Better settlement with CA or OC?

There are plenty of discussions on the board about settling with Bank of America. Using the search box would be helpful.

Now, if you can settle the account before it gets charged off, you can save your credit report from having a negative mark on it. You may call them up to negotiate a settlement. Though customer experiences vary widely but in general BofA is easier to deal with and some of the members have successfully settled with them for even 20% to 25% of the debt amount.

Thanks HOF, I'll try to get a settlement done before charge off. I called them today, it's at 150 today, so I've got 30 days. Thanks, I'll post the result.

Sorry SC, just realized I called you HOF, looked at the listing too fast.

boa just offered us 30% settlement on 35k, this is a first time they have offered a settlement to us. does anyone know if they will go lower...we can maybe scrape together the cash from family (I still have to find another $2k of the $10,700 offer) I would rather not borrow any money from anyone. we have sold items to come up with the rest but are out of stuff.

[QUOTE=Anonymous;698801]boa just offered us 30% settlement on 35k, this is a first time they have offered a settlement to us. does anyone know if they will go lower...we can maybe scrape together the cash from family (I still have to find another $2k of the $10,700 offer) I would rather not borrow any money from anyone. we have sold items to come up with the rest but are out of stuff.[/QUOTE]


30% is a pretty good offer.

Mine worked out to 30.1% spread out over 93 days.

Ciao,
Kinf "Kash" Jabba Labba

I used a firm called DS Financial and they settled my BOA accounts for less than 20 cents on he dollar. They can be reached at 866-833-6398. The good thing about them is that they didn't charge much and only after the settlement was done.