I have a Businesss Credit Line with BofA that is D

I have a Businesss Credit Line with BofA that is Due. I received a Notice of Demand letter for the debt of $20,241. Is it possible to negotiate a settlement for a lower amount of 50% or more? The original Credit line was for 50k.

2 Answers

Business debt settlement can be a solution to your problem. Contact a business debt settlement company. 


Most of the posts on this board is for consumer loans.  You might wanna google this and see others experiences with business credit.

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

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