CS-2026-00251 - BANK OF AMERICA, N.A. v. PRESTON D PITTS

What's This Case About?

Let’s get one thing straight: Bank of America is suing a man in Oklahoma for $2,738.38—less than the cost of a decent used car sound system—over a credit card bill. That’s it. That’s the whole case. No embezzlement. No fraud. No dramatic heist. Just a guy named Preston D. Pitts, a Visa Signature card, and a bank that apparently can’t be bothered to skip litigation over what amounts to a few months of skipped payments and some very aggressive interest charges. But oh, we’re going to milk this one. Because when the nation’s second-largest bank sues a single guy in Creek County, Oklahoma, for under three grand, you know we’ve entered the Twilight Zone of corporate debt collection.

So who is Preston D. Pitts? We don’t know much, and that’s the point. He’s not a shadowy billionaire hiding assets in the Cayman Islands. He’s not a scam artist running a fake online boutique. He’s just… a guy. Lives at 27011 S 497th West Ave in Stroud—yes, that’s a real address, and yes, it’s exactly as rural as it sounds. He had a credit card with Bank of America. At some point, he stopped paying it. The last payment he made was on April 12, 2025—over nine months before the account was officially “charged off” on November 29, 2025. That’s when the bank gave up pretending he was going to pay and decided to write it off as a loss. But “charged off” doesn’t mean “forgiven.” It means: “We’re sending this to collections or suing you now, because we still want our money.” And so, on January 27, 2026, Bank of America, represented by the fine folks at Nelson and Kennard, LLP (a debt collection law firm based in Colorado), filed a lawsuit in Creek County District Court. The cause? Breach of contract. Fancy legal speak for: “You agreed to pay, and you didn’t.”

Now, let’s talk about what actually happened—or at least, what the bank says happened. Preston opened a credit account. He used it. He didn’t pay. That’s the entire story. No dispute over unauthorized charges. No claim that the card was stolen. No argument about identity theft. Just a plain old “you owe us money” situation. The final statement attached to the lawsuit—Exhibit 1, because of course it is—shows a balance of $2,738.38 as of November 14, 2025. That includes $54.65 in interest just for that billing cycle. And get this: his total minimum payment due was $807.00, of which $726.00 was already past due. That’s not a typo. The bank wanted over 800 bucks in one go. For context, the average monthly rent in Stroud, Oklahoma, is around $700. So this one credit card bill was asking for more than what some people pay to live.

And how did we get here? The statement shows no purchases, no fees, no balance transfers—just interest piling up on existing debt. The interest rates? Oh, honey. They’re spicy. 23.74% on purchases. 26.74% on direct deposit and check cash advances. And the pièce de résistance: 28.49% on bank cash advances. That’s nearly 30% interest. For those keeping score at home, that’s ludicrous. If you borrowed $1,000 at that rate and made minimum payments, you’d be paying it off for decades and end up shelling out way more in interest than you borrowed. And the statement even warns him: “If you make only the Total Minimum Payment each period, you will pay more in interest and it will take you longer to pay off your balance.” Then it casually drops the bomb: You’ll pay off the balance in about 9 years… and end up paying an estimated total of $5,087.00. So the bank is fully aware this is a debt trap. And yet, they still sent the bill. And when it didn’t get paid, they didn’t call. They didn’t negotiate. They didn’t offer a payment plan. They didn’t even wait a full year. They just… sued.

Now, why are we in court? Legally, this is a “breach of contract” claim. That means the bank says Preston agreed to the terms of the credit card agreement—probably by checking a box online or signing a form—and then failed to uphold his end of the deal, which was to make payments. That’s it. No drama. No mystery. It’s like if you borrowed a lawnmower from your neighbor and never gave it back, and now they’re taking you to small claims court. Except instead of a lawnmower, it’s a financial product designed to extract money through compounding interest, and instead of your neighbor, it’s a multinational corporation with a $2 trillion balance sheet.

