|
My first question is What is the song in the new baseball visa Discover Card commercial? Thanks in advance for any comment. My 2nd question... So, this is a baddie on my CRs with the creditor listed as BofA. |
|
|
|
That's a good question. I'm not sure what is the right answer to your question. I'll do some Googling and get back to you if I discover an decent answer. You should email the people at Discover Card as they probably could give you help..
|
|
Thanks.
Centex. For explaining that it is normal for accounts to be placed with third parties. HOW DO I RESOLVE THIS SITUATION/GET THIS REMOVED FROM MY REPORTS?.. |
|
If you are looking to get rid of this ASAP, then attempt to do what Centex said and get in contact with someone at BOA that CAN help you. Not the CSR's from India. There is no easy answer to what you are asking how do you get it removed. The only things I can think of are.
1) Search button. 2) Contacting a higher up and offering a PFD... |
|
Those are two different issues, and the response to the first is entirely dependent on JUST how fresh the delinquency happens to be. It would also depend on your present financial situation..
As to the lack of response, there IS no requirement at the federal level that a third-party respond to you. Some States require, by law, a response.. The other issue on reporting is that it does not appear from your post that anyone other than the OC is reporting. The third-party cannot negotiate a removal of someone else's tradeline. Similarly, BofA is not noted for engaging in a PFD agreement, which means that you risk a second tradeline appearing when the account IS sold off (if not before then).. On fresh paper and with at least SOME money, I would pursue a Rule 5000 reaging of the account. As noted in other threads, it salvages the account and gets the bank what is owed to them...a win-win for both parties. BofA acquired MBNA and MBNA used to be noted for entering into such arrangements, although they did not expressly call them an FDIC workout (but the net effect was the same). Given that BofA left many of the MBNA people in charge of the newly-created FIA Card Services, it stands to reason that it MAY be a viable option... |
|
Thanks centex.
Understanding that you are not my attorney, and that your opinions do not constittue legal advice or an attorney-client relationship, what is the best course of action if what I want is a quick resolution and least amount of damage to my CRs?. Should I send the third-party CA the letter they are requesting (essentially stating that I no longer need verification) and pay the amount, hoping and trusting that the CA will send a settlement letter upon receipt? (and how will this be reported on my CRs?). OR should I pursue a Rule 5000 reaging of the account with a higher-up at BofA?. I just want this settled - and yes, that means I am willing and able to pay.. |
