Bank of america consolidating debt disadvantages of website updating

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.

Magnify Money is an advertising-supported comparison service which receives compensation from some of the financial providers whose offers appear on our site.

This compensation from our advertising partners may impact how and where products appear on the site (including for example, the order in which they appear).

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While we make an effort to include the best deals available to the general public, we make no warranty that such information represents all available products."Advertiser Disclosure Wednesday, December 24, 2014 The editorial content on this page is not provided by any financial institution and has not been reviewed, approved or otherwise endorsed by any of these entities.

When in the business, Bank of America offered both federal and private student loans.

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