Bank Of America Credit Card Settlement: Willing to settle for $11k.
Fri, 10/31/2008 09:00
Bank Of America Credit Card Settlement
I lost my job about a year ago and am now back to some what of a stable income and had an MBNA card that went to Bank of America the balance is $64k and they are willing to settle for $11k over 6 installments (I know from reading previous posts that this is a very favorable settlement). Which they are letting me do $500 now then $600 for 4 months then the last payment of $8100.
If I can't raise the $8100 in 6 months, which I am going to try my best would the drop the settlement altogether or work with me?