Chase Settlement!!!!
Date: Thu, 02/25/2010 - 13:55
Thanks for strong support. I learn a lot reading forum and finally I decided to go with settlement. Today I accepted Chase settlement on my 3 cards with 40% with 3 payments
1) Chase - 3 Cards total $19800 (Chase offered 90%, 85%, 70%, 40%)
Days Late - 90
2) Citi - card 1 - total 4400 (Not settled. Offer 65%, Days late 89)
3) Citi card 2 total 4500 (Not setteld offer 85% days late 51)
4) BOA - 5500 (not offer yet Days late 75)
Questions: How long I have to wait for good offer from CITI and BOA. I call BOA and mention about my situation and told them I will try to come up with some payment but BOA rep say OK and hang up. Citi so far nice and told me to wait more for good settlement offer.
Let me know about CITI and BOA offer.
Thanks,
Nice Job, feels good getting them done!!:D but you gotta wait a
Nice Job, feels good getting them done!!:D but you gotta wait a bit for the best deals...I just settled with Chase last Saturday 2 cards balance was 23,000, settled for 4,500 or 19.6%...approx 175 days...You are paying $7,920...Still a great deal, but if you leave a lot of money on the table it can make it harder to settle the others unless of course you have the funds...
Quote:Originally Posted by AnonymousHi All, Thanks for strong s
Quote:
Originally Posted by Anonymous Hi All, Thanks for strong support. I learn a lot reading forum and finally I decided to go with settlement. Today I accepted Chase settlement on my 3 cards with 40% with 3 payments 1) Chase - 3 Cards total $19800 (Chase offered 90%, 85%, 70%, 40%) Days Late - 90 2) Citi - card 1 - total 4400 (Not settled. Offer 65%, Days late 89) 3) Citi card 2 total 4500 (Not setteld offer 85% days late 51) 4) BOA - 5500 (not offer yet Days late 75) Questions: How long I have to wait for good offer from CITI and BOA. I call BOA and mention about my situation and told them I will try to come up with some payment but BOA rep say OK and hang up. Citi so far nice and told me to wait more for good settlement offer. Let me know about CITI and BOA offer. Thanks, |
you are off to a good start, biggest chunk gone and just the smaller debts left, good job
aka
btw way dont let anyone frown upon you for settling your debt, its a good thing in the end
Hi Maggie, They told me if you don't settle your acct. than t
Hi Maggie,
They told me if you don't settle your acct. than tomorrow your acct will go in legal dept. I thought this my big acct and If I don't react than I will be in problem. Also I have a car loan, student loan and my two mortgages with Chase.
Anyway next time I will makesure and not to run for settlement offer until it is good offer. Let me know how long I have to wait for CITI and BOA offer? I learn CITI never goes below 40% but BOA goes upto 20% after 180 days.
Rightnow I'm
90 days late in 1 citi card. (offer 65% from CITI)
51 days late in 2nd card.(offer 85% from CITI)
60 days late in BOA card (still no offer??)
BTW thanks for response.