How to make the actual settlement payment?
Date: Wed, 12/30/2009 - 12:21
Please help
I would make a copy of the letter, get a cashier's check and tak
I would make a copy of the letter, get a cashier's check and take it to one of their branches. Give them a copy of the letter, and get a receipt.
is the letter all in check? what im saying as it states somethin
is the letter all in check? what im saying as it states something to the effect that it is paid as agreed, it has dates and signatures, and all of that? i would also add to aubreys statement to use cashiers check and speak with the representative there to be sure that the remaining balance will not be sold and such and get a reciept. you dont want to pay it and it come back to bite you in the butt later!
Yes, the letter states "you will not be obligated to pay the rem
Yes, the letter states "you will not be obligated to pay the remaining balance"
How late were you on your payments? Also were you in contact wit
How late were you on your payments? Also were you in contact with BOA or did they just send the letter?
Thanks
Quote:Originally Posted by AnonymousHow late were you on your pa
Quote:
Originally Posted by Anonymous How late were you on your payments? Also were you in contact with BOA or did they just send the letter? Thanks |
I wasn't really keeping track, somewhere 4-5 months with no payment and no contact with them at all. They sent a letter threatening a chargeoff so I called them. They originally quoted a 30% settlement, I got them down to 20%.
The letter should state how and where to pay it. Be sure to incl
The letter should state how and where to pay it. Be sure to include a copy of the letter with your payment so it is properly applied.
You should be fine. Get a cashiers check and send it to the add
You should be fine. Get a cashiers check and send it to the address on the letter. Make sure to make copies of everything first!!!