I have 3 BofA credit cards. In June 2010 I receive

I have 3 BofA credit cards. In June 2010 I received letters from BofA for all 3 accounts explaining that the APR would increase or I could "Opt Out" of all 3 cards. I decided to Opt Out of all 3 accounts. BofA raised my APR anyway, lowered my available limit to the current balance and reported me to the "Big 3" credit reporting agencies as being "maxed out" on all 3 cards. I stopped making payments because I couldn't afford them anymore. FIA contacted me and I set up a payment plan. My financial situation changed and again I could not make payments. I contacteed FIA in an attempt to re-negotiate terms. I was told that it could not be re-negotiated. I stopped making payments again. Now I have a lawyer threatening to take my home because of one of the cards and 2 others are with collection agencies. What should I do?

2 Answers

They can't take your home all of a sudden. Credit cards are unsecured debts. They have to win judgment against you first. Then only they can impose a lien on your home.


Is he actually threatening to "take" your home or "lein" your home???

How to Deal with Illegal Loans..OhioGal's Primer
http://www.debtconsolidationcare.com/paydayloan/dealingwith-illegallenders.html
PDL's are ILLEGAL in the following states...
AR, AZ, CT, GA, ME, MD, MA, NJ, NY, NC, PA, VT AND DC
OH AND NH have very restrictive low cost interest rate laws.

SOL for all states
http://www.debtconsolidationcare.com/statute-of-limitation.html

Write Your Answer

CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.
What is the sum of 7 and 1


Inter Next Technologies, Inc., Internet Marketing Services, Reno, NV


Page loaded in 1.152 seconds.