BOA 28% setlement
Date: Thu, 04/30/2009 - 15:22
I have been dealing with FIA/BOA for a few weeks now. I settled 47k on 2 different cards with them at 28% 3 weeks ago. At the time I was told they were going to fax a letter with all the terms of the settlement for me to have. They never did. I did not deposit the money for the 1st of 3 payments. I consulted with 2 bk attorneys who advised me to file chapter 7. I don't want to do that, so I called BOA & told them I will be filling chapter 7 next week. I received the letter with same settlement offer & new dates. 1st. payment is due tomorrow. Over the phone I was told by BOA that my account will be reported to the credit bureaus as "paid as agreed". It doesn't say anything to that effect on the letter I got. I don't want to pay if I am going to end up being reported as "settled". (To be fair the letter doesn't say anything either way) What should I do? It seems like they are not serious about their offer. Thanks
Hello, Please keep in mind that the bottom line is that credit
Hello,
Please keep in mind that the bottom line is that creditors want to get paid. You must be persistent with your request and you will get it. By the way, 28% is really good. I ended up hiring a debt settlement company, which are doing a terrific job for me and are getting creditors to input "account paid in full"
