B.O.A Offer 55% 36 days Late.
Date: Tue, 02/09/2010 - 08:30
Nice to know that you are helped by us. :) IMO you can afford t
Nice to know that you are helped by us. :)
IMO you can afford to wait little longer for better offer. BofA is known to be easy to deal with. So, hopefully they would come back soon with a better settlement package.
Let us know if we can be of more help and yeah, I also hope that you'd stay with us and help the community grow.
36 days late is too early for BOA settlement..you need to wait f
36 days late is too early for BOA settlement..you need to wait for atleast 120 days before you mention about settlement..until then pick-up their phone calls once in a week and maintain the same story..Its all about telling them about ur financial hardship, and tell them that u will pay once you come out of hardship...Never accept any hardship program!!
Quote:Originally Posted by John51222...Never accept any hardship
Quote:
Originally Posted by John51222 ...Never accept any hardship program!! |
Could you explain why not?
I am on a hardship program with BofA and can no longer pay. Plea
I am on a hardship program with BofA and can no longer pay. Please expand on your "never accept hardship" statement.
Hardship plans may not work with all creditors but works well wi
Hardship plans may not work with all creditors but works well with Bank of Am.. Sototallybrooke, I was on hardship program with Bank of Am starting in 5/2009 and stopped paying 7/2009. I settled recently on $30,000 for 25%. Don't worry about this one. The good thing is after you default your interest will remain low. I beleive being on hardship with them helped my settlement.
i defaulted on a boa/mbna personal loan and they left the intere
i defaulted on a boa/mbna personal loan and they left the interest at the low fixed rate. only added a $39 late fee. however, on my cc they took it to 32% so I need to get it settled before it doubles!
Quote:Originally Posted by AnonymousCould you explain why not?
Quote:
Originally Posted by Anonymous Could you explain why not? |
a hardship program is usually only for only 12 months so the banks can keep you in debt, then they claim they will re evaluate your debt later, leading you right back to square one.
if you can wait till 180 days or maybe even 150 days they will o
if you can wait till 180 days or maybe even 150 days they will offer you a 20% settlement, if it is a business debt you could even get a 15% with up to 4 pays