BofA

Hi. I suggest you search at the top of the forum page and enter FIA. That is the collection division of boa and much information and personal experience is already available there. When you find a thread that helps you, feel free to ask a question within it. In a general sense, you might be able to settle at 30% around 180 days.

We recently (January 2011) settled about 30k with BofA for 25%. We were close to 180 days when we finally got them down to 25% and we accepted.

Good luck..

We just settled a $64,000 balance on two B of A accounts for $17,000. I ignored all the calls until we got to 170 days past due just near charge off date....I called, gave them all the requested info and their offer was $17,000. We settled and will pay off the $17,000 in 4 payments over the next 3 months....Hold on, be patient...

Hi,

I was able to settle with them after 120 days for 30% broken down over 4 payments.
They were very easy to work with.:D

30% Here, as well, over 3-4 payments.

Thank you for all the inputs! I really appreciate it!

those of you who settled, did you have to provide financial information to get a low settlement? what did they ask for?

We had to provide income and expenses.

We did not have to provide any financial information for our settlement

We settled at 20% with BofA but didn't have to provide any financial information. I found them to be one of the easiest that we dealt with. We made the payments over 4 installments.

2 BoAs settled here. Around 30K total. Around 7500 settled them.

Quite nice and cordial process at end. Not so much in middle months as there were some unpleasant calls.

And yes I had to get pretty specific with expenses/income and what my hardship was.