12-13-2012 11:31 AM
Im guessing if I pay of the CA and they delete (fingers crossed) it would look a little bit better. That really is my only option
12-13-2012 12:29 PM
I was in similar situation. I've had success with Asset Acceptance GW deleting after a settlement for less than balance owed. Stil working on the CO from BofA, but it is not looking good.
12-13-2012 12:42 PM
Its like a rock in a hard place. I know the feeling. Let me know how your progress goes
12-13-2012 12:50 PM
It's a bit difficult to caste the debt collector as the bad guy when their credit reporting agreement with the CRAs stipulates that they are not to delete prior reporting based on payment of the debt. That stipulation is made by the CRAs based on their view that subjective deletion of credit history is not in the interest of the maintining the integrity of credit reporting system. Hard to argue against integrity.......
12-13-2012 12:53 PM
I agree I am the consumer and responsible for the debt. But this is some of the reason why the economy is so bad! We are not getting any chances to purchase cars, homes, etc because of small mistakes on our CR holding us bank. If im not mistakened, our tax money was used to bail out Bank of America. But again they do not offfer any GW. Its simply unfortunate and there needs to be changes
12-13-2012 12:54 PM
Im trying to PIF but whats the point, its still remains on my credit as a charge off with one tradeline, and a paid collection on the other! BAD BAD BAD
02-06-2013 09:28 PM
Any update on the this thread?
I have a similar situation just like the original post: had a B of A credit card ($2k line only) and was charged off and sold to Asset Acceptance.
I got back on my feet now and am trying to take care of the issues and clean up my credit.
I have called Bank of America couple times and got the same answer every time: the debt has been sold and there is nothing they can do.
Does anyone really have the experience of B of A pulling back the account they sold off? I have searched a lot but haven't seen any real case online.
Would someone please post who to talk to and how to get this done with successful experience?
Also, what are the settlement result with Asset Acceptance? Is it easy to settle with deletion? Settle at which percentage?
Any info is greatly appreciated. Thanks!
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.