$52 charge-off on Bank of America credit card

Discussion in 'Credit Talk' started by kubark42, Mar 24, 2014.

  1. kubark42

    kubark42 New Member

    Hi--

    I'm hoping to get some advice on how to get a $52 charge-off removed from my credit report. I originally had a credit card through Schwab, who after several years sold my card account on to Bank of America. After a year, BoA changed the terms of my card so I stopped using it. Several months later, I moved to Europe and put the unused card aside. In the meanwhile, an automated charge occurred on my account and this went unnoticed until I came back to the US a few weeks ago. The upshot was BoA charged off my account and gave me a black mark in my credit.

    The long and the short of it this single ding is worth 70 points on my credit record and will cost me big bucks as I go to find a mortgage in a very expensive US housing market. I routinely charge-- and pay off-- several thousand dollars per month so I have an otherwise unblemished history.

    Anyone have advice, or personal experience with Bank of America charge-offs?
     
  2. jam237

    jam237 Well-Known Member

    The best approach would be to try a goodwill letter to BoA.

    Especially under the circumstances.
     
  3. beachmint

    beachmint New Member

    Try calling in and explaining the situation in a calm, respectful manner and let them know it was an honest mistake.
     
  4. kubark42

    kubark42 New Member

    The lady on the phone was understanding, but didn't know what could be done to resolve the problem. She forwarded the request on to the internal "Research and Dispute" unit, to which I also sent a goodwill follow-up letter. I'll update this thread with results once I hear back.
     
  5. Bill12

    Bill12 New Member

    I think you have took the best possible step. Having dealt with BoA plenty of times, they receive a bad rap from a lot of people. A number of times it has been deserved, but both myself and people I have helped before were able to get through to them. You just do not want to make the mistake of talking to people who are unable to help you (always go higher up the chain)
     
  6. BCOHEN2010

    BCOHEN2010 Well-Known Member

    So, did the goodwill letter end up working?
     
  7. kubark42

    kubark42 New Member

    I never heard back from them. Just reinforces my desire never to have anything to do with them again.
     
  8. JoshuaHeckathorn

    JoshuaHeckathorn Administrator

    Curious Kubark42 if you were ever able to get the charge-off removed from your credit reports. Did you hear back from Bank of America at some point in response to your goodwill letter?
     
  9. kubark42

    kubark42 New Member

    No, never did. I eventually found a bank which recognized the silliness of the impact on my credit score and gave me as good a rate as could be found.
     
  10. Colleen M Jeffrey

    Colleen M Jeffrey New Member

    Call Bank of America and see if they will remove the item from reporting if you pay the $52
     
  11. Amanda D Davis

    Amanda D Davis New Member

    i dont usually buy this ideas but its so real ,i have unwanted collections ,late payments , tax liens and of course charged off accounts , i have tried many means to get my profile back and have my score up excellently ,it happened just like magic when dejatech007 AT Gmail dot com fixed my credit profile in few days , he removed all unwanted collections, late payments ,tax lien and increased my credit score from 416 to 806 .i don't believe at first until it all happened . ever since then i have been having a perfect credit profile.
     

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