Bank of Hell on U Tube business practices

**NikoSan999** · 12-08-2009, 08:50 AM

Ok, this just totally backs up everything I've already said. This is totally outrageous. Click on link to read Bank of Hell's practices recited by an ex-employee. And they aren't denying. Includes a U Tube video of her

http://www.dailyfinance.com/2009/12/...-at-banks-col/

**Greebo** · 12-08-2009, 09:00 AM

Powerful testimony.

**miss_thrifty** · 12-08-2009, 09:51 AM

thanks for sharing.

**Luv2BeFrugal** · 12-08-2009, 04:35 PM

Wow...sad... Glad she posted the video...

**Palooka** · 12-09-2009, 12:11 AM

Just wow! I'm telling you...you should do some serious marketing about Bank of Hell.

I was talking to one of my friends the other day about BoH(and thinking about you saying it)

He was like...no, no...they saved my butt cuz they consolidated his debt that was 20 thousand into one cheaper payment a month. I was thinking you just wait...He is not really known for on time payments. :p (but his wife mostly takes care of it)

**NikoSan999** · 12-09-2009, 10:46 AM

Originally Posted by Palooka

Just wow! I'm telling you...you should do some serious marketing about Bank of Hell.

I was talking to one of my friends the other day about BoH(and thinking about you saying it)

He was like...no, no...they saved my butt cuz they consolidated his debt that was 20 thousand into one cheaper payment a month. I was thinking you just wait...He is not really known for on time payments. :p (but his wife mostly takes care of it)

Palooka, I'm curious...do you know if they took a bunch of unsecured debt and rolled it into secured? And/or if they financed it into a locked rate or variable?
You can bet he'll be bending over before they are done.

**Greebo** · 12-09-2009, 10:50 AM

Consolidation CAN be ok. *IF* you have actually changed your habits and are committed to NO NEW DEBT.

Most people who consolidate, however, are not.

**annymoll** · 12-09-2009, 05:03 PM

The sweetest thing you can carry in your wallet is cash.We have two personal CC, and two business cards. We have not encounted any problems as we have not been late or over our limit. We pay the cards off each month. I am in no rush to deal with BOA, and will never do business with them, although I do understand they are in business to make money.I like to be independent, therefore I agree with the terms, and they stay to my liking, or I do not continue to do business. Our local bank and credit union will be first choice , as always, for our business.

**Palooka** · 12-09-2009, 10:12 PM

Originally Posted by NikoSan999

Palooka, I'm curious...do you know if they took a bunch of unsecured debt and rolled it into secured? And/or if they financed it into a locked rate or variable?
You can bet he'll be bending over before they are done.

I'm pretty sure it was just credit cards but we didn't go into a lot of detail. I think they gave him a loan that was a cheaper interest to make the monthly payments easier.

I think it's a locked rate. It wouldn't make sense if they did a variable, I would think. I could always ask for more details though.

**Greebo** · 12-09-2009, 11:09 PM

What Niko is asking is, did they use their house to pay off a bunch of credit cards?

**Palooka** · 12-09-2009, 11:33 PM

Originally Posted by Greebo

What Niko is asking is, did they use their house to pay off a bunch of credit cards?

No No! They just took credit cards or loans that was in his name only(I think) and pretty much got one loan. Like a consolidation loan and BoH payed the other debts off. Like a signature loan I guess you would call it.

So now instead of god knows how many payments to each debt, just pay one payment a month. Hope that made sense.

I know for sure it didn't have anything to do with their house.

**Greebo** · 12-10-2009, 05:31 AM

Well here's hoping they change their habits otherwise they're going to end up like I did. More credit card debt on TOP of the consolidation loan...

**Palooka** · 12-10-2009, 09:40 PM

I know what you are saying because I've made that mistake before.

But no, they charged a brand new bed and dressers at Nebraska furniture not that long ago. One of those 12 months no interest kind of deals.

**Saydee** · 12-10-2009, 11:14 PM

BOA is evil! We never kept a balance and paid any charges off every month and we rarely used the card and what do they do? Send us a letter saying we are going to start charging you a yearly fee of $29.00. WTH?

We promptly called and canceled the card...best thing we've done so far this year.