If you’re going to settle debt with Bank of America, there are some things you should know. What to expect, and how to maneuver through the negotiation process with them, and you should also be aware of whether you’re dealing with a collection agency working for BofA.
B of A is not selling much of their unpaid credit card debts off to debt buyers of late, but they will likely do so in the future. Dealing with debt buyers who purchase the legal rights to collect from you is handled differently.
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Michael Bovee started CRN in 2004 with a mission to provide people in need with detailed credit and debt help. The DebtBytes Channel is an extension of the CRN blog, and is dedicated to finding the debt relief option or strategy that works best for you.