answersLogoWhite

0

Bank of America debt settlement

Updated: 9/14/2023
User Avatar

Wiki User

13y ago

Best Answer

Debt consolidation means to use one major loan in order to pay off all the other loan. It is implemented by simply using a collateral object such as a house to turn into secured loan and pay off the other loans, or sometimes it is the other way round.

There are many organizations that specialize in debt consolidations, and amongst them Bank of America, is the organization that has introduced a program called the Clean Sweep credit line, which offers loans for debtors to use as pay offs.

User Avatar

Wiki User

13y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Bank of America debt settlement
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What companies offer debt settlement USA?

Debt Settlement Corporation of America is a leading company offering debt settlement.The other two largest companies are Debt Relife Alliance and Debt Solutions.


How can one have debt settlement in America?

Debt settlement is an approach to debt reduction in which the debtor and creditor agree on a reduced balance that will be regarded as payment in full. In America consumers can arrange their own settlements by using advice found on web sites, hire a lawyer to act for them, or use debt settlement companies.


Does Bank of America offer freedom from debt or debt relief programs?

No, it does not. Bank of America is a bank in the business of making money, not helping you save your own. You best option would be to find a reputable debt relief company or an accountant.


Where can I go for debt settlement services in Southaven Mississippi?

If you're looking for a local company to help with debt settlement, I suggest you talk to you local bank. They can provide you with a personal loan to consolidate your debt at a much lower interest rate. Most debt settlement companies are nationwide companies and provide the same service.


What services do Debt Relief of America provide?

They offer debit consolidation loans, debt settlement, debt management, and debt negotiation services to help people manage their debt payments so they can one day get out of debt.


Do you have to declare what you save to the IRS if you go through debt settlement?

Yes, you have to declare what you save to the IRS if you go through debt settlement. You can read more information at www.debtfreedestiny.com/debt-settlement/debt-settlement-and-income-taxes


What types of services does Bank of America offer its customers looking for debt consolidation?

There are many services offered by the Bank of America for its customers looking for debt consolidation. Services offered by the Bank of America for its customers looking for debt consolidation include low credit card balance transfer rates, home equity loans, and an unsecured line of credit.


Debt Settlement Company is increasing in numbers which debt settlement company should one trust with?

Off course, many debt settlement companies are increased in numbers but, one can compare the debt settlement company's policy before taking any debt settlement program. For further details, visit http://debtsolutionsgrp.com


Is settlement good or bad on credit report?

Debt settlement is good for your credit rating. Just settle the debt and move on. Do not use a debt settlement company, ever.


Where can one find reviews on debt settlement companies?

Reviews on debt settlement companies can be found on Top Ten Reviews, Debt Settlement Reviews, My Money Coach, No More Debt and For the Love of Money.


How do you use a bank of America debt card in a wells Fargo ATM?

the same way you use any bank card


How could one access debt settlement programs in the US?

Access to debt settlement programs in America can be found through local law office, not-for-profit money management programs, and through organizations such as churches and other faith groups.