Forum Rules (Everyone Must Read!!!) (updated: 04/28/2015)

Welcome to the Bankruptcy Forum. Bankruptcy (BK) Forum is known as and will be referred to as BKF hereinafter. In order to ensure a long term success of our vibrant community, we have established certain rules and guidelines to which everyone must adhere to. Please take your time to carefully read our rules, before you start to participate in the community.

Things you agree to do: (BKF) users agree to use the search function before starting a new thread. This prevents duplicate discussions and allows for better organized topics.

All BKF users agree to read the sticky posts which may be available at the top of a forum page. These Sticky posts often contain valuable information. They may also outline more rules and guidelines specific for that particular forum, stickies are put in place by that forums moderator(s) or admin(s).

Things you agree not to do:

All BKF users agree not to call people names or write a post simply to make a personal attack, or get a negative reaction; this behavior is not allowed on our forum. The use of derogatory language aimed at anyone will be severely dealt with. There is no need to agree with each other, or to even like each other. However, by signing onto you agree to treat each member and guest with the respect they deserve. No threats or personal attacks will be allowed.

All BKF users agree not to discuss, engage, or encourage any behavior or activity which violates the law. Discussion of drugs, violence, murder, theft, vandalism, fraud or any other issue which could be used to help individuals break the law is strictly forbidden.

All BKF users agree not to "bump" old threads, unless there is a specific benefit to the community by doing so. But in most cases, please don't post in very old threads, instead start new threads.

All BKF users agree not to attempt/use another members account. It is against BKF rules to use any account other than your own. Impersonating another member will result in an immediate ban. It is also against the rules to open more than one account in your own name without permission from a moderator or administrator. If you have been banned for any reason, it is against the rules to open another account. If you were banned temporarily and you are caught using another account you will be banned permanently. Choosing a moniker which is similar in either sound or spelling as a moderator or administrator is strictly forbidden.

All BKF users agree not to private message any moderator, admin, or other member with questions related to their personal circumstances (Questions about the forum or issues with the forum are ok). This forum only works when members share their experience and insights with everyone.

Things you agree not to post:
All BKF users agree not to post any derogatory/racist/or sexist remarks. This includes attachments, links and all information contained within posts, signatures, and avatars, failure to comply with this rule will result in a permanent ban.

All BKF users agree not to post any copyrighted or trademarked information without the express written permission of the owner(s) / proper citation of source.

All BKF users agree not to post any real names, addresses, telephone numbers, email addresses, social security numbers, or any other personal details (their own or other people's).

All BKF users agree not to post links, pictures, attachments, videos, or the like of pornographic content, objectionable material or extreme violence, whether cartoon or real.

All BKF users agree not to use BKF for advertising purposes without a written contract between yourself/company/agent and the administration of BKF. Blatant advertising will result in a ban.

All BKF users agree not to spam the forums. Spam includes but is not limited to posting erroneous, non-relevant-useless, off-topic, or meaningless posts. Spam may also include posts which contain no text, or large areas of blank space between lines. Simply posting emoticons without text is considered spam. BKF is the largest bankruptcy message board and all the content is intended to help other users. Please help us improve the quality of our forum by making sure that your posts are well-worded, spell checked, grammatically correct and syntaxed.

Regarding actions of moderators and administrators:

The forum is no place to air out your opinion or be judgmental of our staff and its capabilities.

All BKF users agree not to abuse or mistreat moderators or administrators. It is against BKF rules to post any information regarding bans or any other action taken by a member of the moderating or administrative team. If you wish to discuss bans or warnings please do so via PM. To place a complaint against a moderator, send a PM to a super moderator. All Moderators are equal, any decision made by a moderator must be adhered to. If a moderator tells you something you do not like, do not go to another moderator looking for a different answer. If you are caught doing this you will be banned. The moderators work as a team and respect the decisions made by their peers and will help enforce them unless an administrator tells them differently.
If you have an issue with how the forum is run, then notify one of our administrator and we will look into the situation. We have in the past and still do appreciate any input that you offer this forum. But critical input and/or judgmental postings towards the staff will result in you getting banned.

Should you find a thread offensive or out of line, then notify a Mod in a PM so they can evaluate the situation and do the action deemed necessary.

All moderators do have active "other" lives outside of the forum and help moderate this forum in their spare time throughout the days and weeks.

If you have a problem with a member or Mod follow the proper channels of reporting it.

BKF reserves the right to delete any posts which contain anti-BKF comments or discussion. Any bashing of moderators or administrators, or any of their discussion or actions will also be deleted, and the responsible posting party(s) will be banned. Any public anti-BKF advertising, communication, or posts on another forum will result in permanent bans as well.

All warnings and bans are decided by individual moderators and administrators. Warnings are preferable to bans however, for serious offenses and repeat abusers bans will go into effect. The length of the bans can vary from several hours to permanent.

All messages posted or sent including through PM are the property of

All BKF users agree not to advertiser on the forum (Niether by posting, private messaging or using your signature). If you are a company/attorney/legal adviser wishing to advertise on the site or sell a product, you must contact the head administrator and inquire about our advertising packages.

All bankruptcy related opinions expressed on are those of their authors and not necessarily of BKF, its staff or representatives.

You agree not to copy any material/post/content from BKF without written permission from our head administrator .

By posting on this forum you agree to these terms and conditions, including any punishment deemed appropriate by moderators or administrators in the event of an offense.

