Wednesday, February 11, 2009

Bank Pressure

Man Claims Bank Of America Tried To Pressure Him To Pay His Dead Mother's Debts

When Paul Kelleher's 52-year old mother died of cancer at the end of January, she left no estate. As a courtesy, Kelleher said he called her creditors, including Bank of America, where her debt was about $1,000.

After getting an expression of condolence, Kelleher said the bank representative asked him how he planned to take care of his mother's balance. He told her he wasn't obligated to pay the debt, and added the bank should follow the necessary probate procedures.

Kelleher: "She told me that if it were her mom she would pay for it. And then she added insult to injury, and said that this is why we're in the financial crisis that we're in, that banks were having to write off defaulted loans."

Full Article and Source:
Grieving Son Takes On Banking Giant

More information:
Man, bank in flap over dead mom’s debt

6 comments:

Anonymous said...

I saw this on "Countdown" with Keith Olberman and he had it on his "Worst Person in the World" catagory -- he really did a good job showing the stupidity and greed of BoM,

Anonymous said...

Banks are the most difficult to deal with and don't stop at legal tactics. Even when the banks exceeds the bounds of law, the wrongs are rarely recognized.

Anonymous said...

Their true colors show through their employees.

Anonymous said...

Their employees are acting pursuant to orders from the top! Don't blame anyone but the boss!

Anonymous said...

You're right, Anonymous 4, but the employee should have had enough sense to not read the script here as well.

Perhaps the employee wasn't even paying attention?

Anonymous said...

Paul is not responsible for his mothers debts when the estate has no assets. I don't know who would have any sympathy for any bank expecially the CEO's after seeing firsthand how they spent "our" tax money for their luxuries....I say: boo hoo.