How to confirm a settlement offer is legitimate??
Date: Thu, 03/26/2009 - 13:12
I received a settlement letter from BofA. Should I follow up with a call into customer services to confirm that the letter/offer is legitimate or will this throw a wrench in the process and muddle things up?
The letter clearly states that they will accept the lesser amount as settlement and when completed the account will be considered settled and I will not be obligated to pay the remaining balance. And since the remaining amount is over $600 they will 1099 for the difference.
The letter is dated, signed and has my acct #.
Am I good to go?? Any feedback is greatly appreciated.
Thanks!
The letter clearly states that they will accept the lesser amount as settlement and when completed the account will be considered settled and I will not be obligated to pay the remaining balance. And since the remaining amount is over $600 they will 1099 for the difference.
The letter is dated, signed and has my acct #.
Am I good to go?? Any feedback is greatly appreciated.
Thanks!
it sounds like it has everything on it to verify what you want,
it sounds like it has everything on it to verify what you want, except if it is a lump sum amount or a 3 pay, etc? I wouldn't bother calling to verify anything, anything they say could not be verified anyway, the written word is law.
