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Posted: Fri Jun 06, 2008 11:07 am Subject: Chase lawsuit already????????

Chase credit card is less than 60 days past due, approximately $9000. I just received a phone call saying that the account has been moved to their pre-litigation department. Normally it stays there for 35 days, but I can get extensions for up to 4 months (I think). They say that after that if the account has not been brought current, it will move to the litigation department and they will file suit. Then if they win the judgment, our property could be liened and wages attached, etc. I can't bring the account current, and even if I could, I wouldn't be able to keep the account current. Is Chase normally this aggressive? Does anyone have any suggestions about avoiding a lawsuit? We are trying to avoid BK, but we will do it if we have to. We won't let our property be liened or wages garnished. I live in California. Thanks for any advice!

Posted: Fri Jun 06, 2008 12:07 pm Subject:

Be sure to mention to CHASE that you have already spoken with a Bankruptcy attorney and that if they are unwilling to work with you some sort of settlement or payment arrangement you will be forced to file bankruptcy and then they will get nothing. These stupid collectors will try and say anything to collect money. I wouldn`t file bankruptcy until they actually serve you papers. 99 out of 100 times they are bluffing. I hope this helps Very Happy

Posted: Fri Jun 06, 2008 12:17 pm Subject:

Thanks, mobile! I did tell them that I don't have the funds to bring the account current, and that if they file suit, we will be forced to file BK, even though we are trying to avoid it. Her response was "if you have to file BK, that is a decision that you'll have to make." My response was "if you have to file suit go ahead." Nevertheless, I'm still hoping that we can avoid going that route, at least this early in the game.

Posted: Fri Jun 06, 2008 12:25 pm Subject:

Here is the thing alias1958 . Bill collectors are paid on commission on what they collect and they will say ANYTHING even if it violates the law so long as they get that commission. They are trying to scare you because they don`t want to charge the account off and sell it to a 3rd party collection agency. Don't sweat it . Stop talking to them and let them do what they are going to do. In the mean time save your money for a potential settlement later down the line or for a bankruptcy lawyer if it comes to that. Good luck and hang in there Very Happy

Posted: Fri Jun 06, 2008 12:32 pm Subject:

Hello Alias, so you were called by in house collections? Have you received anything in the mail from them about taking further action on this account yet? If not, and you simply do not have the funds they are requesting in order to bring this account current, I would wait until you receive something through USPS. Making agreements or negotiating via telephone isn't a wise choice in my opinion, unless of course you are recording it. As I said, if it were me, I would wait until you receive something USPS about further actions being taken, then you will have a paper trail in case you need it in the future for one reason or another. But that's just me! Very Happy

Posted: Fri Jun 06, 2008 12:36 pm Subject: reply

i had chase,i agree with the others.mine too went seriously behind,but i kept getting bills.of course with late fees and charges.until they send you something in the mail about further action i would just try to see what you can do to become somewhat
current.

Posted: Fri Jun 06, 2008 12:46 pm Subject:

Wow! I'm really surprised that they took action that quickly. I am currently negotiating a settlement with them & I am 7 months behind and my balance is $15,825. I agree with mobile0311 and save your money until you receive something in the mail.
Some of these collectors will tell you anything to scare you into giving them your hard earned money. You did the right thing by checking into their tactics first.

Posted: Fri Jun 06, 2008 1:00 pm Subject:

Thanks everyone! I havent' received my mail for today yet, but supposedly something was mailed by them on Tuesday. I will definitely insist that any agreements be in writing, but since they've been calling my house non-stop for the past week, I decided to answer the phone today, hoping that would give me a couple days of peace. Kimberly, was your account ever sent to their in house pre-litigation department? We also have two other accounts with Chase, and up until now everyone that I have dealt with there has been very understanding and kind. Our base income barely covers our mortgages and modest living expenses, but I am trying to save any overtime or other extra income towards future negotiations. It's slow-going though since any little emergency (car repairs, dentist bills, etc.) also takes money out of any fund that I try to build up. If we are going to start encountering lawsuits this soon (we have twenty different accounts, amazing, huh?), then there is no way that we will avoid BK.

