Online Banks Guide
Bank of America Chase Bank HSBC Bank Citibank Wells Fargo Bank
 Home  » Bank of America  » Debt Consolidation

Bank of America Debt Consolidation

Bank of America Debt Consolidation loan is one of the best assistance programs provided by the bank to help a large number of loan borrowers to consolidate their debts. Being a leading banking institution of the United States, Bank of America offers a wide variety of loan programs to eligible borrowers in the country. However, due to various financial reasons, many of the borrowers face a number of debt problems. To solve the problems of those borrowers facing multiple debts, Bank of America offers "Clean Sweep" debt consolidation loan of up to $50,000.

BOA Debt Consolidation Loan

Bank of America offers a debt consolidation loan called the Clean Sweep line of credit. This Bank of America debt consolidation program is specially designed for those borrowers who are eagerly in need of debt consolidation. Clean Sweep line of credit has a variable interest rate that can rise to as high as 25.49% based on the credit rating of the borrowers. The bank charges the borrowers a 3% transaction fee every time they need an advance. One of the most important facts o this debt consolidation loan is that with every request for an advance, the bank restarts the payment term of the borrower. The repayments terms of Clean Sweep can extend to as long as 72 months.

Bank of America Debt Settlement

On the hand, Bank of America also offers a number of debt settlement programs for eligible customers of the bank. In order to settle a debt, you are required to send a debt settlement letter to the Bank of America debt settlement department mentioning the reason for your financial inability. Depending on the worthiness or the reasonability of your letter, the debt consolidation department will consider the approval for your debt settlement application. A debt settlement program can offer you a number of benefits that include reduction in the principal amount, interest rates or an extended repayment program. It is very important for the applicants to prepare their debt settlement letter in a professional way. The letter should be able to express the genuine reason for your financial troubles.

Bank of America also advertises a new debt consolidation program that allows you to borrow up to $25,000 to repay your multiple high interest debts. With this debt consolidation, you can get a low variable interest rate of 9.49% APR. The bank does not require any collateral in order to offer this loan program. Moreover, there are no pre-payment penalties, annual fee and the borrowers can get loan decision within 15 minutes after applying. However, it is important for the borrowers to remember that the interest rates will be greatly determined by their credit score.
Bank of America offers a number of assistance programs including debt consolidation loan for eligible borrowers. Check the Clean Sweep Line of Credit program provided by the bank.



Bank of America
 Account Information
 Online Banking
 Online Payment
 Savings Account
 Legal Department
 Routing Number
 Phone Number
 Merchant Services
 Checking Account
 Customer Service
 Customer Service Number
 Hours of Operation
 Home Banking
 Wire Transfer
 Bill Pay
 Exchange Rate
 Foreign Currency Exchange
 Home Value
 Military Bank
 Military Banking Online
 Real Estate
 Direct Deposit
Bank of America Mortgage
 Mortgage Rates
 Mortgage Refinance
 Mortgage Calculator
 Mortgage Payment
 Mortgage Payment Online
 Mortgage Customer Service
 Mortgage Department
 Mortgage Address
 Mortgage Modification
 Mortgage Online
Bank of America Loans
 Unsecured Loan
 Auto Loan
 Personal Loans
 Personal Loan Application
 Personal Loan Rates
 Student Loans
 Student Loan Consolidation
 Home Loans
 Home Equity
 Loan Modification
 Refinance Rates
Bank of America Foreclosures
 Foreclosure Process
 Foreclosure Homes
 Foreclosure Department
 Reo Properties
 Reo Asset Management
 Home Retention
 Home Retention Program
Bank of America Credit Card
 Credit Card Services
 Credit Card Customer Service
 Credit Card Login
 Credit Card Rewards
 Credit Card Payment
 Credit Card Application
 Visa Card
 Debit Card
 Business Card
 ATM Limit
Bank of America Locations
 India Operations
 India Jobs