Administrators/Moderators can change these rules at any time without prior notice.
See more
See less

BOA Credit Card Collections

  • Filter
  • Time
  • Show
Clear All
new posts

  • BOA Credit Card Collections

    Does anyone have any BOA CC stories on collection, wage garnishment, time to write-off etc?

  • #2
    bofa for me, wrote off the debt at the 6 month mark, and write before that, they offered a settlement for $11000 worth of debt for a mere $2400

    they sold the debt to collection agencies, and it has been 8 months since defaulting, still no suits.
    As legal advice must be tailored to the specific circumstances of each case, and laws are constantly changing, nothing provided herein should be used as a substitute for the advice of competent legal counsel.


    • #3
      The only thing we had was an RV with them but they were our bank too.
      The RV had a loan balance of nearly $100k (it was used).
      We turned it in, they did not want to take it either, at a local branch. They still charged our account some $500 for picking it up there by the way.
      We were current on payments but could not afford it or many other things due to job loss for medical reasons.
      Anyway, in this market it took them some 3 months to sell it and of course we were not making payments on it at that time.
      During this period we had consulted an attorney and he told us to wait to file until the income fell off and get our checking and savings accounts away from B of A as we owed them money which of course we did.
      They finally sold the RV wholesale for some $48K (We paid about $110k for it). This left a large deficiency balance of course and they gave us about a month to pay that.
      Then they starting threatening and I told them we were about to file Chapter 7 and had just seen an attorney and to please call him.
      I never heard from them again other than by letter about twice 2 weeks apart telling me that if I did not pay they would enter collections threatening garnishment and such.
      We filed right at that time and sent them the case number by email and I never heard another word from them.


      • #4

        Originally posted by BigBoy2U
        Yes most of the people on this forum, the search feature is your friend...
        I did do a couple of searches ( BOA and full name ) and didn't get much information I was looking for. At least recent information anyway.

        Looking for how BOA handles CC debt currently.



        • #5
          Try searching just in the Collections forum.
          Many of us have been offered settlements in the 10-15% of current balance range.
          Trouble is, it doesn't make much sense unless you get your other creditors to play ball also.
          I.e. I have a ton of debt due to Chase and Citi also, they don't seem to agree with BofA's collection model, though I think it's fairly accurate.
          filed chapter 13..confirmed...converted to chapter 7...DISCHARGED!


          • #6
            It took over a year for them to send it to collections. Now, we have a local number that calls, several times per week. Some are really nice, some are jerks. DH just tells them that income went down before we stopped paying it and now it's really down as he doesn't have a job. They of course want to know about his unemployment (the jerky ones) and he will tell them that it barely covers the mortgage and utilities. Some suggest not paying one of those to pay them (yeah, right!) or to use our food money to pay them. Others are nice and understanding - they'll say, "yeah, your county has like a 12% unemployment rate, it's been hit very hard. Hope things look up for you soon." It's crazy the difference in different people from the same CA.


            • #7
              BoA was one of th eoriginal few who was willing to work with me. They gave me a 5-year payoff plan at 0%. I tried very hard to make it work. In the end, I was sued by local creditors and local CA's and couldn't keep up my end of the bargain. I had two accounts. After 180 days of non-payment on the "plan," they charged off the account and sold the debt to CACH. At about 150 days they were wanting to negotiate 25% - 30% on the dollar. I wish I could have accommodated them, but by then the other big wolves were at the door. After I sent DV's and notified that it was inconvenient to call me at any time (BB's suggestion,) I never heard frmo anyone again. One CA account shows on my credit report as "consumer disputes."

              Now, I had both accounts for nearly 20 years, and I did try to work with them. I don't know if this makes any difference, but it could.

              One of the things I was ignorant of in my early days of default was that I would still share all kinds of info with them. The one thing I never shared was updating personal references, wages, etc. In the end they seemed more than willing to overlook this if we could reach some type of settlement (reduced payment or 5-year plan.) I was never in favor of the 30% on the dollar, as I was uncertain about the 1099 tax liability. It would not have mattered. Eventually, I would have needed to get arrangements with all creditors. I don't think this is likely unless you are sitting on a war-chest of savings. If you were, you probably wouldn't be posting here.

              I can only offer personal experience and mine is that I first defaulted over 24 months ago, worked out deals, couldn't keep up my end, and eventually BoA sold the debt. I've heard nothing from anyone about these accounts int he past 4-5 months. I have not been sued. I exercised my rights under both state and federal laws. I live in a very rural place. I have had nothing but a PO Box for nearly 13 years. I'm not easy to serve. I have no (zero, nada) assets. They could sue me and get a judgment and wage garnishment, and I'm fine with that, but it will certainly cost them some greenies.

              There is no poster on this board who can tell you what BoA will do, but my best GUESS is that they will not go for a lawsuit themselves over unsecured debt obligations. DOwn the road a CA or JDB might attempt this, but BoA probably has more things to worry about than defaults from no-asset debtors. What's the point?


              • #8
                the wrote my balances off 16K and 13K. I ended up filing bk anyways, but they just charged it off 2 months before i filed. I never received one phone call.

                Bottom line don't talk to them. They are professionals and collect all day lomg and will get you to disclose infomrtion you should not have (employment, income, savings acct, other sources of income......). If they feel they can collect they will definelty collect from you.


                Unconfigured Ad Widget