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bank of america

Date: Tue, 01/04/2011 - 19:52

Submitted by anonymous
on Tue, 01/04/2011 - 19:52

Posts: 202330 Credits: [Donate]

Total Replies: 4


In the beginning of 2006 bank of america increased my interest rate and my payment went from 190 to 301 per month....I called them to see if they would work with me....I was told to tighten my budget and get a part time job.....so they closed my account but I kept paying them a monthly payment....it wasn't what they wanted but I didn't miss a month.....I pay them back over 5000 dollars and they have increased my bill and extra 4000.....then the lawyer that I was making monthly payments to sent me a letter this past July stating that they appreciated me paying but they need to resolve this issue....they wanted me to fill out a form with my checking account number and how much my monthly bills were and then have it notarized.....I stopped the payments and ignored the itemized list....I got my credit report and it stated it was wriiten off as a bad debt in 2007.....even though it was written off they still increased what I originally owed by 4000 dollars.......I was fighting a losing battle...pay them 5000 and they increase my debt 4000.....I didn't hear from the lawyers office for 5 months now they are calling again......any suggestions ????


Hi!
Welcome to the forums!
I think you have been scammed. You should get legal help. Contact a lawyer immediately. He will help you in taking legal action against BOA. You have done the right thing by not giving your checking account number. You can visit the following page to know about how to deal with BOA:
http://www.debtconsolidationcare.com/settlement/fia-bofa.html


lrhall41

Submitted by Good Nelly on Tue, 01/04/2011 - 20:16

( Posts: 2846 | Credits: )


Well, you've mentioned that they sent you a letter, but I'm not sure if they sent you a DV notice. You always had the right to get your debt validated. Once it was validated, you could have clarified your doubts regarding this increased amount of $4000.

As far my knowledge goes, your account will be written-off once it gets delinquent (within a period of 6 months after your payments had stopped). Such write-offs are recorded as "charge-off" with the bureaus. It's a normal thing for the lender to pass it on to a collection agency. That's why I'm wondering if it's been passed on to a CA or not!


lrhall41

Submitted by Jeorge Preston on Thu, 01/06/2011 - 01:06

( Posts: 180 | Credits: )