And what does Bank of America want? $2,738.38. Plus court costs. Plus “sheriff’s fees.” Plus “special process server fees.” All the little extras that make suing someone for $2,700 cost way more than $2,700. Is that a lot of money? In the grand scheme of things, no. It’s not even the price of a mid-tier iPhone. But for someone living in rural Oklahoma, where the median household income is around $50,000, $2,700 is over five percent of a year’s take-home pay. It’s two months of groceries. It’s a car repair. It’s a security deposit on a new apartment. It’s real money to real people. And yet, the bank isn’t asking for a payment plan. They’re not offering to settle for less. They’re not even pretending this is about financial recovery. This is about precedent. This is about sending a message: We will sue you for this. Even if it’s petty. Even if it’s embarrassing. Even if it makes us look like bullies.

And that brings us to our take. The most absurd part of this case isn’t the amount. It’s the tone. The lawsuit is written like a Shakespearean tragedy—“COMES NOW the Plaintiff, by and through counsel…”—over a debt that likely started with a few online purchases and snowballed into a financial avalanche thanks to interest rates that would make a loan shark blush. Bank of America isn’t just chasing money. They’re weaponizing the legal system to collect on a debt that, by their own admission, could have been paid off over nine years with minimum payments. But instead of patience, they chose paperwork. Instead of negotiation, they chose litigation.

We’re not saying Preston D. Pitts doesn’t owe the money. He probably does. But we’re also not blind to the fact that this is a classic case of a giant institution using its power to crush an individual under the weight of compound interest and legal fees. And let’s be real: if Preston had $807 lying around, he probably would’ve paid the bill. But he didn’t. And now, instead of helping him dig out, the bank is digging a deeper hole—both for him and for their own public image.

So who are we rooting for? Honestly? Neither. We’re rooting for the system to stop being so ridiculous. We’re rooting for credit cards that don’t charge 28% interest. We’re rooting for banks that call before they sue. We’re rooting for a world where a company worth trillions doesn’t need to file a lawsuit to collect less than three grand from a guy in Stroud.

But until that world exists, we’ll be here—chronicling the petty, the absurd, and the infuriating, one $2,738 lawsuit at a time.

