My banks keep messing up my loans/terms, any advice?

Answers:0   |   LastUpdateAt:2012-09-10 05:51:04  

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loiloi
Asked at 2012-09-10 05:51:04
I had some loans through my partner, I used a small car for about $ 6,000, a larger one for about $ 28,500, and then we had some stuff combined to make at home, etc, what was a capital house for about $ 30,000 ... all in all those joined about a year or two fairly closely though, and it all started as lines of credit, fixed interest rates. MedlinePlus MedlinePlus We both continued to make payments on time, and were in excellent condition, this credit crisis hit all ... our credit cards, some of them, was cut boundaries, one or two just ended ..... then two of these credit lines became variable rates ... and then if that was not enough, fell terms of say 6 to 8 years to 5, like ... MedlinePlus MedlinePlus and just today I learned that they are freezing, the two of them, and they are no longer credit lines simply loans .. that completely eradicates drawing more on what we say at a later date. MedlinePlus MedlinePlus MedlinePlus So now I am very angry about everything, because I feel that we are messed around by these banks just because they "can", despite having a good credit if not great, make our payments on time, and that in Actually not that bad of outstanding debt is not all in the name of a person. MedlinePlus MedlinePlus is just ridiculous though. We have been paying, and we still have plenty of other funds available that we never use, and income is good .. everything is good. MedlinePlus MedlinePlus So now I'm depressed becuase in the last year, with all this slashing, that really put a dent in the possibility of withdrawing espeially for necessary things like health accounts. MedlinePlus MedlinePlus MedlinePlus So from now on I would like to know what the best option would be? MedlinePlus MedlinePlus Should I leave well enough alone, or should I try a different bank and then only a few consolidated into a larger loan, or try to get a line of credit and transfer and pay only one, pardon my language, cr @ ppy loan offers we have now? MedlinePlus MedlinePlus Another concern is that with this debt, which is not astronomical, but it's still a bit ... MedlinePlus MedlinePlus Will they be less likely to pass, especially if it's safe? Is it going to help anyone .. and not only over the phone and Internet, and perhaps placing a guarantee or insure can help with something? MedlinePlus MedlinePlus MedlinePlus MedlinePlus The thing is, I used personal credit lines to have a safety net in case of an emergency and I mess over spend, or what financial crises can arise especially in this economy, and it is something that you pay but also can be reached if needed. MedlinePlus MedlinePlus It's great for bailouts, but now banks are severely cut down, and well .... not much available. MedlinePlus MedlinePlus MedlinePlus So I'm very upset about it. I mean I can understand the economy is bad, but ... these banks are not even give early warnings to warn about changes @! MedlinePlus MedlinePlus They never notified us of this recent change in becoming only loans and lines of credit not got it approved. MedlinePlus MedlinePlus no letter in the mail, it just happened. MedlinePlus MedlinePlus All this is, of course, Bank of America! MedlinePlus MedlinePlus the other is the capital, and well so far. MedlinePlus MedlinePlus MedlinePlus MedlinePlus Bank of America is a bad place to do business? MedlinePlus MedlinePlus MedlinePlus Even treat their loyal customers like dirt and have been betting with them for long! MedlinePlus MedlinePlus MedlinePlus Very depressing I say. MedlinePlus MedlinePlus MedlinePlus What are our options? I do not want to get into some debt consolidation, either because I totally can pay bills loans etc, tey're not much considering it is widespread for many years, and they serve a great purpose to withdraw money if are lines of credit.
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