Your Friend LLC

First, there are a few banks which DO NOT WORK WELL WITH OTHERS.  They have been in the news, so this is nothing new.  But take the warnings, or you may be next.  I did not listen.  There are banks, like Bank Of America, which use unfair credit practices.

Particularly, if you find yourself in a situation where they ever say “Oh I will take care of that.” Do not believe them.  Stay online with them until the job is done.  And, even if you PAY OFF AN ENTIRE CARD, expect a bill from them afterwards, even if you no longer have access to the account.  They will not pay from one account to another.  They will destroy your credit before they tell you there is a problem…even if you have other credit with them that they owe YOU money on.  The list goes on and on.

But I am here to tell you that there are HUNDREDS of banks that

1) do not have unfair credit practices,

2) will call you or email you before a 30-days late occurs,

3) will allow you to transfer money from other accounts,

4) will not lose track of your payment, or otherwise mismanage your conversation,

5) will allow you to search for a payment using filters, not just view PDF statements.

Ebills … that is another thing we have to warn you about.   Try searching through paper bills for a particular payment, or payment amount.  Nowadays, these electronic payments should be completely searchable by payment amount, payment reciever, and account number paid.  There is SO much information available in these electronic transactions, and you are paying them to keep good accounting records.  This is why people keep their money under a mattress.  Do you shop for your bank? Or do you just pay for their location?  SHOP THEIR SERVICE!!  Choose the best services.

Enough said, you have been warned.  You may not have listened to YOUR parents, either.

A headstart?  basically a credit union is going to beat your local “bank” any day.

• USAA Federal Savings Bank is the best, and always have been.
• Chase Bank (JP Morgan) has wised up and changed their wicked ways…they used to be bad, as described above, but found the error in their ways, and changed recently from the Dark Side.  Chase Bank still needs to fix their business services a bit, but they are getting better.
• Wells Fargo is on the Dark Side.
• Capital One is the best credit card for staying out of debt, cause they charge you double minimum payment every month, which is a great deterrent from accumulating debt.  Then, when you run into trouble, and have to cut your payment in half, you will still be making a NORMAL minimum payment.
• Bank Of America had a recent merger and sent alot of their work overseas.  That’s when Bank Of America became “the worst of the worst”.  They began losing records on a regular basis.  Sending wire transfers without following instructions from the sender.  Mark my words, they are going to lose a class action lawsuit SOON.  Do Not Invest in anything related to Bank Of America.  They have gotten too big for their britches.  They do NOT care about their depositors.