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?
2007-10-09 13:37:09 · 2 answers · asked by toocool4skool 2 in Business & Finance ➔ Personal Finance
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.
2007-10-09 13:44:14 · answer #1 · answered by chuckyoufarley 6 · 0⤊ 0⤋
correct. BoA is very selfish and greedy to the point of blatant dishonesty while they grin in your face. Bank of SATAN.
2007-10-09 20:41:42 · answer #2 · answered by Thomas E 7 · 0⤊ 0⤋