110 days past due - BoA settlement?
Date: Fri, 03/13/2009 - 09:31
I have two past due BoA CCs (15 K and 35K). Before this, I never missed a payment.
My income barely pays our other bills. My husband has been starting up a business ans "should" be making $ soon, but that was his story for almost a year now.
I am getting a tax refund for 10K. As of right now, that is all we have.
Do I tell BoA 10K is all we have and ask for a settlement on that? Is that wa too low?What is the best way to settle?
Absolutely don't show them your deck of cards! 10K may actually
Absolutely don't show them your deck of cards! 10K may actually settle both of your BOA cards.
BofA will settle for 20% if you wait until you are closer to 150
BofA will settle for 20% if you wait until you are closer to 150 days past due. $10K is more than enough - how past due are you right now?
Oh sorry...I see now in your subject heading that you are 110 da
Oh sorry...I see now in your subject heading that you are 110 days past due. I would wait another month and then make your offer.
Did you make an offer to BOA or did they approach you? You proba
Did you make an offer to BOA or did they approach you? You probably should wait a little longer from what I hear. Off topic--but your tax refund is going to be 10k, that is quite large. You should tell your employer to start taking out less, that way you get to keep more of your money instead of giving the government an interest free loan.
I just mentioned to the one CC that I have a tax refund coming a
I just mentioned to the one CC that I have a tax refund coming and I was interested in a settlement. But I didn't say how much my refund was for!
So how do I bring it up?
Do I really lowball them and see if they counter offer with something I can pay?
off topic - Yeah, I have to change my tax settings. A couple years back I owed $ and changed my status to single with no exemptions (then had two kids in the meantime!)