Have 2 BOA accounts in default, no payments in 6 months and got a letter saying they will charge off in a month.
I don't have the funds to pay off a negotiated settlement, and not looking good for anytime soon.
Not willing to go into bankruptcy, and have been keeping other cards current to keep credit lines open for my at home business.
Should I let the accounts be charged off, or would you recommend I stall for time by offering a low ball offer? Thanks