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Chase Settlement Letter- feedback needed

Date: Mon, 11/16/2009 - 15:04

Submitted by neveragain09
on Mon, 11/16/2009 - 15:04

Posts: 39 Credits: [Donate]

Total Replies: 2


Hi Everyone- I'm excited that I was able to settle 2 of my 3 Chase accounts yesterday and I got faxed settlement letters for both today. I just want to make sure that the verbage used won't screw me over.

It says "we will report your account to the national credit bureaus as "settled" with no balance due. Is that good enough to ensure that they don't sell off the remaining balance to a third party collector?

Any input is appreciated- thanks!