BofA Transferred to Penncro?
We are 58 days past due on our Bank of America Credit Card. Yesterday we received a letter in the mail from a company named Penncro Associates stating they have "been authorized by our client to resolve this debt"
To date I have not spoken with BofA regarding my account
1. Should I contact Penncro or BofA to settle our debt?
2. When should I contact them? It seems that it got sent to collections so soon. I thought we should start negotiating sometime after the 90 day mark but before 180 days.
Thanks for your help!