stuck at 30%

Hopefully someone who got under 30% will respond as well. But I could not get them under 30% for anything. They would not even consider my 25% offers. I settled 3 cards, including a biz for $11k all at 30%.

Bummer. Were all 3 of your cards business cards? I have 2 more with them that are personal.

We had a personal BofA card that we settled for 25% this past January. Once we passed 150 days we called and upped our offer from 20% to 22%. They were still stuck on 30%. We upped our offer to 25% right at the 170 day mark and they took it. Our balance was about $30K when we settled. In the end we really turned the tables and started calling them every few days or so and making our offer and telling them we were trying to get more money to offer.

Hope that helps you. 30% is still a great settlement if you can only get that. I would keep trying for the next week, maybe up your offer a tiny bit and hope they budge. Good luck!

I will try calling every couple days and slowly upping my offer. Right now I am still low-balling them a little since I was hoping for around 20%. It is looking like that may be too aggressive, and 25% is more realistic. Not to be too greedy, but all those small % add up over numerous cards. Thanks for the info, it all helps. You will probably be hearing a lot from me in the next 45 days. I have 5 cards coming up on the 180 day mark. Fun!!

Funny. I had 2 personal and one biz as well.