Hello I am starting to get calls from cfg i owe bank of america. per the acct rep my balance is $12,864 but they will settle for $6700. sounded good to me. I told him to send me something in writing, problem is they want it all paid in one lump sum. I called the acct rep and advised him that I would like to make payment arrangements. He put me on hold, came back on the line, and said that he will lower my balance even further down to $3200. but still want this in one lump sum. I am awaiting something in writing again with the new settlement offer. Does this sound legit or what, it sounds to good to be true. I have until 10/22/10 to pay this settlement amt
. they will then have this debt showing as a positive on my credit report. I just hope this isn't B.S. as I will have to borrower this money from my elderly parents. I don't want this debt to pop up again with another collection agency. By the way my acct rep was very nice and polite.