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BOFA settled at 20%

Date: Tue, 03/23/2010 - 14:51

Submitted by Shazzers
on Tue, 03/23/2010 - 14:51

Posts: 17344 Credits: [Donate]

Total Replies: 22


Finally, my friend got BOFA at 20%. Phewwwwwww, it's been a long year, yes I said year.


Quote:

Originally Posted by Anonymous
Congratulations! Glad to hear B of A is still willing to settle. I have a big one to settle with them.


I settled my BOA "Gold Loan" of 38k for 11K.

They are still settling out.

This is the number that I called :D:D:D;

800-214-3544

But there are others for sure.


lrhall41

Submitted by King Jabba Labba on Tue, 03/23/2010 - 18:57

( Posts: 507 | Credits: )


Quote:

Originally Posted by Anonymous
I also got a settlement letter from them at 20% (over the phone first) but there is no signatures on the letter. Should I be worried about that?


How late were you and how large of a balance. Can you tell us what department you called? They will not go lower than 30 for me.


lrhall41

Submitted by dantheman on Thu, 03/25/2010 - 06:41

( Posts: 860 | Credits: )


well shazzers im glad you settled at 20%, what im confused about though is, you have over 10k posts here and youre just now settling?

well atleast you didnt sign up with debt consolidation care. youre moving up in my eyes. now you have a taste of experience.


lrhall41

Submitted by on Thu, 03/25/2010 - 15:41

( Posts: | Credits: )


Holy cow that's a lot of posts. But they DO pay us to post. I've collected twice and bought a couple of cheap dinners with it. Absolutely I would post the same without the reward, but it is cool that they do that.

and btw, boa says as of feb the 20% settlements are gone. 30% is the best they give unless they go to junk, and that can take a year. so in the meanwhile, they add interest at 30% per annum PLUS late PLUS overlimit. so after a year, your balance is 40% higher than it is today and it would take around a 20% settlement to be the same as a 30% today.

So, guess what??? If you've got the cash to settle, the 30% today is the best your gonna get. sorry.

btw, the reps have NO authority and will not escalate.


lrhall41

Submitted by dantheman on Thu, 03/25/2010 - 15:47

( Posts: 860 | Credits: )


Quote:

Originally Posted by dantheman
Holy cow that's a lot of posts. But they DO pay us to post. I've collected twice and bought a couple of cheap dinners with it. Absolutely I would post the same without the reward, but it is cool that they do that.
and btw, boa says as of feb the 20% settlements are gone. 30% is the best they give unless they go to junk, and that can take a year. so in the meanwhile, they add interest at 30% per annum PLUS late PLUS overlimit. so after a year, your balance is 40% higher than it is today and it would take around a 20% settlement to be the same as a 30% today.
So, guess what??? If you've got the cash to settle, the 30% today is the best your gonna get. sorry.
btw, the reps have NO authority and will not escalate.



theyve been saying this for years, one will say its gone then another will flat out offer you 20%, never trust what a collector says


lrhall41

Submitted by on Thu, 03/25/2010 - 17:39

( Posts: | Credits: )


Quote:

Originally Posted by Anonymous
theyve been saying this for years, one will say its gone then another will flat out offer you 20%, never trust what a collector says



I don't doubt there are exceptions. I am just stating the general consensus. And then with the balance going up by $1000 per month it was not worth the risk to me.


lrhall41

Submitted by dantheman on Thu, 03/25/2010 - 18:42

( Posts: 860 | Credits: )


Quote:

Originally Posted by Anonymous
well shazzers im glad you settled at 20%, what im confused about though is, you have over 10k posts here and youre just now settling?
well atleast you didnt sign up with debt consolidation care. youre moving up in my eyes. now you have a taste of experience.

Actually I negotiated a settlement for my friend, it wasn't my BOA account.


lrhall41

Submitted by Shazzers on Thu, 03/25/2010 - 19:45

( Posts: 17344 | Credits: )


Quote:

Originally Posted by dantheman
Holy cow that's a lot of posts. But they DO pay us to post. I've collected twice and bought a couple of cheap dinners with it. Absolutely I would post the same without the reward, but it is cool that they do that.
and btw, boa says as of feb the 20% settlements are gone. 30% is the best they give unless they go to junk, and that can take a year. so in the meanwhile, they add interest at 30% per annum PLUS late PLUS overlimit. so after a year, your balance is 40% higher than it is today and it would take around a 20% settlement to be the same as a 30% today.
So, guess what??? If you've got the cash to settle, the 30% today is the best your gonna get. sorry.
btw, the reps have NO authority and will not escalate.

I have been a member of this forum for three years.


lrhall41

Submitted by Shazzers on Thu, 03/25/2010 - 19:47

( Posts: 17344 | Credits: )