I have three different account with BOA. Now, I have one judgement against me. My bank accounts get frozen. I still have one bank account active. Will they frozen my other account later. Should I take all the money out first? The lawyer offer me 65% settlement , they will not waive the interest, court fees. They give me end of this month to accept the offer. They told me next month will be 85% settlement. Should I take the offer now, or I can get something better later? Please help

orginal balance: 12,000 judgement amount: 14,600 settlement: 10,000

I need to borrow money from my relatives, friends, in order to settle.


Advise should I get the settlement now or wait for better settlement.

They said they will charge me 9% interest if I don't pay it now. Can they do that?

PWONG1235

thanks alot for your help. My life is really mixed up. I really want to put this behind me.

stones123

Please keep this up-dated. I would really like to know how this turns out for you. I'm in a simpler situation but they have not offered any settlement. Just a judgement against me. I am going to try and have the judgement reversed since I can prove that they will not talk with me or even try an settle this account.
Has a judgement ever been reversed by a judge?

progunr

Since this is a judgment, the rate of interest would be governed by the law in your state or county and would not be up to the creditor to determine.

If you can borrow from family, to eliminate this judgment, I would do so.

If they continue to levy your account, and possibly garnish your wages, I can only imagine that would create even further problems with the bills and debt you still have to take care of.

As to the other BOA accounts, if they too are delinquent, there certainly does exist the possibility of further legal action on them as well.

Good Luck to you.

ScottGem

First its not a good idea to piggyback your question on someone elses. This can lead to confusion. You should start a new thread. Normally I would move this, but since it does apply partially to this thread I'm going to leave it here. However, I request that you start your own thread fopr any followup.

Judgements can be vacated if sufficient legal grounds exist. Unfortunately, the plaintiff's refusal to talk to you or negotiate a settlement is not grounds for reversal.

PWONG1235

The Lawayer Give Me An Extention To Send In The $10,000 (65% Settlement) Before May 15. Should I Take The Deal? Do Anyone Think I Can Get A Better Deal Later. The Lawyer Took Me It's Legal To Charge 9% Interest. It Indicate In The Judgetment Also. Advice, Should I Take The Deal Or Not?

ScottGem

I told you before I think you should take the deal. But make sure you get it ALL in writing.

PWONG1235

Thanks Djizzle. I Agree To Settle With The Laywer $10,000 (65% Settelement). The Lawyer Say I Must Have The Money By May 19, 2008. I Put $4000 Down First.
Need To Borrow The Rest From Relatives. Just Need To Get This Behind Me.