Credit card debt with Chase and Capital One
If you feel you will have the funds to settle at 50% or less (yo
If you feel you will have the funds to settle at 50% or less (you can generally negotiate 35ish%) then I would stop paying them anything and put aside as much money as you can. Start negotiating settlement and be done with it. If you're concerned about your credit rating, a hardship plan might be a better option. Generally, your account is closed and stays closed when you're put on the hardship plan.
Chase has settled recently with me at .20 on the dollar for lump
Chase has settled recently with me at .20 on the dollar for lump sum payment which was through the CA. Capital One, as you will see see from many threads here will settle lump sum for 50% but not less. They are willing to do some short payment plan, maybe 3-6 months but it will cost slightly more money.
With Chase the offer really seems good, but with Capital One it
With Chase the offer really seems good, but with Capital One it seems they'd only go for a settlement worth 50% or more. In the end, what really matters is how things are gonnabe in your credit report. It's worth going for a repayment plan if your creditor ultimately agrees to report it as "Paid in full".
Do any of you have the contact number for the correct department
Do any of you have the contact number for the correct department at Capital One? I'm desperate to find it and the regular customer service people say they don't have it... whatever! Please help!
I don't have the contact
I don't have the contact number either but I am positive that for past due accounts it should be the Collections Department that you should be calling. Just tell the customer service representative to connect you with this department and you should be routed to the right team. If this doesn't work, ask for a supervisor to help you out. I' m hoping that everything goes well for you though.