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Long story short, I am three months behind on one of my credit cards which has a hefty balance. I can't seem to make any payment arrangements with Bank of America. Recently I learned I will be getting a significant inheritance. (Enough to MORE than pay off the balance on all my credit cards.) The problem is I have to wait for the inheritance and there MAY be probate (we don't know yet). Probate could take months. I don't think it will be years, but who knows? My question is, how do I buy time until I can get the money and pay everything off? I am thinking of asking a family member for a loan for this one credit card (I missed the past three months of payments). I don't want to borrow from her each month, maybe this one time, then wait and see how long probate takes and play it by ear. I may miss some upcoming payments, but if I can pay some of the time, would this delay Bank of America sending my debt to a collection agency? I hesitate to tell them about the inheritance just in case. (I don't know...I am as certain as I can be that I'll get it, but I don't have it YET.) Any advice you can give me, I'd really appreciate. Thanks!
Great reporting on a difficult subject. Debt collectors are bad enough, but to be harassing the family members of people who just passed away is awful. Thankfully, this end of the industry is beginning to clean up its act. Please see: http://www.vox.com/2014/8/27/5978351/inside-the-practice-of-collecting-money-from-dead-people-deceased-collections?utm_medium=social&utm_source=facebook&utm_campaign=voxdotcom&utm_content=wednesday