ppodmama Posted November 13, 2008 Report Share Posted November 13, 2008 Bank of America made an offer to settle my account for $3000 ($12000), but I couldn't do it this tax year so they had to charge off.When I get the collection agency letter, can i make and offer for the same amount and stand a chance of it being accepted Link to comment Share on other sites More sharing options...
willingtocope Posted November 13, 2008 Report Share Posted November 13, 2008 When did you last make a payment?(Charge off is immaterial. And, the CA is likely to demand the full amount to begin with). Link to comment Share on other sites More sharing options...
ppodmama Posted November 13, 2008 Author Report Share Posted November 13, 2008 Early September of this year Link to comment Share on other sites More sharing options...
willingtocope Posted November 13, 2008 Report Share Posted November 13, 2008 Well, charge off is immaterial, like I said. OCs throw that at you like it really meant something, but, actually all it means is that they will move it to the "charge against income for tax purposes" category on their books. They still own it...you still owe it.They may send it to a CA...do the DV tap dance with them so you can buy some time. When you've got money to settle with...call BofA and make the offer directly to them. Having the CA in the middle will just muddy the waters. They cannot speak for BofA. Link to comment Share on other sites More sharing options...
Recommended Posts