Question about anyone that has settled...."business" cards.
Date: Thu, 08/26/2010 - 05:16
One of my accts was a BoA "Business" card they sent me pre approved. I dont have a business but I assumed that they had vetted me before sending me the pre-approval. I also thought it might be a good idea to start a small business. I never claimed on any of the paper work I had a business I just put my name down (no inc or llc or any business name).
I ended up not starting a small business and just used the credit to balance transfer to this card due to an attractive offer (using a check to pay off the other cards).
I have now stopped paying this one as part of my default/settle plan.
Anyone know any pitfalls this might cause me due to it supposedly being a "business" card? Im just thinking of things like me not being able to BK it out if I choose to go that way or them claiming fraud or some such. The last transaction was around 2 or 2 and a half years ago.
I ended up not starting a small business and just used the credit to balance transfer to this card due to an attractive offer (using a check to pay off the other cards).
I have now stopped paying this one as part of my default/settle plan.
Anyone know any pitfalls this might cause me due to it supposedly being a "business" card? Im just thinking of things like me not being able to BK it out if I choose to go that way or them claiming fraud or some such. The last transaction was around 2 or 2 and a half years ago.
They settle these about like the regular cards...and some say ev
They settle these about like the regular cards...and some say even better. I settled mine at 30%.
I would not worry about it. Just treat it as a personal credit
I would not worry about it. Just treat it as a personal credit card and try to settle. BOA is easy to settle with and you should be able to settle at 30%.
Yes business cards seem to be easier to settle. One of my Cap O
Yes business cards seem to be easier to settle. One of my Cap One cards was from their small business division - even though the card only had my name on it. That was the first one to settle. The regular personal one was a bear.
I would call 866-833-6398 they can get you a deal at around 20-2
I would call 866-833-6398 they can get you a deal at around 20-25 percent of what ever you owe.