FIA-179 days late-going to recovery...

Anyone?

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Need more info and then we can help you figure something out.

We got the card through a credit union but we have always paid FIA card services. They are the original creditors.....we are with the origninal creditors. We have had the card since 2002 or something like that. Then we went on a hardship payment plan a while ago, then stopped paying and are now 180 days late of today. They said after 180 days it would go to the recovery dept and they would decide to put it with an external credit agency or to stay with internal collections. The debt is about $7500 and they did say they would do the payments over 90 some days. We were just really hoping for it to come down more because in order to do this we will be falling more in the hole with our house (we have applied for a mod but they cancelled our paperwork for "not calling enough" even though we called every week).

Any other info you need?

Thanks!

Never mind, got my answer. It went to recovery and now they won't take the 30% offer, they want more, wth??

Yep. I'm sorry but that is why I settled before it went there. And if they sell it off there is no control. I would keep trying for 30%. Doubt 25% is going to happen.

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Unfortunately too late for us. I wish I would have known that once it went to recovery that they wouldn't/don't have to/can't offer the same settlement as before it went to recovery. Pretty depressing as we don't know what to do.

Jill-sorry not logged in

B of A senior account rep number listed by me. I settle 90K debt for $14000 (15%)

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Does anyone know if this number would be good for any FIA acct? My Suntrust personal credit card payment was always made to FIA. Payment on my business credit card with them was always made to Suntrust and had no references to fia.

Also to update info for anyone who this may help in the future: Months ago I was told by a person who used to post on here that Suntrust was owned by BOA and that I would end up dealing with them during the settlement process. I don't know if what he had said is true or not but this never happened for me. I have always dealt with Suntrust who seems to be a lot tougher than BOA. The FIA connection and how these banks are intermingled is still a mystery to me.

I am over 200 days on both of these accts. and will have to come to some sort of agreement by Monday or Tues because I have been told that Wed. is charge off day.

Don't give up. My BOA accounts have been charged off for over 6 months and I am trying to settle with FIA, their inhouse collections. So, keep at it. Even if does go to a collection agency, you can settle with them. Keep pushing for a lower amount. If you cant pay the higher amount, you can't pay.

i'm close to charge off with BOA - even using that "special" number i've been told more than once that each month the accounts are "stamped" at a %age, and that's what they have to stick with. mine is too high (45%) to do over the 93 days, and the rep i spoke to today (and have several times over the last month) advised to call in a day or two after chargeoff to talk to the recovery department. she actually transferred me over to them a couple weeks ago and although he couldn't give me specific numbers as i haven't charged off yet, basically he said that some of the options include paying over a year or low %age monthly payments (i think he said like 1% of the bal).... so i'll try again in about 2 days, just in case, otherwise guess i'm dealing with the recovery department on the 2nd..... of course they gave me the option to make an almost $600 payment before the end of the month to buy me another month, but it's just delaying the inevitable, and then it's almost $600 less that i have avail to work with the recovery department.....

can't see any other options....

In our case the recovery dept asked for more. We really tried to get them to do the original settlement amt but they said it was out of their hands and would go to a CA or attorney. They just let us know it went to a CA but I haven't heard from them yet.

Good luck

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