No phone calls? Is the storm getting ready to hit?

[moo]

I haven't paid on the HELOC for alomost 6 months now. Credit cards are going on 5-6 months now. BofA holds one card(9,500.00) and HELOC(30,000) and have not heard from them in about 2 months now. The house is very underwater and told them I was unemployed for almost a year. Haven't heard from them since.

SHould I be worried or have they determined they will not get anything?

The 2nd card with Chase (6,400) has now hired CA to call me now. Been getting calls about 3 times a day, but that is it.

I have read that people get bobarded with calls, but I have only heard from Chase. Am I just lucky or are they just gettin ready to sue? Seems strange that is has been so quite.

[flyinbroke]

I have heard that if things have gone radio silent, watch out. They are giving your account to CAs or possibly gearing up for legal action. I would bet on CAs/JDBs getting it. I have heard BoA hangs onto their accounts for a while though, even after chargeoff.

[calgirl67]

aahhh.. the calm before the storm!!!

or maybe they just don't have enough debt collectors to call the millions of overdue accounts

[moo]

I do know that none of the accounts have been charged off yet? But, Chase has IC Systems working for the on there behalf.

[flyinbroke]

Be aware, Chase will most likely sue. They glutted up about 75 percent of my court's docket. I know a few people here skimmed past Chase, but they have nabbed a lot more.