Finally $ to PIF... can I get lates removed?

[takethat]

I have been on a payment arrangement with Bank of America since about 2007. There are several lates showing back in 2007. The account is closed. I finally have the money to pay off the entire balance. Can I use this as leverage to get these lates or TL removed from my CR? Should I call or write? Anyone had success with this?

[CS800]

Let me know if you have any success.

I have 3 BoA cards that were closed in 2007 and i have been on a payment plan too. All my lates were in 2007 also.

This month, i will be paying off one of the cards. So i'm hoping to GW the 2007 lates so this account becomes positive.

[guiness56]

It never hurts to try.  All they can say is no.

[prolificjinx23]

The problem with BOA is that they don't "say" no - they just don't respond until you've hit a nerve & contacted someone higher up then they use the good stationary to say NO! LOL!!! I've been trying to get someone at BOA to delete a paid account or at least the lates with no luck for months. Let me know if you have some luck!

[sjt]

@prolificjinx23

What did you say in your GW letter to B of A? I heard they were reasonable.

[prolificjinx23]

@ sjt

The truth.... I was broke at the time I defaulted (without any sob story) but I have paid it in full thru the CA & I know that it's against their policy to delete TL's but if they can find it in their heart to delete it I would greatly appreciate it. I'm desperate to have this resolved. I want to make my dream of owning a home a reality - NOT FOR ME but for my kids! 

[takethat]

Thank you for the replies, everyone.

I guess my major question is which should I do?

1) Pay off the balance and later GW B of A

2) Wait to pay off the balance until I can get a PFD in writing or some other agreement in my favor?

Thanks!

[MBOhio2]

Start with an attempt to PFD - send a letter, wait a few weeks, send another letter, wait a few weeks, etc.

Eventually, after enough ignored PFD letters (or actual "nos") and for your own piece of mind, I would then just pay it and flip to the GW strategy. However, I have been trying to get a few lates removed from a BOA loan still in good standing (line of credit, closed, but has been on-time for years now) and I have gotten multiple, adamant "nos" in response to my GW letters. Therefore, I would try really hard for a PFD first because BOA seems to be very unwilling to remove lates through GW. The incentive of PIF will give you a much better chance.

Good luck!

[sjt]

@ prolificjinx23

I would keep trying and maybe re-word the letter to have them make an goodwill "adjustment" on your accounts rather then "delete the file" You might also mention that you choose the option of a payment plan that would allow you to pay the balance in full rather then a settlement amount.

[takethat]

Thanks everyone! I'll keep you posted!