Just settled with CHASE for 32%!

After not making payments since Dec 08, I called Chase and offered to settle the account for 30% after about 30 seconds on hold they countered with $3500 or 32.8%. Needless to say this is a big weight off my shoulders, and I'm happy I came across this forum. I little research saved me thousands. I'm glad to say Im back on track with my financial obligations.

Way to go. Congrats to you.

congrats!

Congrats to you!!

hello how did you do this?

sounds like the OP just called them asked if they would take a settlement. Pretty common nowadays. Only thing you have to be aware of it that you will more than likely be 1099'd and have to pay taxes on the settled portion.

Congrats! I'm about to settle with Chase on a deficiency balance owed from a car repo. I'm going to try to get the amount as low as I can. I felt I was pretty screwed over by the price they got for my car. It was a 2003 Monte Carlo with absolutely nothing wrong with it, and they said they only got $1800 for it.

Which left me owing about $4,000. Hopefully they will settle for 30%. That will make the money I'm getting to settle my debts stretch a bit further!

That's awesome! I was able to settle my Chase business credit card for 35%. It was nerve wrecking for me too when it came down to the wire on my debt settlement negotiations.


Signature removed per TOS - ND

johnddd- just be sure that everything is in writing before you pay them the settled amount.