Bank of America CashPro: What It Is & Lawsuit Defense

CashPro is Bank of America’s digital platform for managing business finances. You can handle payments, receipts, cash flow, and investments all in one place.

The platform connects via desktop, mobile apps, APIs, and file transfers. Businesses use CashPro to streamline their treasury operations and track financial transactions.

Bank of America Suing You? Respond Now

Don't let Bank of America win by default. File your Answer and negotiate a settlement before your court deadline passes.

Fight Back Today

Bank of America is one of the world’s largest financial institutions. CashPro has processed nearly $400 billion in payments since its launch.

But here’s the problem: CashPro doesn’t help with outstanding debts. And Bank of America will sue you if you fall behind on payments.

How CashPro Benefits Business Customers

CashPro provides comprehensive cash management tools for businesses. The platform gives you a centralized view of all your accounts.

Key benefits include:

Account management across multiple business accounts in one dashboard
Secure payment processing for sending and receiving funds online
Real-time reporting and transaction monitoring
Integration with existing accounting and financial systems

Nearly $400 million in payments get approved through CashPro regularly. In 2018 alone, spending through the platform reached $378 billion.

Businesses trust CashPro for managing their treasury needs. The platform’s high adoption rate shows how effective it is.

Bank of America Will Sue You for Unpaid Debts

CashPro can’t protect you from debt collection lawsuits. Bank of America actively sues customers who can’t pay their debts.

The bank often works with FIA Card Services, its main debt collection arm. You might see either name on your lawsuit documents.

Bank of America is one of the biggest credit card issuers worldwide. They offer 23 different credit card options and many branded partnerships.

When you default on a Bank of America account, they will take legal action. You need to respond quickly and strategically.

How to Fight a Bank of America Lawsuit

You can settle your case at any stage of the lawsuit. our partner Solo helps you fight back and negotiate effectively.

Follow these three critical steps:

Step 1: File a Written Answer

Read Bank of America’s entire Complaint carefully. Compare their claims with your own records and note any discrepancies.

File an Answer even if you plan to settle before court. Your Answer should respond to each claim by admitting or denying it.

Most attorneys recommend a general denial strategy. Deny everything unless you have proof it’s accurate.

Filing an Answer prevents a default judgment against you. You buy yourself time to negotiate better terms.

Step 2: Make a Settlement Offer

Bank of America typically settles for 30-40% of the original debt. Start your first offer around 60% of the total lawsuit amount.

Calculate what you can realistically afford to pay. Know your financial limits before entering negotiations.

our partner Solo makes settlement negotiations simple and efficient. The platform sends and receives offers automatically.

A Bank of America employee reviews each offer you submit. Several rounds of negotiation might be necessary to reach agreement.

Step 3: Get Everything in Writing

Demand a written settlement agreement before paying anything. Review all terms carefully, especially payment deadlines.

Ask Bank of America to report your account as settled to credit bureaus. Getting this in writing protects your credit report.

Make all payments exactly as agreed in your settlement contract. Missing a payment could void your entire agreement.

Once you pay the settlement amount, Bank of America must dismiss the lawsuit. Keep all documentation for your records.

Protect Your Business and Personal Finances

CashPro is a powerful tool for managing business cash flow. But it won’t help you resolve existing debt problems.

Bank of America takes debt collection seriously. They file lawsuits regularly against customers who fall behind.

You have options when facing a Bank of America lawsuit. Responding quickly gives you leverage to negotiate better settlement terms.

Don’t ignore court documents from Bank of America or FIA Card Services. Every day you wait weakens your negotiating position.

Frequently Asked Questions

What is Bank of America CashPro used for?

CashPro is a digital platform for businesses to manage cash flow, payments, receipts, and financial transactions. It provides a centralized view of all business accounts and connects via desktop, mobile apps, APIs, and file transfers.

Can Bank of America sue me for unpaid debt?

Yes, Bank of America actively sues customers who fall behind on credit card payments or other debts. They often work with FIA Card Services, their debt collection arm, to pursue legal action against delinquent accounts.

How do I settle a Bank of America lawsuit?

First, file a written Answer to the lawsuit to avoid default judgment. Then make a settlement offer, typically starting around 60% of the debt amount. Finally, get the settlement agreement in writing before making any payments.

What percentage will Bank of America settle for?

Bank of America typically settles debt lawsuits for 30-40% of the original amount owed. Your first offer should be around 60% of the total, leaving room for negotiation to reach a final agreement.

How does CashPro help with debt problems?

CashPro does not help with outstanding debt problems. The platform is designed for managing active business finances and cash flow, not for resolving delinquent accounts or negotiating debt settlements.

What is Bank of America CashPro? (And What If You Get Sued?)