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  1. Turns out this is urgent. The letters from Mercantile were sent on 12/08/23 and the 30 day response time is 1/17/2024. I just wrote them via email to validate the debt.
  2. Hello All, 1. Two business cards with lines of about $7k were placed by BofA with Mercantile Collections Agency. 2. Another was placed with CCL for about $4k These are personally guaranteed but there has been no mark on my credit report. What are my best options to resolve these? All ideas greatly appreciated! Thank you!
  3. was unable to access the site yesterday. just checking in to see if anyone had further insight. thank you so much!
  4. thank you so much @shifter. i appreciate that. i am planning on offering a 20% settlement. lets see if that works. wondering how the personal guarantee plays out. is that if it goes to court? or just to call and collect?
  5. 4. i suppose i could make them a settlement offer such as 20% of the total in each case as a way to resolve it. is that a possibility with bofa?
  6. thank you everybody. the bofa accounts were charged off yesterday. they had informed me that they would be charged off on 12/7, my payment date, but in fact they were charged-off at the end of the month (11/30). the accounts are guaranteed by my social security number and therefore I expect the three derogatories on my credit report. however, the bank of america representative says, 'it may or may not report and that i would just have to wait and see' 1. what are my options now for the credit reporting? 2. they are offering a payment plan which breaks the entire balance into several years with no additional APR etc. is this a good idea to accept this plan? 3. they also said something previously about how this can reported to the IRS on a 1099 C. what is the best step for me take on that? thank you!!
  7. Hello Credit pros My BofA business cards are about to go past 180 days. Will this now go on my personal credit report? Thank you so much!
  8. That’s awesome. I did not know about ACRs offering. Thank you! Sent from my iPhone using Tapatalk
  9. @chonkyfire this account is more than 20 years in the running, never late, and the lates came after setting up payment arrangements and missing to set up auto pay. Hopefully this helps compare… Sent from my iPhone using Tapatalk
  10. seems unusual. agreed, hopefully credit karma updates in a few days. Sent from my iPhone using Tapatalk
  11. over covid i had lates on four trade lines. i called these banks today to see if they could remove the lates or give me addresses to their dispute department and to 'office of the president' or similar. at capital one, a supervisor asked me if it was 'covid' related. i said 'yes'. she went ahead and processed three non-continuous lates and removed all 'deliquencies' what does this mean? will it just get reported on time. or this will be an 'annotation' that says covid related and will have no impact on my credit score. thank you in advance!
  12. Thank you,@sidewinder@centex @shizcat Points taken. What about lates on accounts that are already closed? Go after them too? Transunion report does not seem to care about those. Sent from my iPhone using Tapatalk
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