Case Overview

$2,738 Demand Petition

Jurisdiction

District Court of Creek County, Oklahoma

Filing Attorney

Ashton Dewayne Sears

Nelson and Kennard, LLP

Relief Sought

$2,738 Monetary

Plaintiffs

BANK OF AMERICA, N.A. business
Rep: Nelson and Kennard, LLP

Defendants

PRESTON D PITTS individual

Claims

#	Cause of Action	Description
1	breach of contract	failure to make required monthly payments

Petition Text

2,566 words

IN THE DISTRICT COURT OF CREEK COUNTY STATE OF OKLAHOMA BANK OF AMERICA, N.A., Plaintiff, vs. PRESTON D PITTS Defendant(s). PETITION COMES NOW the Plaintiff, by and through counsel, Nelson and Kennard, LLP, and herewith alleges the following and seeks redress as hereafter delineated. 1. Plaintiff is a national banking association, which transacts business within the State of Oklahoma. 2. Venue is proper in this County, as the Defendant(s) reside(s) in this County at the commencement of this action. 3. The last four (4) digits of the Defendant’s account number, used by the current creditor as of the date of default are XXXXXXXXXXXXXX5943. 4. Plaintiff’s claim arises when the Defendant(s) opened a credit account and failed to make the required monthly payments as agreed. The credit account charged off for non-payment on 11/29/25, the balance due at time of default was $2,738.38. A true and accurate copy of the last periodic statement provided to the Defendant(s) prior to charge-off is attached hereto as Exhibit 1. 5. The Defendant(s) breached the Contract by failing to make the required periodic payments. 6. As a direct and proximate result of the Defendant(s) default, the total amount of debt claimed is $2,738.38. 7. The date of the last payment made by the Defendant(s) is April 12, 2025. 8. Plaintiff seeks court costs, and for such further relief as the Court may deem proper in the premises. WHEREFORE, Plaintiff, BANK OF AMERICA, N.A. prays for judgment against the Defendant(s), PRESTON D PITTS in the amount of $2,738.38, plus all costs herein expended, including but not limited to, court costs, sheriff’s fees, and special process server fees; and for such other and further relief as the Court may deem proper in the premises. Dated this January 27, 2026 Nelson and Kennard, LLP By: [signature] Ashton Dewayne Sears, OBA # 35737 12596 W. Bayaud Ave., Ste. 120 Lakewood, CO 80228 Phone: 866-920-2295 [email protected] Attorney for the Plaintiff EXHIBIT 1 BANK OF AMERICA P.O. BOX 15284 WILMINGTON, DE 19850 PRESTON D PITTS 27011 S 497TH WEST AVE STROUD OK 74079-7956 Account Summary/Payment Information Previous Balance Payments and Other Credits Purchases and Adjustments Fees Charged Interest Charged New Balance Total Total Credit Line Total Credit Available Cash Credit Line Portion of Credit Available for Cash Statement Closing Date Days in Billing Cycle $2,683.73 $0.00 $0.00 $0.00 $54.65 $2,738.38 $2,700.00 $0.00 $600.00 $0.00 11/14/2025 31 Customer Service Information: www.bankofamerica.com 1.800.421.2110 Mail billing inquiries to: Bank of America P.O. Box 672050 Dallas TX 75267-2050 Mail payment to: Bank of America P.O. Box 851001 Dallas TX 75285-1001 Visa Signature® Account# 5943 October 15 - November 14, 2025 New Balance Total $2,738.38 Current Payment Due $81.00 Past Due Amount $726.00 Total Minimum Payment Due $807.00 Payment Due Date 12/11/2025 Late Payment Warning: If we do not receive your Total Minimum Payment by the date listed above, you may have to pay a late fee of up to $40.00 and your APRs may be increased up to the Penalty APR of 29.99%. Total Minimum Payment Warning: If you make only the Total Minimum Payment each period, you will pay more in interest and it will take you longer to pay off your balance. For example: <table> <tr> <th>If you make no additional charges using this card and each month you pay</th> <th>You will payoff the balance shown on this statement in about</th> <th>And you will end up paying an estimated total of</th> </tr> <tr> <td>Only the Total Minimum Payment</td> <td>9 years</td> <td>$5,087.00</td> </tr> </table> If you would like information about credit counseling services, call 866.300.5238. BANK OF AMERICA P.O. BOX 851001 DALLAS TX 75285-1001 PRESTON D PITTS 27011 S 497TH WEST AVE STROUD OK 74079-7956 Account Number: 5943 Payment Due Date 12/11/2025 New Balance Total $2,738.38 Total Minimum Payment Due $807.00 Enter payment amount $ For change of address/phone number, see reverse side. Make your payment online at www.bankofamerica.com or Mail this coupon along with your check payable to: Bank of America IMPORTANT INFORMATION ABOUT THIS ACCOUNT PAYING INTEREST - We will not charge you any interest on Purchases if you always pay your entire "Grace Period Balance", as defined in the next two paragraphs, by the Payment Due Date. Specifically, you will not pay Interest for an entire billing cycle on Purchases if you Paid in Full the two previous Grace Period Balances on your account by their respective Payment Due Dates; otherwise, each Purchase begins to accrue interest on its transaction date or the first day of the billing cycle, whichever date is later. We will begin accruing Interest on Balance Transfers and Cash Advances on the transaction date. If you do not have an active Custom Pay Plan, your Grace Period Balance will be the New Balance Total. New Balance Total (also referred to as the "Statement