wicked_wisdom

Bank of America settlement advice

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I've been attempting to PFD with Bank of America for over a year, if not longer. I searched and seen others success with settlement. Unfortunately that's not been my case. I've sent several letters since April 2005. Perhaps that's been my mistake. I don't know. They've never sent the debt to a CA which is unfortunate cause I'd probably have more leverage in that case.

BOA finally replied on 8/7/06 after I'd sent them another letter offering to settle. Their offer was 50% of account balance. I counteroffered for 30% of the account balance. I'm waiting to hear back. I sent my letter on 8/14/06.

Part of me is tempted to copy all the letters that I've sent them and send another letter showing them that I've made an honest attempt to settle and they're the ones holding up the show. But that'd probably just PO someone.

Any advice?

a frustrated wicked_wisdom

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50% is a very good offer. Are they also going to change the reporting statius?

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Paid as agreed is tough to get with an orginial creditor if you don't pay the whole thing off.

Are you sure it's B of A you're dealing with and not a collector?

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