Not many people are realizing that they have become the victim of bank abuse. The bank abuse is where the bank is secretly burdening their clients with unexpected rates, fees, or costs based on their interest rates because most of them are having credit cards and currently still have ongoing auto loan. There are so many examples of bank abuse, but all of them have one thing in common and that is the clients are always having credit history or credit records. Now, as client or consumer, you have the right to stand and defend for your rights and you definitely need help from legal center to deal with this bank abuse condition.
It is without any reason why you should seek help from the legal center because it is the only place where you can legally correct and repair your credit and to spot whether you have become the victim of bank abuse or not. The American Credit Shield reviews stated that many consumer interest rates for credit cards and auto loans are determined by the LIBOR rate. Unfortunately, the LIBOR rate already rigged by the banks and 12 banks are now under investigation for rate-manipulation accusation.
If you curious on which banks that currently on the investigation for rate-manipulation accusation are the Bank of America, N.A., the First National Bank of Omaha, HSBC Finance Corporations (including the HSBC Bank USA, N.A., HSBC North America Holdings Inc., HSBC Holding plc, and HSBC Bank plc.), JPMorgan Chase Bank, N.A. and the JPMorgan Chase & Co., Citibank (South Dakota), N.A., Citicorp, and many others. The settlement for the victims of bank abuse has been set for $10 billion for the bank foreclosure abuse and since the reviews have started in the late 2011, the banks already paid around $1.5 billion to consultants who examining the foreclosure records.