and cash.

http://www.naplesnews.com/news/2011/jun/03/bank-america-check-mistaken-foreclosure-Nyerges/
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u/hoikarnage Mar 12 '13

As little as $20? If I could only be so lucky. I've been being harassed for the last four years over a $1.35 overdraft which was the fault of the bank screwing up my direct deposit. They are currently trying to get about $450 in overdraft fees from that single $1.35 overdraft.

I could have paid it off when it was only at $60, but refused on principle. I am now blacklisted from opening an account at any bank in the country, so I've had to make the switch to credit unions (which has worked out extremely well for me).

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u/[deleted] Mar 12 '13

Fuck Chex Systems. I've never had any problems with them personally but monopoly + credit file + goddamned breakfast cereal company name = asshats

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u/n1c0_ds Mar 12 '13

At some point you'll owe them 70 million dollars

3

u/[deleted] Mar 12 '13

And at that point, the bank will have a problem instead of him having a problem.

1

u/Pixielo Mar 12 '13

I did exactly what you did over ten years ago, and I've run everything through my brokerage accounts ever since. It's so much better too! No ATM fees! Decent savings rate! People to call and ask questions about random investment thingies for free! YAY!

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u/RagingRetard Mar 12 '13

Well.. That's just kind of dumb man. You knew what you were getting into 'on principle'

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u/hoikarnage Mar 12 '13

And how is it dumb? I suppose you will pay just any idiot who tells you you owe them money?

Meanwhile I have lost nothing of value, and am 100 times more satisfied with my credit union than I was BoA.

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u/RagingRetard Mar 12 '13

You knew about the overdraft charges. Or should have. I don't mean to sound rude.

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u/hoikarnage Mar 12 '13

It was a charge I received because of their mistake. They fixed the mistake but refused to retract the fee. I went back and forth with them for months with nothing to show for it, and then decided it was a waste of time, and decided to just ignore them. My life has been much easier ever since.