BOA settlement

I was browsing the net when I suddenly found that Oak View Law has settled with BoA at 37%. Best of luck.

i negotiated myself...35% on 23500.....don't pay to do this yourself

You can definitely negotiate on your own. They offered me a 23% settlement in 3 payments on a personal card at 150 days delinquent.

Thank you for the advice. I am curious though. Will they offer a settlement even though I am on a dmp and current with my other creditors?

Typically no they won't settle if they see you are current with your other creditors.

I just settled with them for 17% of $40K. You can definitely do it yourself but you will have to not pay them for at least 90 days before they will talk settlement.

mobile is right on...they aren't going to offer anything if they see you making payments to anyone....non-secured that is...

I don't know what to do then. I can't make a payment to them. What is going to happen to me if I don't? There has to be something that can be done. If I don't pay, and they don't offer me a settlement what will they do? If it goes to collections, will I be able to work something out with them. I'm feeling hopeless about this whole situation. I need advice please.

you could offer them a settlement amount. Call them in 3 months say i got X will you take it to make this go away? If they say no they may counter offer, and if they dont and it goes into collections, you could settle it with them too. Dont feel hopeless, a answer will come

call and ask to settle/30% of total should be the settlement. They will you a 1099 for the balance and you will pay taxes on the amount as income for 2011.
If they refuse to settle and put you off----write the BBB w/statement of refusal of settlement (try to get names)