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B.O.A Offer 55% 36 days Late.

Date: Tue, 02/09/2010 - 08:30

Submitted by c smith
on Tue, 02/09/2010 - 08:30

Posts: 14 Credits: [Donate]

Total Replies: 9


They offered me at 55% today at only 36 days late.I told them I could go around 16,500.00 around 30% of my balance.They told me they dont go under 55%.I take it it too early on for 30%.But thats all I can do in 4 payments.They really tried to push the 55% but no way can I do that.Awesome site by the way!Learning alot.


Nice to know that you are helped by us. :)

IMO you can afford to wait little longer for better offer. BofA is known to be easy to deal with. So, hopefully they would come back soon with a better settlement package.

Let us know if we can be of more help and yeah, I also hope that you'd stay with us and help the community grow.


lrhall41

Submitted by SC on Tue, 02/09/2010 - 20:50

( Posts: 3937 | Credits: )


36 days late is too early for BOA settlement..you need to wait for atleast 120 days before you mention about settlement..until then pick-up their phone calls once in a week and maintain the same story..Its all about telling them about ur financial hardship, and tell them that u will pay once you come out of hardship...Never accept any hardship program!!


lrhall41

Submitted by John51222 on Wed, 02/10/2010 - 12:01

( Posts: 5 | Credits: )


Hardship plans may not work with all creditors but works well with Bank of Am.. Sototallybrooke, I was on hardship program with Bank of Am starting in 5/2009 and stopped paying 7/2009. I settled recently on $30,000 for 25%. Don't worry about this one. The good thing is after you default your interest will remain low. I beleive being on hardship with them helped my settlement.


lrhall41

Submitted by OZZIE69 on Mon, 02/22/2010 - 07:07

( Posts: 555 | Credits: )