chase settlement vs bringing current
Date: Thu, 08/12/2010 - 06:49
several months Is that true I though they would only settle if it
was delinquent? What should I do?
was delinquent They
Quote:Originally Posted by cindy haugerchase wants me to bring m
Quote:
Originally Posted by cindy hauger chase wants me to bring my debt currant. They keep telling me my debt is not eligable for settlement. but If I bring it currant they may settle in several months Is that true I though they would only settle if it was delinquent? What should I do? was delinquent They |
The operative word here is MAY. They don't say they will. Let it go further in default and they may make an offer. They want you to bring it current, and if it's current, there's no reason to settle.
Does not sound right at all. If you bring current there would be
Does not sound right at all. If you bring current there would be no reason for them to offer settlement.
You are probably speaking to a Rep who want's to be the hero and get you to pay.
It's actually the opposite, the longer you are behind the bette
It's actually the opposite, the longer you are behind the better the settlement you'll get. When we were behind on our chase cc, by a month or two the best they offered us was about 75%. A month or two later 50%. In the end we settled for 30% at about 4-5 months behind.
I just kept telling them I couldn't afford payments and the only reason I could do a settlement was I had a family member who would lend me the money only for a settlement, to explain why I couldn't afford a payment, but could afford a settlement. Keep a good log of your conversations, date, time, who you talked to, details etc. In the meantime, try to pile up cash. Chase will do 30% in a onetime lump sum payment. The closer you get to 180 days (chargeoff date) past due the better the offers. Good luck
Chase will also do 30% in 3 payments they did for us. how many
Chase will also do 30% in 3 payments they did for us.
how many days past due are you?
Quote:Originally Posted by cindy haugerchase wants me to bring m
Quote:
Originally Posted by cindy hauger chase wants me to bring my debt currant. They keep telling me my debt is not eligable for settlement. but If I bring it currant they may settle in several months Is that true I though they would only settle if it was delinquent? What should I do? was delinquent They |
The next time you call them, try to speak to a supervisor. Tell him about your financial position and that you can only go for a settlement. The longer your account remain delinquent, the better are your chances to get a good settlement offer. Stick to your offer.
Quote:Originally Posted by Jill AdamsChase will also do 30% in 3
Quote:
Originally Posted by Jill Adams Chase will also do 30% in 3 payments they did for us. how many days past due are you? |
I believe no payments made since Dec of 09 My Husbands business We had too close not making any money Have already settled with BOA Discover, Cabellas PNC chase and C One will not settle every time they call we tell them close business sold inventory want to settle Should I offer them and amount Chase 15370.65 Capital one personal last bill June 17549.78 Cap One business 17298.67
First I would ask Chase how many days late you are, they will te
First I would ask Chase how many days late you are, they will tell you. If you are less than 180 then you still have time. If you are more than, I am not sure when they charge off most charge off at 180 days.