Help with B of A
Date: Fri, 02/12/2010 - 12:05
Quote:Originally Posted by AnonymousI have a serious situation.
Quote:
Originally Posted by Anonymous I have a serious situation. I lost my job 4 years ago and ended up going back to school because I couldn't find anything in my field. We ran up a lot of debt just to make ends meet. We aren't extravagant people. We don't take trips or buy expensive clothes and stuff. We have accumulated about 90k in CC debt. 38K is with Chase and 50K is with B of A. Here is the problem. My husband works for B of A. We have two cards with B of A, one is current and the other is 150 days past due. I've kept the one current because the interest and payment is lower and manageable. The other one is completely out of control, 30% interest, $900. monthly payments. So I get a call today saying they will settle on this one card for 45% over 93 days. We can't do it. On top of it, they are closing the good card, sucks but understandable. Here is the really crappy part, if I let the bad card go to charge off they are saying they can garnish his wages. I'm really worried he can lose his job over this. Both of our FICO scores are so bad right now. I just finished school but I'm worried about finding a job with my crappy credit. Can B of A fire my husband over all of this? Do you think the will come back with a better offer? |
ive been settling debt for 7 years and my company im opening on my own is NOT up and running, im willing to give you free advice and help you can call me on PERSONAL INFORMATION REMOVED
aka RIOT
[QUOTE=Anonymous;653124]ive been settling debt for 7 years and m
[QUOTE=Anonymous;653124]ive been settling debt for 7 years and my company im opening on my own is NOT up and running, im willing to give you free advice and help you can call me on PERSONAL INFORMATION REMOVED
aka RIOT[/QUOTE]
this is bullshit, this site wants NO ONE to get good help from someone that is willing to help FOR FREE!!
this site is only designed to bring clients to this program
im going to keep posting my cell number and you can keep deleting it.
this is exactly why i dont create a login, crooks
phone number deleted - promotion not allowed here
I don't know if your husband legally can be fired over non-payme
I don't know if your husband legally can be fired over non-payment, but it WOULD NOT make sense for BofA to do that; less likely to get any $ from you. I know a person currently working for BofA and has a delinquent credit card for approximately $25K. BofA called them and tried to work out a hardship program and BofA didn't even realize the individual worked for BofA (job was not in the cc area).
I think BofA would need to get a judgment before they could garnish your husband's wages; however, if you have a BofA checking acct they may be able to access it, but they haven't done that so far, so maybe not.
There are a lot of knowledgeable ppl on this forum, I'm sure they will be able to give you some advise and insight. From everything that I have read on this forum, BofA has been very easy to work with on settlements. Best of luck on your journey.
be glad you have the easy ones to work with. you can settle for
be glad you have the easy ones to work with. you can settle for dimes/dollar...not so with wf, capitalone, commerce and others.
Thanks for the support everyone! I am seriously considering cash
Thanks for the support everyone! I am seriously considering cash out part of a 401K at this point. There really are no other good options. We don't really have anything else to settle with anyway!
Just Settled with B of A
Talked them down to 25% of the total amount due. Took only a few phone calls. They started out at 55% and with 60 days they accepted my offer of 25%.
Quote:Originally Posted by AnonymousTalked them down to 25% of t
Quote:
Originally Posted by Anonymous Talked them down to 25% of the total amount due. Took only a few phone calls. They started out at 55% and with 60 days they accepted my offer of 25%. |
Wow, you were able to get 25% at 60 days; great negotiating skills. Was this settlement reached recently and was the debt high $? Congrats on your settlement.