Petition Closed

B of A flat lied.

Sara Olsen applied in 2010 for a "Making Homes Affordable" loan modification from Bank of America. They told her it would not affect her credit if she made the trial payment amounts instead of full payment amounts, so she did so. They did not made a decision for 6 months, throughout which they told her it would not hit her credit if she made trial payment amounts. When they finally did reject her modification after 6 months, she immediately began making full monthly payments again, but it was then that they told her that in fact months 4-6 of the trial period would now be counted as late, and would in fact be reported to her credit history.

They told her they were continuing to review her application for an in-house modification and maybe at the end of that they'd be able to repair her credit. But in fact they have not reviewed her file since September 2010. Now due to those "late" payments, not only can she not apply anywhere else to refinance the loan, she can't even get a car loan.

She has been very consistent on all credit payments, with only one single 30-day late payment in 2005. But her ability to get credit is shot because of these all-important "lates" on her mortgage which she was tricked into by B of A's incompetence and lies. She's trapped with B of A!

Letter to
President, CEO and Director Brian T. Moynihan
I just signed the following petition addressed to: Brian Moynihand, CEO, Bank of America.

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Remove the unfair dings from Sara Olsen's credit due to Bank of America told her.

B of A flat lied.

I applied in 2010 for a loan modification from Bank of America. They told me it would not affect my credit if I made the trial payment amounts instead of full payment amounts, so I did so. They did not made a decision for 6 months, throughout which they told me it would not hit my credit if I made trial payment amounts. When they finally did reject my modification after 6 months, I immediately began making full monthly payments again, but it was then that they told me that in fact months 4-6 of the trial period would now be counted as late, and would in fact be reported to my credit history.

They told me they were continuing to review my application for an in-house modification and maybe at the end of that they'd be able to repair my credit. But in fact they have not reviewed my file since September 2010. Now due to those "late" payments, not only can I not apply anywhere else to refinance the loan, I can't even get a car loan.

I have been very consistent on all credit payments, with only one single 30-day late payment in 2005. But my ability to get credit is shot because of these all-important "lates" on my mortgage which I was tricked into by B of A's incompetence and lies. I'm trapped with B of A!

Sincerely,

Sara Olsen
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