Chase recovery unit?
Date: Mon, 05/03/2010 - 19:30
What is a recovery unit?
Chase charged off 3 days ago, now it's in recovery unit what ever that is?Am I going to be sued by chase?
Chase charged off 3 days ago, now it's in recovery unit what ever that is?Am I going to be sued by chase?
Did you try to settle with them prior to the charge off? The go
Did you try to settle with them prior to the charge off? The good news is now that it has charged off maybe you can get a good settlement from that unit or they may sell it to a collection agency that will settle with you.
Just because it went to the recovery unit doesn't mean that you are definately getting sued. Keep trying to settle with them if you have the money.
Quote:Originally Posted by sunkistWhat is a recovery unit? Chas
Quote:
Originally Posted by sunkist What is a recovery unit? Chase charged off 3 days ago, now it's in recovery unit what ever that is?Am I going to be sued by chase? |
It may be Chase's in-house collection department. Try and negotiate a settlement with them.
Chase is one of the aggressive lenders and is prompt at suing, but that doesn't necessarily mean that they would. Communication would be your key. Don't avoid their calls.
Quote:Originally Posted by Debt Free to BeDid you try to settle
Quote:
Originally Posted by Debt Free to Be Did you try to settle with them prior to the charge off? The good news is now that it has charged off maybe you can get a good settlement from that unit or they may sell it to a collection agency that will settle with you. Just because it went to the recovery unit doesn't mean that you are definately getting sued. Keep trying to settle with them if you have the money. |
Yes, I tried to settle all they say is I do not quailfy. I called them 2-3 times a month for 7 months
Let them charge off and you can get better deal with collection
Let them charge off and you can get better deal with collection agency.
Quote:Originally Posted by OZZIE69Let them charge off and you ca
Quote:
Originally Posted by OZZIE69 Let them charge off and you can get better deal with collection agency. |
Recovery unit finally offered 80% then went to 55% on 17k they say that is there base min they can offer, I told them I will see if I can get more money then the 5,000 that I offered before, that they refused cause I don't quailfy for a settlement. They say they have turned down my 30% offer too many times, to take it now.
My worry is they might sue me and won't send it to a CA