Bank of America-Charge Off

Discussion in 'Credit Talk' started by joecarlos, Apr 9, 2012.

  1. joecarlos

    joecarlos Member

    Hello Everyone!

    I have a BOA charge off that's been in my credit report for 2 years. This account is currently handled by a collection agency, I've already sent DV letters to the CA and they responded saying that they will provide me the info i requested in 30. Just out of curiosity, has anyone ever been successful in have BOA remove a CO?
    I can afford to pay the debt now but i would like this derogatory mark off my credit report.

    Thanks,
     
  2. JoshuaHeckathorn

    JoshuaHeckathorn Administrator

    I've corresponded with many people via the forum that have had success working with Bank of America on charge offs. Has this debt already been sold to the CA, or is it still with BOA? Is a collection reporting on your credit reports as well?
     
  3. joecarlos

    joecarlos Member

    It seems that the debt wasn't sold to the collector, the last time they contact me they told me that they're working on BOA's behalf. The only agency reporting the charge off is BOA.
     
  4. JoshuaHeckathorn

    JoshuaHeckathorn Administrator

    The CA won't be able to do anything for you regarding the charge-off. If possible, you'll want to see if you can get your account pulled back from the CA so you can work directly with BOA's in-house team regarding payment and removal of the charge off.
     
  5. joecarlos

    joecarlos Member

    I spoke with a representative and they say they can't, is there another approach or should i keep on trying?
     
  6. JoshuaHeckathorn

    JoshuaHeckathorn Administrator

    Did you speak with someone at BOA or at the CA? The CA will of course tell you they can't do that.
     
  7. joecarlos

    joecarlos Member

    Bank of America.
     
  8. JoshuaHeckathorn

    JoshuaHeckathorn Administrator

    Try a letter to BOA instead. You may get a better response.
     
  9. joecarlos

    joecarlos Member

    I decided to call back, and they say they'll try to pull the account back by April 20 as long as I pay the debt in full. They told me to call them on that date, I have not talked to them about removing the charge off of this account. If the account gets pulled back on that date, should i ask for a charge off removal? Do you think this would work?
     
  10. JoshuaHeckathorn

    JoshuaHeckathorn Administrator

    Get anything they agree to in writing first. If they're able to pull the account back from collections, then I would definitely push for removal of the charge-off in return for payment in full. It could work, so I think it's worth a try.
     

Share This Page