Charge off
Date: Tue, 12/14/2010 - 09:13
any advice?, paying them would mean not paying 6 or 7 other CC and bills
Do you have any money saved or that you can borrow from a family
Do you have any money saved or that you can borrow from a family member? Now is a great time to ask about a settlement. I was getting similar letters and settled mine for 25%. We sold some things but I know a lot of people hAve borrowed from 401 K or a family member. They usually give you 3 months to pay it off.
Hope this helps!
yeah, they watch your credit report to see who you are paying an
yeah, they watch your credit report to see who you are paying and who you are not... i been thru this with them more times than i care to remember.... that is one of their many scare tactics to get a big chunk of money at once.. they have tried that with me via usps mail letters for months and it did not fly ! talk to sr account manager and ask about a settlement and details.. then ask what is the lowest payment you can do so that it keeps it out of charge off until you can get to a point of being able to settle.. worked for us
Responding
Well, BOA offer 25% but I have no way to get money, I come from a small working class family all with money problems. I was able to postpone my car payment 1 month to pay BOA so they hold on to it 1 more month, I have sold what I could and cut back on evrything I could to keep paying smaller bills. I have a company flying me up for a 3rd interview next week, so that is good news
Credit counseling will help you with the required guidance which
Credit counseling will help you with the required guidance which will help you manage your finances so that you can pay off the bills on time. This will help you in avoiding getting into further debt problems. To know more on credit counseling, check out the given page:
http://www.debtconsolidationcare.com/credit-counseling.html
