Chase litigation - New Jersey

There is no such thing as "pre litigation"....it is like being pregnant...you either are or you are not. It is a term that means nothing. Chase can potentially sue on any and all accounts.

Thanks for the reply...I'm curious if anyone has been sued so early.

They are likley just trying to scare you. Don't call them. Wait for offers to come in by mail.

Hey all. Coming to 150 days and no deals better than 50% with Chase. I was given the number of the local instate attorney to discuss. Has anyone actually been sued by Chase before 180 days? Any experience settling with the attorneys? Do I have to give out any extra information like employer or income?

Sweating it out.

Thanks

Hey, Yup been there done that. Our first settlement actually came a bit quicker than we expected. IIRC, day 60ish Chase threatened to sue and said although we're not supposed to do this, they threw out the name of an attorneys office they said it would go to. Day 65ish, got a letter from the local firm approx 10 miles or so up the street...I googled the firm and they were/are nuts, they had 26 pending federal lawsuits and alot of crazy stories as well. I thought what did I get us into? We called them and made our 1 and only offer, balance approx 9200, offer 2750 lump, they atty balked and siad that would be a good start for a 1st payment, we held firm, atty said it's too low and Chase would never accept that, we countered with are you refusing to present our offer to your client? It was presented the following day and Chase accepted. So yes you can resolve with a local firm, but yes they will want to get into your personal info, They probably have looked at your credit report as well, If they know you're working and getting a paycheck as opposed to self employed I believe they're more likely to sue. We didn't tell them much and were vague, out of $ and also pulled the BR card...Depending on your balance and if you really get the impression their gonna sue you electing arbitration would stop the lawsuit...best regards

did you have to give any details about where you worked or details on your income?

OK just settleed my wife's Chase account, just past 150 days, for 35%. Seemed to go very easy. They started at 60% and then dropped when I countered. Wonder why that one went so easy and mine has been struggling.

Update - settled my 2 Chase accounts for 50%. Not what I wanted, but they wouldn't take the 40% offer and I wasn't taking the chance of going to court.

Congratulations!! 50% is better than 100%!