Bank of America

[Lajazz947]

I owe BofA about $70,000 on 2 revolving lines of credit. Used the money to remodel house not on frivolous stuff, vacations etc.

I wrote a hardship letter proposing $200 per month (forever I guess)

They ignored it for two months but then I called and they lowered my interest rate to 2% ( great but the payment they wanted was $1400, not doable)

I send in what I can to look good but BK seems like the only option for me.

I got other issues to deal with regarding timing of filing and so forth and I have an attorney so we will see what happens.

Anybody have experience with BofA in a charge off setting since I think it may go there before I file?

[MomIcantFindmy]

BoA took 6 months of no payments before the charged off my account. I filed on them. The account was never sold to collections prior to my filing. I offered a lower payment plan to them at first also and never heard anything. I did get a letter in the mail offering a lower settlement right before I filed but that was also not something I was able to do. Good luck. I did not find them very hard to deal with. Some of the other companies were nasty though.

[Lajazz947]

Thanks, that is great news since they are my largest creditor.