debt settlement call back?
Date: Mon, 09/08/2008 - 08:11
If it's been more than 3 days and you haven't heard from them ye
If it's been more than 3 days and you haven't heard from them yet, I would call them back.
( Posts: 1129 | Credits: )
Really? OK, thanks! I was hoping they called me because I am a
Really? OK, thanks! I was hoping they called me because I am a bit scared to call them back. Should I be aggressive and say that I have limited funds and if they don't settle I will move on to my next credit card?
I think that is a fair statement. If they won't settle, then mo
I think that is a fair statement. If they won't settle, then move on to the next creditor.
( Posts: 1129 | Credits: )
if you cant afford to pay then you might have to file bankruptcy
if you cant afford to pay then you might have to file bankruptcy, but before that look at debt settlement first which is something you can do yourself.
Listen, Chase will settle. they will settle at amazing low p
Listen,
Chase will settle. they will settle at amazing low percentages, and on the higher percentages they will aloow you at least four monthly installments to pay your settlement. Do not be afraid to call them, the best time to settle with Chase is when you are about 5 months behind on your bill. If you do not settle with Chase chances are your account will be referred for collection to Mann Bracken llc.
So save your money and settle around the 5th month of delinquency!
they called back! no good!!!!!!!!!!
OK, so they did call back and they say that 1. they refuse to accept anything less than 56% of my total debt with them and 2. they WILL NOT and claim that they never do send out a settlement letter before receivng the settled amount agreed upon. They claim that they send them out AFTER they receive their payment! I don't know what to do! Do I move on to another card? They won't settle for less than 65% and that is too much for me! Please help!!!!!!!!!!!!!!!!!
reply
good point jedi,wait till the 5th month of deliquency.then try to settle.had friends who dealt with chase too.same thing around the fifth month they got real interested and real generous with there settlement offer.
Posted this in the other thread by OP. Part of the offer they
Posted this in the other thread by OP.
Part of the offer they are giving is based on how delinquent your account is. If it is only 1 month late then they will not take a 30% settlement. It would not hurt to negotiate with a couple cards at a time. You can play it to your advantage by playing one against the other. Let them compete for your settlement money. Do not send any money until you have an agreement in writing. Do not agree to a settlement for more than the cash you have on hand. Do not agree to 2 settlements if you only have enough cash for one. For example, if you only have 2k which happens to be 30% of the debt then don't agree to settle for 3k because you don't have it. Do not give them electronic access to your bank account. Do not pay with a personal check or a personal post dated check.
You might consider giving chase one more shot and telling them you have x amount of dollars as settled in full and that is all you have today to offer them. If they do not accept then tell them you will make the same offer to another creditor. I would spend 5 minutes max on the phone with them. You do not need to put up with 15 minutes of additional abuse. If they even think about being abusive on the phone then hang up. You don't need the additional stress. Remember time is on your side. There is no reason you have to settle today. I would give them a figure and say that is my offer period. You can accept it today or in 6 months but it is still going to be the same amount.
Quote: OK, so they did call back and they say that 1. they refu
Quote:
OK, so they did call back and they say that 1. they refuse to accept anything less than 56% of my total debt with them and 2. they WILL NOT and claim that they never do send out a settlement letter before receivng the settled amount agreed upon. They claim that they send them out AFTER they receive their payment! I don't know what to do! Do I move on to another card? They won't settle for less than 65% and that is too much for me! Please help!!!!!!!!!!!!!!!!! |
I have never personally settled with chase but I never settle without it in writing first. Also if 65% is more than you can afford or more than you are willing to accept then move on to another creditor. Do not bother getting an offer in writing that you can't pay.
OK, thank you for this advice. I will call them back today and
OK, thank you for this advice. I will call them back today and will keep you posted! If not, I will move on to another card, I truly appreciate all the adivce posted in this forum!
OK, thank you for this advice. I will call them back today and
OK, thank you for this advice. I will call them back today and will keep you posted! If not, I will move on to another card, I truly appreciate all the adivce posted in this forum!
OK, thank you for this advice. I will call them back today and
OK, thank you for this advice. I will call them back today and will keep you posted! If not, I will move on to another card, I truly appreciate all the adivce posted in this forum!
OK, thank you for this advice. I will call them back today and
OK, thank you for this advice. I will call them back today and will keep you posted! If not, I will move on to another card, I truly appreciate all the adivce posted in this forum!
OK, thank you for this advice. I will call them back today and
OK, thank you for this advice. I will call them back today and will keep you posted! If not, I will move on to another card, I truly appreciate all the adivce posted in this forum!