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  1. #1
    Join Date
    Feb 2010
    Posts
    1

    Default Credit Card Debt Transfer to Equity Line

    My question involves collection proceedings in the State of: Florida

    I have $50,000 of credit card debt with B.O.A which I am unable to pay.
    I also have an equity line of credit against my house with the same bank which I am paying minimum payments on. Can B.O.A transfer the credit card debt to the unused portion of the equity line of credit to secure their position?

    I have had no summons as yet but am constantly pounded by phone calls.

  2. #2
    Join Date
    Sep 2005
    Location
    Behind a Desk
    Posts
    98,846

    Default Re: Credit Card Debt Transfer to Equity Line

    No, they can't unilaterally add your credit card balance to your home equity line.

    Have you considered consulting a bankruptcy lawyer?

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