Chse settlement letter - is this ok?
Date: Mon, 05/10/2010 - 08:13
One sentence states that : As part of our settlement agreement, we will stop all efforts to collect.
Is this good enough? Has anyone else settled with that wording, and is it typical for a chse settlement? If so how does it appear on your credit report once settled, since the letter doesn't specify?
Is this good enough? Has anyone else settled with that wording, and is it typical for a chse settlement? If so how does it appear on your credit report once settled, since the letter doesn't specify?
I have settled 6 chase accounts and they all have that wording.
I have settled 6 chase accounts and they all have that wording. Once you have completed the terms, and usually within a month or so from the last payment, they send out a final letter saying it will be reported as "settled".
That's all it says and I haven't looked at my actual CR to see what it says...Lastly, I expect to get 1099'd for the discharged/forgiven amount...
That is the same letter wording I received from NCO/Chase and my
That is the same letter wording I received from NCO/Chase and my credit report does now reflect a zero balance.
Thanks, I don't remember anyone mentioning that wording, it was
Thanks, I don't remember anyone mentioning that wording, it was usually 'settled as agreed' or similar. But if that's what others are getting, then good enough.