Posted: Fri Jun 06, 2008 1:04 pm Subject:

If we are going to start encountering lawsuits this soon (we have twenty different accounts, amazing, huh?), then there is no way that we will avoid BK. I really feel they are bluffing , they almost always wait years before lawsuits. You do have time to save money for settlement. I would bet my life on it Very Happy

Posted: Fri Jun 06, 2008 1:09 pm Subject:

Thanks, Mobile! I do hope you're right! It's great hearing opinions from other people who have been down this road before instead of just listening to the collectors threats!

Posted: Fri Jun 06, 2008 3:15 pm Subject:

alias1958 - no, my account was never sent to pre-litigation dept, just their regular collections dept. Stay positive...you are on the right track.

Posted: Fri Jun 06, 2008 4:00 pm Subject:

When I was a collector I would always get the threat "I'm going to file banko if you don't do what I want" I would laugh and tell them to go ahead and call me with their attny name and number and until then I would be in touch in a couple of days.

With the way the economy is today it wouldn't suprise me one bit if creditors started to sue much earlier in fear that their profits are in jepordy.

Posted: Fri Jun 06, 2008 4:30 pm Subject:

ALIAS DO NOT BE AFRAID.
IF YOU HAVE NOT MONEY TO PAY CHASE.
DO NOT GO TO BANKRUPTCY.
CHASE TOOK ME AND MY HUSBAND TO THE COURT BUT
THEY HAVE TO PAY EVERYTHING AND WAS GREAT!!!
I LOVE THE COURT.
MY HUSBAND CLOSE 3 CREDIT CARDS WITH CHASE AND WHEN HE BECAME DISABILITY BLIND AND MENTALLY ILL THESE CHASE BANK HAVE NOT ANY COMPASSION FOR HIM.
CHASE PEOPLE VANISHED FOR 2 YEARS AND GIVE BACK ALL HIS CHECKS EITHER.ACADEMY COLLECTION HELP CHASE BANK AND TO INCREASE OUR BILL TO 5000,00 TO 11.000 WITH ALL COSTS OF COURT.
BELIEVE ME OR NOT SINCE 2004 WHEN PAPERS WAS SERVED TO COURT IS VERY PEACEFUL HERE.
THEY LOST FRIEND.
IF YOU HAVE NOT A HOME IS BETTER.
IF YOU HAVE AN OLD CAR IS WONDERFUL.
GOOD LUCK ALIAS.

Posted: Fri Jun 06, 2008 4:44 pm Subject:

AFTER THE COURT IN 2004 WAS A PAPER GIVE TO US TELLING ABOUT BOATS,HOMES AND CARS AND
WE PUT 0(ZERO)IN EVERYTHING THERE.
WE WENT TO THE COURT AGAIN WITH THE PAPER BUT A EMPLOYEE IN THE COURT
TOLD US SHE DID NOT NEED THE PAPER AND PLEASE SAID HER:-PUT IN THE GARBAGE PLEASE.
WHAT A WONDERFUL SURPRISE!!!
I PUT IN THE PAPER THE AUDI CAR OF MY HUSBAND THAT WAS IN THE GARAGE BROKEN AND OLD FOR 12 YEARS ALREADY.THEY NEVER CAME FOR HIS
CAR.

Posted: Fri Jun 06, 2008 7:19 pm Subject:

Thanks everyone! We do own a home, but the mortgages on it are for more than it is currently worth. We own vehicles, but the newest one is ten years old. We own an 18 year old RV that's not worth much, though we would still hate to lose it. The biggest issue is that we can't afford to have our wages garnished, so if Chase does decide to file suit, we will be forced to file BK. I guess we'll just have to see what their next move is.

Posted: Fri Jun 06, 2008 7:59 pm Subject:

Also, we have twenty accounts totaling to about $140,000. I can't imagine how any of our creditors think they will end up with anything if we have to file BK.

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