Bank of America tests Credit Card for Illegals

Bank of America is testing a program that would issue credit cards to people without a Social Security Number or Credit History, as long as they have had a Bank of America account for 3 months, without an overdraft.

They have been testing the program at 5 branches in LA, and has recently expanded this to 51 branches.

More Here

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B of A is a typical big corporation that only cares about money. Not of this country's best interest. In my opinion they are aiding and abbetting 20 million known criminals

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They just lost my business. As if i had any with them

I'll keep that in mind when we change banks. We're at Wells Fargo right now, and are leaving soon 1. because it's too far away from where we live and 2. They give special treatment to Illegals.  My husband said that's what he's gonna tell them about why we are leaving them.  My issue is, Most banks pander.  Are there any that don't anymore?

Banks are the worst offenders. They hav been giving Illegas home loans for years. In my opinion and in the eyes of the law these entities should be jailed for aiding and abbetting a KNOWN criminal. If you or I were to do anything that was considered aiding and abbetting a known criminal we would be jailed no questions asked

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When I heard what BofA is doing, I've decided when I send in my Visa payment, I'm including my card all cut up in teeny-tiny pieces.  They're not going to have my business either.

But maybe there is a bright side to this -- if all these people are getting credit -- they can now pay for their own doctors, hospitalization, medication, car seats,  school meals, etc.  They can even go off food stamps. We need to demand it!

 

 

 

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I read your post here and in the Abortion/Life. Are you still In Southern California if do how do you stand it. I left there in the early 90's and it was already out of control with gangs, Illegals, Crazy liberals and the like. How?

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Believe it or not, I live in a Conservative community just outside the LA Basin since 1985. What has kept me here is my home, the beautiful weather and my paycheck! Plus, I can't stand the cold and snow.

What's nice about my community is that we have a graffiti hotline -- so it's virtually non-existent and if we have a gang problem -- it's kept quiet probably so our property values will remain high. We're considered to be one of the safest and most desirable places to live in the U.S.

The people we elect to office both in the State and Federal governments are Conservatives. Who would have "thunk" it down here in Lala Liberal Land.

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Its time that Banks and any business that does business with illegals needs to be punished, what part of illegal dont anyone understand? But then again the banks are the biggest crooks in the country, so go figure.

Quote from another poster:

Bank of America is testing a program that would issue credit cards to people without a Social Security Number or Credit History,

 as long as they have had a Bank of America account for 3 months, without an overdraft.

That would be funny if it weren't so disgusting!  They don't have to be legal, they just have to be a benefit to the bank...no overdrafts!

 

Wow! are you kidding me is your dog's name Lakota too?

 

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I think it is time to call for a national boycott of Bank of America.  I'm going to start a petition.

wilbrook said: I think it is time to call for a national boycott of Bank of America.  I'm going to start a petition.

 

I will sign it!

Bank of America is not the only one. CITI has been doing this for yrs. I know  Wells Fargo was opening up bank accounts for illegals in FL using their Matricular Counselor Card. I also heard a few yrs ago they were going to start doing loans WITHOUT proof of citizenship as it was up to the government to determine who was in this country illegally.

Mortgage business is rampant with fraud and lenders turn the other way. If an underwriter questions someones citizenship they are told"well you can't call them a liar" Once they have marked on the application they are a citizen...case closed. Brokers have figured it out and the ALT A mortgage programs only further aid their fraud. ALT A offers Stated Income , NO DOC and NO RATIO  loans where the borrower does not have to provide income documentation. After they have lied on the application, used someone elses SS# that has a sufficient FICO score for the program, their in. Verbal VOE's are required in most cases but 99 & 9/10th %  of the time their employer is hispanic ,same with their landlord.

FHA< FNMA & FREDDIE MAC, not wanting to be left out of the financial windfall are coming out with programs where borrowers will not have to prove legal status and get into a home with less than 3% down. The best part is...........the taxpayers get to pay for it because these entities are government insured.

Is there anyway we can fight this!

As a mortgage underwriter, I will not back down. I call it as I see it. Homeownership until now has been a right reserved for citizens and those in this country legally that qualify.

Another trend I see but haven't been able to prove yet is the difference in FICO scores between citizens and non-citizens. It appears citizens with the same credit profile as a non citizen will carry a lower score. That would mean the citizen is paying a higher rate for the same service as a non-citizen.

 

 

America needs to WAKE UP!

How can it be possible that you can own a piece of American soil without being a citizen. I have a problem with that !

Bedrock......it happens everyday..it's called fraud.

The sad thing is lenders & banks know it. it only becomes a problem for them if the borrower doesn't pay, other than that they don't care it generates income for them.

What some of us in the industry are trying to find out especially in light of the fact the FHA, FNMA & FREDDIE MAC are going to offer programs that do not require proof of legal status, is how they are getting around the Patriot Act

SoCal Native said: Believe it or not, I live in a Conservative community just outside the LA Basin since 1985. What has kept me here is my home, the beautiful weather and my paycheck! Plus, I can't stand the cold and snow.

What's nice about my community is that we have a graffiti hotline -- so it's virtually non-existent and if we have a gang problem -- it's kept quiet probably so our property values will remain high. We're considered to be one of the safest and most desirable places to live in the U.S.

The people we elect to office both in the State and Federal governments are Conservatives. Who would have "thunk" it down here in Lala Liberal Land.

 

Lived in Belmont Shores, was a nice area but they came in and put a bike path on the beach and the next thing you know you could not go on the beach at night because of the gangs.

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