Default on two B of A credit cards
Date: Thu, 01/07/2010 - 11:34
We are going to default on two B of A credit cards and one FIA credit card that B of A owns. Jan. 2010 will be the first missed payments. I would like to know if each card is handled separately by the bank when trying to collect; how long it takes to get a settlement offer, what can I expect in the way of phone calls. Debt is 42k. Cards have been closed for months. Long history with B of A, all good.
Any advice is greatly appreciated!
Any advice is greatly appreciated!
I defaulted on 2 and they were eventually combined. I am now cl
I defaulted on 2 and they were eventually combined. I am now close to 180 days out. First offer came this week for 30%. They would call every 2 weeks or so. I have found them to be the easiest to deal with. Two business cards with them were also combined and settled for 20%..
st8CA Clarification. All accounts will be given to 1 rep but
st8CA
Clarification. All accounts will be given to 1 rep but settlements handled separately. In my case 1 person handling both cards.