Negotiate a Debt Settlement
BoA says negotiating a settlement is worse off than bankruptcy?
the debt payment i have on a credit card with boa is current but adding the interest and fees is making the debt more worse like am not getting ahead of it or anywhere anyway. so i simply want to negotiote on an reasonable amount i know i can now afford and just pay off and clear this debt once and for all. a bank of america employee told me this is worse off than bankruptcy. i don't believe him and i don't think this is true, right?
Public Comments
- correct. BoA is very selfish and greedy to the point of blatant dishonesty while they grin in your face. Bank of SATAN.
- Not true. I'm a loan officer and what appears on your record is: "debt legally paid for less than the full amount". This affects your credit score adversely, but when analyzed by a lender, does not show an unwillingness to pay. I cannot consider an application that has a bankruptcy within the past 10 years without a co-maker, collateral, or perfect record for the past 3 years. Perfect means PERFECT. If they are the only creditor you are past due with, try applying for a personal loan to pay off this debt with a local credit union or other creditor that you have a good history with.
