If you had a Bank of America credit card and your debts were discharged in a Chapter 7 Bankruptcy you may be eligible for a potential award from the Bank of America Credit Card Class Action Lawsuit! According to the lawsuit, Bank of America failed to update credit card information when the account holder’s debts were sold. This meant that tradelines did not indicate that the debts were included in the bankruptcy and were shown as sold, charged off with a $0 balance. Bank of America denies the claims but have agreed to settle the lawsuit to avoid the burden and expense of ongoing litigation. If you’re eligible, submit a claim form to receive your potential award by January 30, 2018!
Bank of America Credit Card CAL:
- Bank of America Credit Card Claim Form
- Claim Form Deadline: 01/30/2018
- Who’s Eligible: Anyone who, maintained a credit card account with Bank of America that was charged off by and sold to a third-party Debt Buyer on or after January 1, 2008 and were discharged in Chapter 7 Bankruptcy after such debt was sold to a third-party Debt Buyer but before October 1, 2015.
- Estimated Amount: Varies
- Proof of Purchase: Yes
- Case Name & Number: Michael Echavarria, et al. v. Bank of America Corporation, et al., Case No. 14-08216, in the U.S. District Court for the Southern District of New York
How to File a Claim:
- Head on over to the Bank of America Credit Card Claim Form.
- Read over and complete the claim form to see if you are eligible.
- Submit your claim form to receive your potential award by January 30, 2018!
Bottom Line:
Bank of America should take responsibility for failing to update credit reporting information with Chapter 7 Bankruptcy when discharged. If you held a credit card account with Bank of America which was ultimately charged off to a third party debt buyer you may be eligible for a potential award from the Bank of America Credit Card Class Action Lawsuit. This is an issue that Bank of America should resolve. Upon their mistake I recommend taking advantage and sending a claim form to this lawsuit. Those eligible for the lawsuit should expect a potential award by January 30, 2018! Make sure to take a look at our full list of Class Action Lawsuit Settlements for other potential ways to make some cash!
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