BOA- first offer

You may have to wait it out a bit longer to get a lower settlement offer. Try telling them WHY you can't make your minimum payments any longer. If they believe that your income has been reduced, and isn't likely to change in the near future, they will most likely work with you. They have to believe that you could possibly walk away from the debt (bankruptcy).

nice offer at this point....like sunny said....you need to say why....loss of income is the best.....(if there is a best excuse) but don't threaten bankruptcy without telling them why you are now unable to pay.....my BOA accounts went to Hanna after 120days and I was able to get 35%....I took it and my last payment is this month.....yea!!!!

I have $32,000 in debt with BOA.?? I would love to hear what happens.

negotiation with ??BOA

I just settled with BofA last night one day before charge-off for 25% over 3 months.?? I kept in contact with them since I missed my first payment and kept explaining to them why I could not longer make my minimum.?? I have a medical condition that soaks up most of my available cash and I've lost one of my jobs because of it.?? BofA HAS to believe your hardship.?? They offered me 50% at 120 mos, 35% at 150 mos and then 25% last night.?? Because they accepted TARP funds they can no longer do settlement payments longer than 3 months.
How long have you had their cc??? The manager I spoke with last night told me that has a lot to do with how low of a settlement % they will offer.

sometimes you will get the better offer once it goes into a collection agency.?? Just hang in there.

Thanks for giving me some hope. I have been a customer for MANY years and always paid on time. I lost my job and have a P/T job making 1/4 of what I used to, but even without my CC minimums already am in the negative 2000 each month. I tried telling them this but they had no interest in the specifics. Would it be best to send it in writing? I am not sure if they really look at the letters. I wish I could get them down to where I can give them the payment before the government makes any more changes!!

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yes please indeed, Im in 40 k with them and at 120 days got a 45%, of course no can do..plus the last guy was RUDE!Does B of A have a internal collections who act like external collectors, I mean his attitude was Crap and hassled and belittled me and my family

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Unless Im confused (most probably lol) from what I read, its bad to go to "Charge Off" status, even if you get a good number you can deal with.Is this true/ or debatable?

What a nerve!!!! You are complaining that someone you are into for 40k was rude. Come on please. Pay your bills and no one will be rude. Stop complaining and do something productive already

oh no your back.. MODERATOR PLEASE, go away

calling for a mod after your great and informative posts ?
maybe someday you can get a talk show and teach people to steal

Biggest thieves are the credit card companies and banks. Can't wait until the new regs go into effect in 2/10. That's why they're jacking up their fees and interest rates now..... raising rates on existing balances, just because they can. They're trying to get every nickel while they can. and these were the ones the gov. bailed out.

It would have been better for the gov. to give bailout money to the consumers so they could pay off their credit card debt. The consumers would have paid their bills, the credit card companies would have gotten their money, and everyone would be happy.

THIEVES!

hey just got hold of a good rep who was actually willing to help me.
She is going to ask if they will settle at 25%, and do it off a debit card (safest way , as you can dispute it if they try to pull a fast one) I should know by Monday.. Im sure hoping as it will be a great relieve and then I only have one Citi left , and the first Citi they were super easy to deal.

Hey congrats! I hope it goes through for you. Keep us updated.

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And now I get to quote....me!

"And now, if it's with boa-the snake.....saw this number in another post, try it & ask for a senior account rep. 1-866-429-1097"

That seems to be a pipeline into the secret world of boa-the snake.

Try it and let us know what happens!

Regards,
King "Kash" Jabba Labba

Yes. Senior Account rep at b of a , telephone no listed above helped me settle my 90 K debt. You should ask to speak with account manager at FIA card service ( b of a ) .

When is too early to call and ask for a settlement. I am 120 past due on my BofA Line and 90 days past on my BofA card. Should I wait a little longer?

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Congrats on the settlements! I know what you mean about being thankful. I was so thankful when I found this site and was able to settle my accounts and avoid bankruptcy. Avoiding bankruptcy is good for everyone - the creditor gets some money instead of none, the debtor feels better for having been able to pay something toward their debt, you don't have a bk on your credit report possibilty preventing you from getting a job, house etc and it's much easier to rebuild your credit than if you had filed bk.

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