I excepted funds offer from bank of america and paid my agreement upon quantity.
I recognized i'd get a 1099 in jan. 2010. While our 1099 came it had been over $2,500.00 a lot more than the agreement quantity. You see while making my payments toward our settlement present, bank of america was still incorporating late fees and interest to my old balance which elevated balance although the account was closed.
After many calls to bank of america, i obtained lots of promises that our 1099 could be corrected but i still haven't received a 1099.
Word of advice - when working with bank of america maintain your entire written documentation. I did so
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