Balance") is the total billed amount as of the Closing Date of a billing cycle, as shown on your monthly statement, plus any adjustments for subsequently returned payments. If you have an active Custom Pay Plan, your Grace Period Balance will be the Interest Saving Balance as shown on your monthly statement plus any adjustments for subsequently returned payments. The Interest Saving Balance is your New Balance Total minus, any balances subject to a Custom Pay Plan, plus any Custom Pay Plan Payment(s) due, as shown on your monthly statement. TOTAL INTEREST CHARGE COMPUTATION - Interest charges accrue and are compounded on a daily basis. To determine the interest charges, we multiply each Balance Subject to Interest Rate by its applicable Daily Periodic Rate and that result is multiplied by the number of days in the billing cycle. To determine the total interest charge for the billing cycle, we add the interest charges together. A Daily Periodic Rate is calculated by dividing an Annual Percentage Rate by 365. HOW WE ALLOCATE YOUR PAYMENTS - Monthly minimum payments are required when you carry a balance. Payments are allocated to posted balances. We will first allocate the amount of your payment equal to the Total Minimum Payment Due to any Custom Pay Plan Payment due, then to the lowest APR balances in turn (including transactions made after this statement). Payment amounts in excess of your Total Minimum Payment Due will be applied to balances with higher APRs before balances with lower APRs, and finally to any Custom Pay Plan balances. IMPORTANT INFORMATION ABOUT PAYMENTS BY PHONE - When using the optional Pay-by-Phone service, you authorize us to initiate an electronic payment from your account at the financial institution you designate. You must authorize the amount and timing of each payment. For your protection, we will ask for security information. To cancel, call us before the scheduled payment date. Same-day payments cannot be edited or canceled. YOUR CREDIT LINES - The Total Credit Line is the amount of credit available for the account; however, only a portion of that is available for Bank Cash Advances. The Cash Credit Line is that amount you have available for Bank Cash Advances. Generally, Bank Cash Advances consist of ATM Cash Advances, Over the Counter (OTC) Cash Advances, Same-Day Online Cash Advances, Overdraft Protection Cash Advances, Cash Equivalents, and applicable transaction fees. PAYMENTS - We credit mailed payments as of the date received, if the payment is: (1) received by 5 p.m. local time at the address shown on the remittance portion of your monthly statement; (2) paid with a check drawn in U.S. dollars on a U.S. financial institution or a U.S. dollar money order; and (3) sent in the return envelope with only the remittance portion of your statement accompanying it. However, mailed payments need not be sent in a return envelope if we sent you a statement without a return envelope. Payments received by mail after 5 p.m. local time at the remittance address on any day including the Payment Due Date, but that otherwise meet the above requirements, will be credited as of the next day. Payments made online or by phone by 11:59 p.m. ET will be credited as of the date they are made. Credit for any other payments may be delayed up to five days. Cash payments made with our tellers will only be accepted with valid identification. No payment, including those marked with paid in full or with any other restrictive words, shall operate as an accord and satisfaction without the prior written approval of one of our senior officers. We process most payment checks electronically by using the information found on your check. When you provide a check as payment, you authorize us to use information from your check to make a one-time electronic fund transfer from your account (or process it as a check or paper draft). When we use information from your check to make an electronic fund transfer, funds may be withdrawn from your account as soon as the same day we receive your payment. Checks are not returned to you. If you have authorized us to pay your bill automatically from your savings or checking account with us, you can stop the payment on any amount you think is wrong. To stop payment, you must contact us at least three business days before the automatic payment is scheduled to occur. CALCULATION OF BALANCES SUBJECT TO INTEREST RATE Average Daily Balance Method (including new Purchases): We calculate separate Balances Subject to an Interest Rate for Purchases and for each Introductory or Promotional Offer balance consisting of Purchases by: (1) calculating a daily balance for each day in the current billing cycle; (2) adding all the daily balances together; and (3) dividing the sum of the daily balances by the number of days in the current billing cycle. To calculate the daily balance for each day in the current billing cycle, we: (1) take the beginning balance less any Purchases assigned to an existing Custom Pay Plan; (2) add an amount equal to the applicable Daily Periodic Rate multiplied by the previous day's daily balance; (3) add new Purchases, new Account Fees, and new Transaction Fees; (4) subtract Purchases assigned to a new Custom Pay Plan; and (5) subtract applicable payments and credits. If any daily balance is less than zero we treat it as