BOFA not settling anymore?

you may have heard right.....I have been unable to settle with them. They sent me to Fred Hanna and 1 acct already has been sold to a debt buyer....not sure what to expect.
oh well

Not necessarily a bad thing depending on who the buyer is. Buyers pay pennies on the dollar for debt and have a lot more margin to negotiate from.

Settling with a collection company or debt buyer is typical in the settlement industry. As FreakyFriday mentioned they pay pennies on the dollar for your debt.

B of A offered 25% settlements on all 4 of my accounts. 2 are 120 days late and the other 2 are only 90 days late. Total balance for all cards was over $50,000. These were business accounts. I have a phone number and extension # at BofA for the representative that worked with me if someone wants it.

B of A offered 25% settlements on all 4 of my business accounts.

Wallace -

What was the timeframe on those 25% settlements?

Thanks,

Pay in one lump sum or 5 payments. 120 days late. Nothing in writing yet. Still up for negotiation. Need to get all the funds to pay them first. They talked like they would reduce the percentage even more. Very nice guy I talked to.

Wallace, who did you work with at BofA? I'm trying to settle with them but they keep sending me to the hardship department. I too am 120 days late. Can you PM the phone number & extension # to me? Thanks

guest please email me @ morris underscore truck@ yahoo.com with the contact at BOA.

thanks

I too am trying desperately to settle with BofA. If anyone has a good BofA representative they are working with, would you please email me???? My email address is: [email]nmichellek@yahoo.com[/email]
I appreciate any help!

I only have a loan that was a charge off of $700 what should I expect to pay

Could you please email me that name a number it would sure help [email]Hassell3@cox.net[/email]

b of a will settle, if you are delinquent... AND you must contact the hardship department in order to get the settlement... the associates are very nice, but you will have to be willing to let them know whats going on and go over a little bit of financial information, such as income vs expenses... its uncomfortable to talk about, but its necessary paperwork on their end.. they do try to make it as pleasant as possible tho, as long as you talk WITH them, not AT them

b of a will settle, if you are delinquent... AND you must contact the hardship department in order to get the settlement... the associates are very nice, but you will have to be willing to let them know whats going on and go over a little bit of financial information, such as income vs expenses... its uncomfortable to talk about, but its necessary paperwork on their end.. they do try to make it as pleasant as possible tho, as long as you talk WITH them, not AT them