New Chase Offer

Date: Mon, 11/02/2009 - 04:36

Submitted by anonymous
on Mon, 11/02/2009 - 04:36

Posts: 202330 Credits: [Donate]

Total Replies: 6

So I'm about 3-4 months behind on a few different cards and Friday i spoke with the Chase rep about a deal. They asked about current income (which is down big and why I'm late) and current expenses. She put me on hold and came back with a program that "just came out" last night. I pay 60% of my current balance over 5 years; ZERO intrest or fees. Can pay more or pay off early if I want to and you can miss 1 payment over that time. However, even after getting a manger on the phone, they could not give this to me in writing until the first payment was processed. I said that is absolutely unbeleivable and makes no sense and I would not do anything uless it is in writing first.

I like this plan if I get it in writing as I don't have much of an ability to do a lump sum settlement and I have a few other cards I am going to settle with to by years end. What does everyone think of this 60%, 5year pay off plan? Am i crazy for call bllshit on the manager about getting this in writing before I pay anything?

yes get that in writing with a signature by them before agreeing

yes get that in writing with a signature by them before agreeing to any payment plan.

lrhall41

Submitted by paulmergel on Mon, 11/02/2009 - 06:23

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i second that, you dont want to make a lump sum payment leaving

i second that, you dont want to make a lump sum payment leaving you pennyless for your other settlements for them to go back on thier word or say that conversation never happend. trust me many have learned the hard way about this. Make them send it to you in writing you dont wanna get burned.

lrhall41

Submitted by love_my_things on Mon, 11/02/2009 - 10:59

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Yeah I agree on the getting it in writing part. What are you th

Yeah I agree on the getting it in writing part. What are you thoughts on the actual plan? 5 years, no intrest or fees, 60% settlement.?? Not to bad I'd say. I'm about 110 past due i think. Should I hold off another month or so and say if they make it 45% over same period I could afford it and try to get it lower? Thoughts?

lrhall41

Submitted by on Mon, 11/02/2009 - 13:24

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the offer looks great,but get it in writing first.

lrhall41

Submitted by paulmergel on Mon, 11/02/2009 - 13:28

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Chase offers in writing

I recently settled 3 cards with Chase and they would not give the offers to me in writing until I set up the 1st pmt. I asked and asked and they wouldn't. I settled for 45% of $44k over 3 months and reluctantly agreed without offer in writing. I set up the pmt for a few days after the phone call in the hopes that I would receive the letter before teh 1st pmt, which I did. I figured the worst case was I made the first pmt and they backed out, but lucky for me they didn't. I have all in writing.

lrhall41

Submitted by on Sun, 11/15/2009 - 13:37

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I have a Chase card that is approaching 90 days past due and the

I have a Chase card that is approaching 90 days past due and they have already sent
it to a place called IC systems to collect the debt for Chase, I believe if I do settle with
them I would make the checks payable to Chase, has anyone had this happen with there
Chase accounts, or have you been dealing with Chase directly.

lrhall41

Submitted by on Sun, 11/15/2009 - 16:26

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