zero. Average Balance Method (including new Balance Transfers and new Cash Advances): We calculate separate Balances Subject to an Interest Rate for Balance Transfers, Cash Advances, and for each Introductory or Promotional Offer balance consisting of Balance Transfers or Cash Advances by: (1) calculating a daily balance for each day in the current billing cycle; (2) calculating a daily balance for each day prior to the current billing cycle that had a Pre-Cycle balance - a "Pre-Cycle balance" is a Balance Transfer or a Cash Advance with a transaction date prior to the current billing cycle but with a posting date within the current billing cycle; (3) adding all the daily balances together; and (4) dividing the sum of the daily balances by the number of days in the current billing cycle. To calculate the daily balance for each day in the current billing cycle, we: (1) take the beginning balance; (2) add an amount equal to the applicable Daily Periodic Rate multiplied by the previous day's daily balance; (3) add new Balance Transfers, Cash Advances and Transaction Fees; and (4) subtract applicable payments and credits. If any daily balance is less than zero, we treat it as zero. To calculate a daily balance for each day prior to the current billing cycle that had a Pre-Cycle balance, we: (1) take the beginning balance attributable solely to a Pre-Cycle balance (which will be zero on the transaction date associated with the first Pre-Cycle balance); (2) add an amount equal to the applicable Daily Periodic Rate multiplied by the previous day's daily balance; and (3) add only the applicable Pre-Cycle balances, and their related Transaction Fees. We exclude from this calculation all transactions posted in previous billing cycles. MISCELLANEOUS - Promotional Rate End Date: This date is based on a future statement closing date. If you change your Payment Due Date, this date could change. The New Balance Total which appears on this statement is not a payoff amount and may be subject to additional interest charges when you pay in full after your statement closing date. Virtual cards are the digital form of your eligible physical credit cards stored within a digital wallet. For the complete terms and conditions of your account, consult your Credit Card Agreement. This account is issued and administered by Bank of America. Bank of America is a registered trademark of Bank of America Corporation. ©2025 Bank of America Corporation Transactions <table> <tr> <th>Transaction Date</th> <th>Posting Date</th> <th>Description</th> <th>Reference Number</th> <th>Account Number</th> <th>Amount</th> <th>Total</th> </tr> <tr> <td>11/14</td> <td>11/14</td> <td><b>Interest Charged</b></td> <td colspan="5"></td> </tr> <tr> <td>11/14</td> <td>11/14</td> <td>INTEREST CHARGED ON PURCHASES</td> <td colspan="4">20.57</td> </tr> <tr> <td>11/14</td> <td>11/14</td> <td>INTEREST CHARGED ON BALANCE TRANSFERS</td> <td colspan="4">34.08</td> </tr> <tr> <td>11/14</td> <td>11/14</td> <td>INTEREST CHARGED ON DIR DEP&CHK CASHADV</td> <td colspan="4">0.00</td> </tr> <tr> <td>11/14</td> <td>11/14</td> <td>INTEREST CHARGED ON BANK CASH ADVANCES</td> <td colspan="4">0.00</td> </tr> <tr> <td colspan="6"><b>TOTAL INTEREST CHARGED FOR THIS PERIOD</b></td> <td><b>$54.65</b></td> </tr> </table> <table> <tr> <th>Total fees charged in 2025</th> <th>$229.00</th> </tr> <tr> <th>Total interest charged in 2025</th> <th>$431.60</th> </tr> </table> Interest Charge Calculation Your Annual Percentage Rate (APR) is the annual interest rate on your account. <table> <tr> <th>Type of Balance</th> <th>Annual Percentage Rate</th> <th>Promotional Transaction Type</th> <th>Promotional Offer ID</th> <th>Promotional Rate End Date</th> <th>Balance Subject to Interest Rate</th> <th>Interest Charges by Transaction Type</th> </tr> <tr> <td>Purchases</td> <td>23.74%V</td> <td></td> <td></td> <td></td> <td>$1,020.00</td> <td>$20.57</td> </tr> <tr> <td>Balance Transfers</td> <td>23.74%V</td> <td></td> <td></td> <td></td> <td>$1,690.07</td> <td>$34.08</td> </tr> <tr> <td>Direct Deposit and Check Cash Advances</td> <td>26.74%V</td> <td></td> <td></td> <td></td> <td>$0.00</td> <td>$0.00</td> </tr> <tr> <td>Bank Cash Advances</td> <td>28.49%V</td> <td></td> <td></td> <td></td> <td>$0.00</td> <td>$0.00</td> </tr> </table> APR Type Definitions Daily Interest Rate Type: V= Variable Rate (rate may vary) Important Messages You're a valued customer and we want you to know that we haven't received your current payment due. Please send your payment due today. If you've already mailed it, thank you. Your statement balance exceeds the Total Credit Line. To ensure uninterrupted use of your account, please make a payment to bring your balance under the Total Credit Line. There is no fee for being over your Total Credit Line. When this statement was created, the account's Credit Line was in a restricted status and not available for use. You can request a copy of this statement in either Braille or Large Print by calling 800.432.1000 or going to bankofamerica.com and enter Visually Impaired Access from the home page. Your Reward Summary <table> <tr> <th>.00</th> <th>Base Cash Back Earned</th> </tr> <tr> <th>8.41</th> <th>Total Cash Back Available</th> </tr> </table> Make the most of your rewards program today! 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