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SunTrust HELOC Accounts: Now you see it, now you don’t?

September 11th, 2009. By Kristine B

Do you believe in magic? Seems maybe you should if you were one of the folks who allegedly saw their SunTrust HELOC account do a disappearing act for no apparent reason. It’s kinda like that bewildered feeling you have after sitting through some dazzling Vegas magic act—asking, how’d they do that?

Guess it’s gotten to be a bit commonplace to ask “how’d they do that?” when you’re talking about banks. Given the recent troubles faced by numerous financial firms over the past year or so, it should be no surprise that many clients are filing lawsuits against their financial firms, alleging, among other things, mismanagement of accounts. 

However, when lawsuits arise alleging that banks are singling out vulnerable individuals and freezing, decreasing or altogether terminating their lines of credit, you have to wonder what’s going on. And your “how’d they do that?” starts to become “why’d they do that?”

Take the SunTrust Bank situation. SunTrust is accused of taking drastic action against senior citizens— Read the rest of this entry »

Tags: SunTrust
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