Bank of America freezes gun manufacturer's deposits... claims they shouldn't be building/selling guns

[DevsAdvocate 112]

My blog link: In Defense of Liberty

 

Caught this on Ironic Surrealism. According to their Facebook page, American Spirit Arms (link) which manufactures AR-15 has has their deposits frozen by BofA...Claims: “We Believe You Should Not Be Selling Guns On The Internet”

[BlueLineFish 615]

I need confirmation. I will cancel my card ASAP

[DevsAdvocate 112]

I need confirmation. I will cancel my card ASAP

 

Same, if I could cancel my mortgage with them... I would.

[NicePants 58]

If this is true, all of that crap they and everyone else said about McMillan six months ago was total horseshit (not that I don't already believe that they were bsing when they said that they hadn't refused to do business with McMillan).

[Arbelest 29]

BOA froze my cards when I purchased my first rifle then joined a gun range. I called them up and they said it was "suspicious purchases". Side note didn't they do this with Barret McMillan or another gun manufacturer last year? They were told to do their banking elsewhere?

[NicePants 58]

It was McMillan.

[Caine 147]

http://dailycaller.com/2012/05/10/bank-of-america-responds-to-anti-gun-claim/

[tony357 386]

I moved all my accounts out of bank of america when they gave illegal aliens credit cards...

 

http://www.truthorfi...creditcards.htm

 

I also switched my mortgage.. all in the same day..

[Arbelest 29]

Read your link, the diaologue underneath the synopsis is friggen great!

[tony357 386]

Read your link, the diaologue underneath the synopsis is friggen great!

 

I did read that.. the local branch bank president was pissed that i removed my accounts.

[Secret Squirrel 3]

Have never dealt with BOA because I think that company is a bunch of thieves and cheats.

[H.M. Murdock 0]

BOA screwed me for the last time 3 years ago. It took me 2 trips back to the branch to completely close out my checking account. F those F'ing F'ers to hell and back!!!

 

A credit union and an AMEX account is all I need now. Haven't looked back.

[RecessedFilter 222]

Have never dealt with BOA because I think that company is a bunch of thieves and cheats.

 

That's not just BOA, more like every bank!

[Njbanshee 9]

I'm gonna close out my account

[Socom 19]

This is a lil old I believe! Like beginning of last year they started doing things like this

[Candide 0]

This is a lil old I believe! Like beginning of last year they started doing things like this

 

Read the story. This is new bs by BOA.

[mipafox 438]

BOA froze my cards when I purchased my first rifle then joined a gun range.  I called them up and they said it was "suspicious purchases".  Side note didn't they do this with Barret  McMillan or another gun manufacturer last year? They were told to do their banking elsewhere?

 

I've bought ARs, handguns, and tens of thousands of rounds of ammunition over the internet and FTF with my BOA card for years and never had an issue. My UPS guy wears a weight belt nowadays.

[hd2000fxdl 422]

F BOA, they have been bastards for years and not a company I will deal with.

 

Now if they really want to put up or shut up, I say they remove all their armed guards in there banks out, no more armored trucks, not needed because guns are bad, lets see how well that works out for them. Come on BOA, all or nothing....

[Adam 6]

Wish it was that simple.. can't pull shit from them right now...

[mipafox 438]

Same, if I could cancel my mortgage with them... I would.

 

Do you have a good rate?

 

If not, refi.

 

If house is underwater, you can streamline an FHA loan:

 

http://www.makinghomeaffordable.gov/programs/fallen-value-help/Pages/default.aspx

 

or you can use a Freddie Mac or Fanny Mae relief refi:

 

 

http://www.freddiemac.com/avoidforeclosure/harp_eligibility.html

 

http://knowyouroptions.com/loanlookup

 

Very simple, easier than it was buying your house in the first place. And closing costs (if any) can be rolled into the loan.

[DevsAdvocate 112]

Do you have a good rate?

 

If not, refi.

 

If house is underwater, you can streamline an FHA loan:

 

http://www.makinghom...es/default.aspx

 

or you can use a Freddie Mac or Fanny Mae relief refi:

 

 

http://www.freddiema...ligibility.html

 

http://knowyouroptions.com/loanlookup

 

Very simple, easier than it was buying your house in the first place. And closing costs (if any) can be rolled into the loan.

 

Right now about 5.5%... we bought our home using an FHA loan in the first place, but don't have a lot of capital to refinance.

[mipafox 438]

Right now about 5.5%... we bought our home using an FHA loan in the first place, but don't have a lot of capital to refinance.

 

You must refi RIGHT NOW. FHA is the jackpot. Fannie/Freddie work, but FHA is the grail. There is no way you should have a 5.5% on an FHA loan. You don't need any money down and you don't need any equity, you have to refi. You will probably walk away with 3.5%. Do it. It will be the most painless thing you have ever done. You will probably close in a couple weeks. Don't put it off, shit is too crazy right now and everything could change tomorrow.

 

Call Quicken Loans and get a quote. They are the most expensive but they are also fast as balls. Once you see what they can do for you, your mouth will water and there will be no turning back. Then contact other lenders and find one that can give you an even better deal and has a good rep and will close fast. Authorized lenders are listed on the website I posted above.

 

Good luck.

[RubberBullets 65]

Chrisjm's old lady did my refi from sun national bank. Matched the cheapesr rates i was getting quoted for. Great woman to deal with and was very helpful and answered my questions in laymans terms.

 

Went from a 30yr 2 mortgage. 5.875/6.375 to a 20yr 3.6 a month or two ago.

[chris327 30]

Time is now. I closed about 6 months ago at 3.75 if i waited like 2 weeks would have been 3.5. I did an FHA 3.5% down payment. It worked for me. it cant hurt to look into it. Talk to some lenders and see your options.

[DevsAdvocate 112]

I'll get right on it! I thought I needed a ton of cash in the bank to refinance!

[voyager9 3,434]

Not to threadjack but I could use some opinions in this area. My current rate (5.25) is such that it makes sense to take advantage of the lower rates currently available. The problem is my home value has dropped significantly to the point where I don't have enough equity to avoid PMI. Also I had previously refi'd in 2010 so I don't meet the requirements for HARP and those kinds of programs. Anyone know of other options that may be available besides moving forward and getting stuck with PMI?

[JackDaWack 2,895]

Been thinking about closing out my market savings account with BOA. They just made it easy for me.