It might not be unheard of but it is illegal. Federal
law is that if a finacial institution denys credit or
a credit extension, then they have to give a clear
reason for the decision. “we plugged the numbers in
our computer and that’s the way it came out” does not
meet that requirement. I had a similar case with
wachovia. I’d requested a credit line, they had turned
it down. I ask for the reason and got a similar
nochalant answer. I then ask in wrighting and was
ignored. Caaled a few more times and was just put on
hold. I drug out my book on who to complain to and
filed with the comptroller of the currency. i then
just waited. Well I got a call from a vice president
from wachovia’s corp. office. She got to give me a
reason that met the requirements of the law after tell
me that she had overuled the lower decision and
extended the credit line. Madam vice pres also got to
listen to a lecture from me on proper business
practices and business ethics. I never used the credit
line becouse I handled it in a different way.
  Washingtom mutual dissed gary, a 10 year cutomer. I
do not know if it was race, disability, or just
stupitity, but, they dissed him. I see no reason for
one person with a disability to let them dis them
becouse they’ll do it to another so he needs to file
the complaint so another disabled person will be
handled better next time. alSo merger be damned, I
don’t do business with businesses that treat me wrong.
You do not reward incompetance, you go elsewhere.
  i am not over anybodies barrel.
   Just my humble opinion.

--- Trisha Cummings <[log in to unmask]> wrote:
> Hi Ken and Gary,
>
>   Glad the credit union will help!!
>   Ken, This not unheard behavior for a bank - I have
> banked with Suntrust since they gobbled up - Crestar
> - which had gobbled up whoever I was banking with -
> who in turn had gobbled up my orginal bank - NS&T -
> all the years banking with the same account - 1976
> - I wanted to do a home equity line of credit - with
> a max of $30,000.00 ( I have roughly $300,000.00 in
> equity in the house - so I was asking for roughly
> 10%)if I needed the money for Amber's college than
> anything I really wanted to do - would have been
> nice to fix a few things in the house and pay off
> Citibank - but nothing huge. The idea was open the
> line and maybe spend a $1,000, for the bathroom
> floor - pay it off, then do the next small thing and
> have the money available for college when it was
> needed - I was turned down - they would refinance
> the whole house - but not do the home equity line of
> credit - why my credit is not sterling - actually I
> think its because they would get more out a
> refinance than just a small loan. Turns out I have
> saved enough money for Amber's college - so I can
> pay it outright.I can't imagine actually needing
> money - have that much tied up in your house and not
> being able to get to it inthe manner you want. If
> your credit is the least bit less than sterling -
> the banks have you over a barrel. Guess who won't
> finanace my next car!!!
>
>                                            Trisha
>
> -----Original Message-----
> From: St. John's University Cerebral Palsy List
> [mailto:[log in to unmask]]On Behalf Of
> ken barber
> Sent: Monday, March 21, 2005 8:52 AM
> To: [log in to unmask]
> Subject: Re: Thanks!!
>
>
> please tell me that the bank is a prior  business
> relationship. You did fire them i hope. and i hope
> you
> put in a complaint with the comptroler general.
>
> --- Gary Peterson <[log in to unmask]> wrote:
> > Hi all!
> >
> > Just want to say thanks to everyone who gave me
> > suggestions and
> > feedback in trying to obtain a loan.  I'm
> extremely
> > happy to
> > report my quest was a complete success!!  While
> the
> > bank I've
> > been with for over 10 years turned me down saying
> > simply their
> > decision was based on the result of the numbers
> they
> > put into
> > their computer, My local community credit union
> > couldn't have
> > been nicer.  As well as being so nice, they said
> as
> > far as they
> > were concerned, my credit was just fine.  Thanks
> > again and
> > everyone have a great week.
> >
> > See ya-Gary
> >
>
>
>
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