Bank of America Line of Credit

Heya lost, i'm not certain on this but i think that the only way u will be able to settle a debt for a lesser amt is if ur in default. If all are current i'm not sure they will settle!
but hang tight and someone with more knowledge on this will be around soon to help u with more answers!
Good Luck,
Ang

sifxpert guarantees he could settle b of a accounts for no more than 20% of the balance and has on his site that most b of a accounts over 40k settle for 10%. Ive never read about another company offering a guarantee.

I'm in the same boat $109,000 boa credit line unsured and about 60,000 in other cards. Im current with all right now though. any help would be great

After 150 days I settled a 32.000 account and a 28,000 account for 12,000 Total. So it can work but I have heard they have gotten tougher. Hey stop paying and try in 3-5 months and if it does not work go BK.

Boa has been great to work with. I have 2 lines of credit and 4 cc with them. Total of about 80,000. They have offered 25% settlements for all cards. 90 days late on some and 120 days late on the others.

what do you tell them when you talk to them on the phone you have lost job, gambling debt, just dont make enough or what. I hear about all these settlements I scared that they might not settle and then what interest will be so high. A little help please

In my case I told the truth. My wife's company went under. Gambling debt sounds pretty weak - I wouldn't even settle with you on that one. Because if they check your charges, application, ect and see you are BS they might tell you to pound salt!

Wow, you all must have gotten better collections people with BOA then we did. They were viscious. But not quite as bad as the HSBC people. We disconnected our phone after those people got ahold of us. After the first month, then our debt settlement co. was able to stop the phone calls.