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Sued by Bank of America? We'll Negotiate to Reduce What You Owe

Bank of America is one of the largest financial institutions in the United States. They pursue collection on unpaid credit card accounts, personal loans, and other consumer debts through internal teams and outside collection law firms. Bank of America also sells some defaulted accounts to debt buyers. When they sue directly, their documentation tends to be more complete than debt buyers, but consumers still have viable defenses.

Type

Original Creditor

Parent Company

Bank of America Corporation

Common Debt Types

credit card, personal loan, home equity

Common FDCPA Violations by Bank of America

Hired collection agencies making harassing phone calls exceeding reasonable frequency

Filing suit on accounts with disputed billing errors that were never properly resolved

Collection attorneys adding improper attorney fees and costs to the claimed amount

Misrepresenting the consequences of not paying the debt

Reporting debt to credit bureaus without noting it is disputed

Your Situation With Bank of America

If Bank of America Has Not Sued You Yet

You have more leverage. Act now — this is the best time to negotiate.

  • Pre-suit negotiations typically get better settlements
  • If you are within 30 days of first contact, we send a debt validation letter
  • Statute of limitations may bar the debt entirely

If Bank of America Has Already Filed a Lawsuit

Do not wait. The collector expects 70-80%, but we still push for less.

  • You typically have a 30-day response deadline
  • Missing the deadline can result in a default judgment
  • Attorney negotiation still reduces the amount significantly

How We Handle Bank of America Cases

  1. Free case review. Tell us about the debt and whether you have been sued. We check the statute of limitations, screen for FDCPA violations, and determine if debt validation applies — at no cost.
  2. Debt validation (if applicable). If you are within 30 days of Bank of America's first contact, we send a debt validation letter via certified mail. This forces them to pause collection and prove the debt is valid.
  3. We evaluate your defenses. Common defenses against Bank of America include statute of limitations, lack of standing, incorrect amount, and FDCPA violations.
  4. Our attorney negotiates directly with Bank of America. We contact the collector, present your financial hardship, and negotiate a reduced settlement. We start at 40-50% and push for the lowest amount possible.
  5. Written settlement agreement. We get everything in writing before you pay — exact amount, payment deadline, dismissal with prejudice (if sued), and full release of claims.
  6. FDCPA counterclaim if applicable. If Bank of America broke the law, our attorney can countersue at no cost to you — the collector pays.

Your Rights When Sued by Bank of America

Right to demand proof they own the debt

Right to dispute the amount claimed

Right to raise statute of limitations defense

Right to countersue for FDCPA violations

Frequently Asked Questions About Bank of America

Does Bank of America sue for credit card debt?

Yes. Bank of America files lawsuits for unpaid credit card balances through its network of collection attorneys across the country.

What if I already paid Bank of America?

If you have proof of payment, this is a complete defense. Gather all payment records, settlement letters, and confirmation numbers to present in your Answer.

Can Bank of America freeze my bank account?

Only after obtaining a court judgment. If you bank at Bank of America and they obtain a judgment, they may have enhanced ability to levy your account through the right of offset.

Should I close my Bank of America account if they sue me?

Consider moving funds to a different bank to protect against potential right-of-offset if Bank of America obtains a judgment. Consult with an attorney about asset protection strategies.

Reviewed by Ariella, Esq. This information is for educational purposes and does not constitute legal advice.

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