Therefore, if you don't mind, I will ask several questions: 1) Part A: When a consumer (such as myself) stopped paying a credit card account....i.e.
Bank of America..it is 3 months past-due, am I correct that at that point, it sits in the internal collections department of Bof A?
2) Part A: I noticed that on my report there are charge-offs and open collections.
In speaking to mortgage lenders, they expressed a concern and told me that all my open collections would need to be paid if I wanted to buy a house.
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When in the business, Bank of America offered both federal and private student loans.