Beware of the statute of limitations on debtĭepending on how long it’s been since you failed to repay Bank of America Collections, it’s possible that your debt is old enough that it’s passed the statute of limitations. This will make things much easier if you need to take legal action against them in the future. If you think that Bank of America Collections may be violating your rights, then it’s a good idea to record your phone calls, save any letters they send you, and keep records of when they’ve contacted you. However, you still have several options for fighting Bank of America Collections and getting the collection account off your credit report, which we’ll describe below. Specifically, Bank of America Collections isn’t required to adhere to the Fair Debt Collection Practices Act, which means that (depending on the laws in your state) there may be fewer restrictions on how and when they can contact you. Get a Free Consultation Understand your rightsīecause Bank of America Collections is a first-party debt collector (meaning they collect debts on their own behalf), they don’t have to abide by the same laws that apply to third-party debt collection agencies (which collect debts for other companies and individuals). Website: Disputing an incorrect entry on your credit report can be stressful and difficult. If you want to remove Bank of America Collections from your credit report, write to their address: To do so, contact Bank of America’s collection department directly using the contact information provided on your most recent credit card statement or the number and address provided below for credit card billing inquiries.īank of America Collections Contact Information That’s why you should always verify the validity of any debts you’re contacted about before taking further action. Scammers may also claim to represent Bank of America Collections when calling you. It’s also possible that Bank of America will hire other third-party debt collection agencies to help them collect their debts, and those agencies might violate your rights, even if BOA doesn’t. However, like any other debt collector, Bank of America Collections may still behave unethically or make mistakes when trying to collect payments. They’re the legitimate debt collector for Bank of America, which is accredited by the Better Business Bureau (BBB). No, Bank of America Collections isn’t a scam. In other words, if you see a BOA Collections account on your credit report, it means you have overdue debts on a Bank of America credit account (or they at least think you do). Who does Bank of America Collections collect for?īank of America Collections is a first-party debt collector, meaning they collect on debts that customers owe to them. Bank of America Investment Services, Inc.Specifically, Bank of America also does business under the following names: 2 This means that it’s possible you’ll be contacted by BOA Collections even if you weren’t aware you had a Bank of America credit account. Bank of America’s other namesĪs a large financial company, Bank of America has many divisions and subsidiaries that go by different names. If you have a credit account with Bank of America and you’ve missed some of your bill payments, you might start receiving calls and letters from Bank of America Collections asking you for money. Headquartered in Charlotte, NC, Bank of America is the second largest bank in the US. The name “Bank of America Collections” refers to the debt collection division of Bank of America (BOA). How to stop Bank of America Collections from calling you.How to remove Bank of America Collections from your credit report.Who does Bank of America Collections collect for?.
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