topic Has anyone had success with removing a BoA CO? / Other PDF questions in Rebuilding Your Credit

Has anyone had success with removing a BoA CO? / Other PDF questions

Iceemk4 — Wed, 22 Mar 2023 14:26:01 GMT

I have BoA CO that i want to get removed. From what I gather on this forum and other places, this is very unlikely from them. With that being said, has anyone had sucess with removing a CO from BoA with a PFD or any other methods?

I'm finnaly in a position where I'm able to pay for my bad debt / try to get my negatives removed and from what im reading I fell like BoA is going to be the biggest hassle so i just want to try and set my self up for the best posible outcome. Also, Should i try to get them to allow me to pay off the max CL so im not paying for all of the extra late fees, or should I PIF to improve my chances for deletion.

Re: Has anyone had success with removing a BoA CO? / Other PDF questions

FireMedic1 — Sat, 25 Mar 2023 11:03:16 GMT

99.9999% wont remove CO's. Once they are settled. It will help with your util %'s and the monthly updating will cease. Bout all you can do.

Re: Has anyone had success with removing a BoA CO? / Other PDF questions

Iceemk4 — Thu, 23 Mar 2023 13:20:16 GMT

@FireMedic1 wrote:
99.9999% wont remove CO's. Once they are settled. It will help with your util %'s and the monthly uopdating will cease. Bout all you can do.

Ahh ok, so ill give it a shot but i wont get my hopes up.

and for this particular situation, do you think it would be better to just pay the full $1100 ($400 of which is just late fees) or should i try to settle for the actual usage (round $650)?

Re: Has anyone had success with removing a BoA CO? / Other PDF questions

Lurker22 — Thu, 23 Mar 2023 23:56:44 GMT

@Iceemk4 wrote:

@FireMedic1 wrote:

99.9999% wont remove CO's. Once they are settled. It will help with your util %'s and the monthly uopdating will cease. Bout all you can do.

Ahh ok, so ill give it a shot but i wont get my hopes up.

and for this particular situation, do you think it would be better to just pay the full $1100 ($400 of which is just late fees) or should i try to settle for the actual usage (round $650)?

myself....if $400 of that is late fees, I'd start out lower with the intention of settling around $650, I'd start at $300 (they'll laugh at you but that's ok.

Re: Has anyone had success with removing a BoA CO? / Other PDF questions

CH-7-Mission-Accomplished — Fri, 24 Mar 2023 00:02:21 GMT

@Lurker22 wrote:

@Iceemk4 wrote:

@FireMedic1 wrote:

99.9999% wont remove CO's. Once they are settled. It will help with your util %'s and the monthly uopdating will cease. Bout all you can do.

Ahh ok, so ill give it a shot but i wont get my hopes up.

and for this particular situation, do you think it would be better to just pay the full $1100 ($400 of which is just late fees) or should i try to settle for the actual usage (round $650)?

myself....if $400 of that is late fees, I'd start out lower with the intention of settling around $650, I'd start at $300 (they'll laugh at you but that's ok

There have been recent posts, either here or on one of the other credit fora I follow, that mention Chase has been offering settlements at 25% of the principal owed for recent charge-offs.

I would offer them $300 and see what they say. No point in paying them a dime more than they will accept to mark the debt paid for less than owed and to stop updating. Good luck.

Re: Has anyone had success with removing a BoA CO? / Other PDF questions

Iceemk4 — Fri, 24 Mar 2023 23:21:51 GMT

@Lurker22 wrote:
@Iceemk4 wrote:
@FireMedic1 wrote:
99.9999% wont remove CO's. Once they are settled. It will help with your util %'s and the monthly uopdating will cease. Bout all you can do.
Ahh ok, so ill give it a shot but i wont get my hopes up.
and for this particular situation, do you think it would be better to just pay the full $1100 ($400 of which is just late fees) or should i try to settle for the actual usage (round $650)?
myself....if $400 of that is late fees, I'd start out lower with the intention of settling around $650, I'd start at $300 (they'll laugh at you but that's ok.

definitely thinking about taking this route.Thanks for the reply!

Re: Has anyone had success with removing a BoA CO? / Other PDF questions

Iceemk4 — Fri, 24 Mar 2023 23:23:22 GMT

@CH-7-Mission-Accomplished wrote:
@Lurker22 wrote:
@Iceemk4 wrote:
@FireMedic1 wrote:
99.9999% wont remove CO's. Once they are settled. It will help with your util %'s and the monthly uopdating will cease. Bout all you can do.
Ahh ok, so ill give it a shot but i wont get my hopes up.
and for this particular situation, do you think it would be better to just pay the full $1100 ($400 of which is just late fees) or should i try to settle for the actual usage (round $650)?
myself....if $400 of that is late fees, I'd start out lower with the intention of settling around $650, I'd start at $300 (they'll laugh at you but that's ok
There have been recent posts, either here or on one of the other credit fora I follow, that mention Chase has been offering settlements at 25% of the principal owed for recent charge-offs.

I would offer them $300 and see what they say. No point in paying them a dime more than they will accept to mark the debt paid for less than owed and to stop updating. Good luck.

For sure and thank you! I'm going to see if i can get them to agree to set it as paid in full for a lesser amount than whats reporting if they wont delete.