Bank of America profit through charging fees, can I sue them after ruining my GOOD CREDIT history

Asked 8 months ago - Westfield, NJ

I have a secure Bank of America credit card with $300 limit since 2009 my payments are $15 monthly I pay $30 I also make additional payments

12/10 I change banks to another bank & I called in plenty of time to set up the auto for the new bank... B of A tried to take money from old bank & cancel new bank.auto payment, my balance was $177

4/11 I found out that they were not taking money from the new bank,tag on lots of fees to make balance $410 , reported to credit agency high balance..I put auto payments on 3x's & they keep taking it off & charging me fees
I spoke with president office & they agree to take the fees off report the corrections, they have not..

They have also reported me late, I have overdraft protection & it is only $15 monthly

They have ruin my credit

Additional information

Thank you all....

Attorney answers (4)

  1. Dorothy G Bunce

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    Answered . Your right to sue for a financial institution are regulated by the provisions of the federal Fair Credit Reporting Act. I am posting a link to a copy of that law below. Some states also have laws that address this issue. My experience is that these laws put a huge burden on consumers requiring them to follow procedures that suing is nearly impossible unless a lawyer is standing by your side. I suggest contacting an attorney that handles consumer law if you are determined to proceed. Hope this perspective helps!

  2. Giacomo Jacques Behar

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    Answered . Follow attorney Bunce's advice.

    Behar Intl. Counsel 619.234.5962 Kindly be advised that the answer above is only general in nature cannot be... more
  3. Gary D. Bollinger

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    Answered . A secured credit card would likely have a provision that auto-draft can only come from the account that secures the card.
    Review your credit agreement.

  4. Michael Glynn Busby Jr.

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    Contributor Level 19

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    Answered . What would be your question? Perhaps you should consider a bankruptcy?

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