Legal Question in Credit and Debt Law in New York

stipulation of settlement
Received a summons for a credit card debt from Bank of America. I hired a lawyer and came to an agreement for payment. I owed 10,000 plus interest (which keeps growing) the agreement was payments which last till 12/08. I recently came into some money and I want to pay off this debt in a lump sum and have B of A agree to full deletion on my credit report, or reporting it as paid and all negative notations be removed. My lawyer tells me I can pay this amount - but B of A cannot do this and that I should contact a consumer credit specialist for help. I am running out of time - I am supposed to sign a stipulation of settlement for payments till 2008 - or offer to pay them in one lump sum. I don't have the confidence in my lawyer that I once had, and I am afraid of making a big mistake by signing this paper without fixing my credit report at the same time.

Please advise me if they can either delete this from my credit report and or remove all negetive reports.

thankyou

Asked on 8/25/07, 11:38 pm

Robert R. Groezinger GroezingerLaw P.C.

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0 attorneys agreed

Re: stipulation of settlement

This cannot be "removed" from your credit report for many reasons...but you might have other options.

Feel free to contact me for a quick free phone consult.

Good Luck

RRG

Answered on 8/27/07, 1:47 pm

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