What is the best settlement offer from BofA???
Date: Thu, 02/26/2009 - 19:04
I am trying to get a feel for what BofA is doing these days in the way of debt settlement. I know they used to be around 20% payable within 6 installments. Anyone settle with them recently, and could you give details?
Thanks!
I have seen them offer settlements as low as .20 cents on the do
I have seen them offer settlements as low as .20 cents on the dollar before charge off (usually 180 delinquent).
I settled at 26% in 4 payments - one payment left to make.
I settled at 26% in 4 payments - one payment left to make.
The following threads may be helpful to you: - Has anyone wor
The following threads may be helpful to you: -
Has anyone worked with bank of america (cred. card) on debt settlement?
Bank of America Settlement
BoA settlement offer
Hi, Sunnymay,
Thanks for your reply to my question on unsecured debt in default & NC move.
We settled a $3514.78 balance with them in 2008 with 3 consecutive monthly payments that totaled $530 @ $177, $177, $176. That was 15cents on the $1. My husband negotiated the debt himself but our debt settlement advisor made it official and we appreciated his attention to details. We opened a separate bank account for all settlement funds and make deposits into it to pay out of so they can't get to our main checking account funds.
Hope this helps.
Website of Oak View Law is showing that they have settled with B
Website of Oak View Law is showing that they have settled with Bank of America at 37% in their success stories section.
Kirsten, quick question. How long did you go without paying on
Kirsten, quick question. How long did you go without paying on the BOA cc before they accepted your settlement offer? I am going to negotiate my settlements myself and I know the sticky thing is knowing when to start trying to settle. Too soon and they will not work with you and too late and you are in collections. Thanks for any tips you can offer.