Banking Nightmare: Bank of America Declares Live South Carolina Customer Dead – ABC News

Arthur Livingston, of Prosperity, S.C., may feel prosperous and alive, but his credit report says, “File not scored because subject is deceased.”

That’s because Livingston’s bank, Bank of America, has been reporting him as deceased to the three major credit agencies since May 2009, he said.

Bank of America has still not resolved the issue, even after media attention, causing headaches for Livingston, 39, and his family in South Carolina.

A regional manager of a chemical company, Livingston, discovered the dilemma when he tried to obtain a loan from a mortgage company in October. The problem may have begun when Livingston, who said he has been a Bank of America customer for 14 years, sold his home in May 2009.

Five months since he discovered the problem, Bank of America still does not have a solution, and his mortgage company has not been able to obtain his credit score to give him a loan for his new home, which he said is the “major problem” with being “deceased.” He also fears the inactivity on his credit will negatively affect his credit score.

A spokeswoman for Bank of America told ABC News on Thursday said the company is working with Livingston directly to “resolve this issue as quickly as possible.”

via Banking Nightmare: Bank of America Declares Live South Carolina Customer Dead – ABC News.

Strange Random Credit Quote:

A person who can’t pay gets another person who can’t pay to guarantee that he can pay. Like a person with two wooden legs getting another person with two wooden legs to guarantee that he has got two natural legs. It don’t make either of them able to do a walking-match.- Charles Dickens

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Posted on February 14, 2012, in Article and tagged , , , , , , , , . Bookmark the permalink. Leave a comment.

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