BOA Settlement offer
Date: Thu, 05/20/2010 - 17:15
Thank you.
30%...exactly what I got in March for a similar balance. They w
30%...exactly what I got in March for a similar balance. They would not budge. I allowed them to debit my account with checks and it went smoothly.
I was able to get 25% last month. I was about a week away from
I was able to get 25% last month. I was about a week away from chargeoff so you might want to hold off until next week if you want to settle.
Quote:Originally Posted by dantheman30%...exactly what I got in
Quote:
Originally Posted by dantheman 30%...exactly what I got in March for a similar balance. They would not budge. I allowed them to debit my account with checks and it went smoothly. |
Same deal here.
It went to 119 days.....settled 40k for about 13k.
boa the snake was my second easiest to settle.:cool:
Respectfully yours,
King "Kash" Jabba Labba
crazydebt, did you initiate the settlement talks or did they jus
crazydebt, did you initiate the settlement talks or did they just up and say, hey we'll take 30%?
I was offered $17,400 on 42K, 40%. They are refusing to budge a
I was offered $17,400 on 42K, 40%. They are refusing to budge and I am 130 days over. I told them no way. When/if it comes to settlement, I will insist on a cashier's check. The offer is decent though.
Settled 24K in March as well at 25% over 4 payments...I can't re
Settled 24K in March as well at 25% over 4 payments...I can't remember how late but I know CO was looming. I also noticed on the fax they sent at the top it says 180 day CA fax in the sig line for their fax machine.
Everyone talks about debt offers. I fell before Christmas in my
Everyone talks about debt offers. I fell before Christmas in my home and had back surgery. After the surgery I still have back pain, but now I have nerve damage in my legs. I'm behind in my house note and charge accounts. If I could send them a large settlment, I would negotiate that. But, I'm living on a fixed disability income and I no longer have savings. I'm leaving day to day, what are my options without getting ripped off even futher. Now our job, is forcing out 30,000 employees, so I have to retire. I won't have money to live. Every bit of my money will go to my house and credit car debt. Lord, what would happen if my check doesn't arrive into my account monthly.
Quote:Originally Posted by blackbeasstcrazydebt, did you initiat
Quote:
Originally Posted by blackbeasst crazydebt, did you initiate the settlement talks or did they just up and say, hey we'll take 30%? |
Blackbeasst, they sent a letter saying that the account was going to be charged off on May 12th and they would like to "help" us., with no details in the letter I called them on the 11th and asked what their "deal " was. They offered $10,700. They are telling me that it will be a CO at the end of May now. There are so many fees that they have tacked on during the past few months we have not paying and they are not willing to back them out. I dont know what to do.
Once you agree on the settlement, BA will need your checking acc
Once you agree on the settlement, BA will need your checking acct. #. They will set the 4 monthly dates when they will draw payments from your account. In my case, I had 2 separate accounts and they asked me for 4 specific check numbers for each account. I was informed of the amount that will be drawn. All this information will be on the settlement agreement which you will receive. With BA, I gave them my information even without a settlement letter in hand. It arrived in the mail in 7days.
149 days late, looks like 30% is as low as I can get them. I am
149 days late, looks like 30% is as low as I can get them. I am having them fax me a letter before I overnight them the money today. I am pretty excited that I will be done with BOA in 90 days!!!!