CubsWoo posted:

This, on the other hand, is terrible advice. Especially in today's climate regarding the use of arbitration. UltimateKO, check to see if your BoA card has pushed through a 'Change in Terms' notice recently. If you've been keeping good records of the items you've received from the company, you'll have a copy of it. If you haven't had your terms changed recently, you're in luck, and you should stop paying on the card. If they pursue you for the debt (and they will, trust me) mention in any letters to them that you will choose to elect (and use 'elect,' that's important) arbitration to settle the matter privately. This sucks BoA into a black hole that they likely will not get out of - they need to pay for nearly the whole cost of the proceedings (you pay $250, and if you're at 300% of the poverty line or below, you get a waiver - AND BoA, as per your agreement, may need to forward you the money to begin as per the contract language!) and the climate of arbitrators has shifted very pro-consumer. BoA will not want to throw $50000 and years of their time into arbitration to get your $11k, trust me. I've recently dealt with them for an amount close to what you owe, and they've thrown up the white flag.