logo

Debtconsolidationcare.com - the USA consumer forum

Bank of America Settlement Offer

Date: Mon, 05/03/2010 - 11:31

Submitted by anonymous
on Mon, 05/03/2010 - 11:31

Posts: 202330 Credits: [Donate]

Total Replies: 6


I am 120 days out on three B of A owned cards. With all the fees and interest we now owe $43K, and they offered to settle for $17,400, thereby writing off 60%. I told her we cannot do that much, which is absolutely true. Does anyone have any knowledge as to whether they will continue to offer at less? She said the team working on my file stamped this as their offer. We are current on house and car, so maybe that doesn't work in our favor. Any help very much appreciated. I am concerned they will not come back with a lower offer, and this was by telephone. Thanks.


[QUOTE=Anonymous;693868]I am 120 days out on three B of A owned cards. With all the fees and interest we now owe $43K, and they offered to settle for $17,400, thereby writing off 60%. I told her we cannot do that much, which is absolutely true. Does anyone have any knowledge as to whether they will continue to offer at less? She said the team working on my file stamped this as their offer. Thanks.[/QUOTE]


Hopefully it won't be the best offer from boa the snake.

Lots of folks in here got lower offers, depends on the days late.
Seems that the 150 range is the key to success.

Mine was 30.1% on 39k at about 120 days.

Good luck and keep us posted.


lrhall41

Submitted by King Jabba Labba on Mon, 05/03/2010 - 16:10

( Posts: 507 | Credits: )


Quote:

Originally Posted by King Jabba Labba
Hopefully it won't be the best offer from boa the snake.
Lots of folks in here got lower offers, depends on the days late.
Seems that the 150 range is the key to success.
Mine was 30.1% on 39k at about 120 days.
Good luck and keep us posted.



Thanks so much!


lrhall41

Submitted by on Mon, 05/03/2010 - 17:39

( Posts: | Credits: )