Settlement Letter "demands"
Date: Thu, 01/07/2010 - 19:17
I hope to settle with BOA and Chase in the next few weeks. Other than dollar amounts and due dates of when payments are due; what other things do you want to make sure is in writing to help your credit, etc.?
I mean, will they agree to reporting it as "paid if full" when it isn't? Will the also agree to remove any negative reports with credit agencies for the previously missed payments?
I mean, will they agree to reporting it as "paid if full" when it isn't? Will the also agree to remove any negative reports with credit agencies for the previously missed payments?
Quote:Originally Posted by AnonymousI mean, will they agree to r
Quote:
Originally Posted by Anonymous I mean, will they agree to reporting it as "paid if full" when it isn't? Will the also agree to remove any negative reports with credit agencies for the previously missed payments? |
If you successfully negotiate for 'paid in full' then they would mention the same in their settlement letter. Also make sure that the letter carries the signature of the authorized person in ink.
yes, but is it common/realistic for BOA/Chase to agree to a "pai
yes, but is it common/realistic for BOA/Chase to agree to a "paid in full" agreement? When I earlier talked with Chase about some of these details, they kept saying "no, because you are not paying it in full".
from my experience they will not say paid in full as it isnt.. m
from my experience they will not say paid in full as it isnt..
my letter with terms from B of A is not signed.it just saysFIA customer assistance Department.. no sigs. I asked for sigs and they said no..
Good Question What if you request sigs and they dont sign ?
Good Question What if you request sigs and they dont sign ? What if they refuse to send a settlement letter ? What should the settlement letter say exactly ? Thanks for any advice