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Debtconsolidationcare.com - the USA consumer forum

BOA Settlement Offer

Date: Wed, 06/16/2010 - 17:17

Submitted by MGB
on Wed, 06/16/2010 - 17:17

Posts: 33 Credits: [Donate]

Total Replies: 2


I recently spoke with BOA on my cc that is 120 days late, and just received their first settlement offer of 45% (balance is small). They told me the offer is good for June, then in July it may go lower. It is scheduled to charge off in August; the rep said that that time it could go to an attorney, CA or go to BOA post charge off dept where they would still try to settle. I offered 32% (all that I can afford) but was declined. As I get closer to charge off, I am hoping they will settle for less.

I will be happy when this journey is over.....going forward we will never have cc balances again.