Bank of America
Date: Mon, 09/13/2010 - 11:24
Has anyone else settled with BOFA recently, and if so how much did you settle for? By the way, that's 25% of the full debt including all late fees and interest accrued since we stopped paying them back in february. (about $900 worth of fees/interest)
Quote:Originally Posted by AnonymousWe've been settling our cred
Quote:
Originally Posted by Anonymous We've been settling our credit cards and have them all settled except for one. That's bank of america. We are now about 9 months past due. For the last 6 months, BOFA has been telling us they won't take less than 30% on a $9,000 debt. Finally this past week they dropped to 25%. However, we can't afford more than 20%. They continue to refuse and are now saying they are going to sell our debt or seek legal action or other such options as of tomorrow. They indicated that as of tomorrow they will no longer have the debt in their hands. FIA is who we've been working with (part of BOFA from my understanding). Has anyone else settled with BOFA recently, and if so how much did you settle for? By the way, that's 25% of the full debt including all late fees and interest accrued since we stopped paying them back in february. (about $900 worth of fees/interest) |
I would try to work out a settlement in 3 or 4 payments if you can swing it, even if you have to borrow from relatives. They will send your account to CollectCorp. who are a nightmare!
I would take it..they don't go less than 25% from my research..I
I would take it..they don't go less than 25% from my research..I got that and was told by upper management that I was fortunate to get that..
Yes, BOA settling for 25% is a great thing. Don't let it go out
Yes, BOA settling for 25% is a great thing. Don't let it go out of the hand. That means, don't let them sell the account. It would be tough for you to settle with the collection agency. Seek out funds from some sources known to you and pay them off. Ask for a payment plan.
I agree with above...settled four accounts with BOA and 25-27% w
I agree with above...settled four accounts with BOA and 25-27% was our best....settle...ask for payments...they are pretty good about working with you.
debtor in CA
Take it. That's a great offer! They will give you 90 days to p
Take it. That's a great offer! They will give you 90 days to pay in full, with a first installment due within 10 days.
We didn't settle with boa after an offer of 30% and they sent it
We didn't settle with boa after an offer of 30% and they sent it to recovery and never again offered that settlement. They increased it then sent it to an attorney and we ended up settling for 40%. If you can swing the 25% in any way I would do that.
Just another bird on the wire here....... Take the 25%. That o
Just another bird on the wire here.......
Take the 25%.
That offer is about as good as it gets!
I settled for 30.1% and was mighty happy to kill boa-the snake.
Settle On!
King "Kash" Jabba Labba
It is really a good news that BOA has agreed to take only 25% of
It is really a good news that BOA has agreed to take only 25% of the loan amount. You should try to pay off the debt as soon as possible. Once your account is sold off to the collection agency, it will be very difficult for you to settle the debt. Therefore, seek out funds from your friends and family and pay off the loan.
