I recently received a settlement check and deposited it with my bank. I’ve been with this bank for 12 years. Back in 2021 my business was approved for a cc through BofA. I eventually defaulted on the cc due to a business gone bad. Unbeknownst to me BofA TOOK 7,010.19 from my deposit account to pay the business cc that had been closed since 11/2022. This offset policy was very new to me a I’ve never heard of this or has it happen to me. Through research I have read that right of offset is prohibited for cc. This offset has cause tremendous financial hardship. I am fighting hard to get my funds back.
Statistics: Posted by Tekiturn — Sun Jan 14, 2024 2:11 pm — Replies 6 — Views 416