Chase Offer Today

How much can you afford? Keep in mind, you generally have 90 days to fulfill your payoff agreement with the first payment being due in 10 days.

To be honest, I can afford about $1600 a month for 3 months. Have other cards to settle as well.

Which is about 31%. I'd counter with 20%. They aren't likely to take it but, it might get the negotiations started.

Thanks, I plan to call them back later today. I will post updates.

Rarely do settlements go much under 30% with Chase. So, I would offer 30% in 3 payments and if they do not take it, continue to offer it until they do so.

I suggested 20, with the hope that they might counter with 30 or 40 and she could either take it or counter again with 30. Good luck to you, stretched. I hope you can get a settlement you can afford. Also, keep in mind the portion of your debt that is written off you will have to claim as income come tax time.

I called back tonight, offered 3 payments of $1400, which is 27%. They countered with 45%.

Counter with 30 and tell them that's as high as you can possibly go.

Stick with the 30% and keep tellng them that's all you have. They might go for it, or you may come to middle ground around 35%. That's what happened with me. I started with 25% and ended up with just a little under 35% in 4 payments. Good luck!

settled with Chase about a week ago for 20%...they wanted 30...told them I only had the 20...they took it!

help!! Are all of you dealing directly with Chase or have you gone thru some kind of debt consolidation company? Any help wud be great. Really in a bind!

I think most here are dealing with Chase on their own. Are you looking to settle? How much do you owe? Are you behind? If so, how far?

Will Chase do a settlement or even talk settelments if a company like Fredrick Hanna is sending letters and calling or threatening to sue?

Hi all,

This is my first posting and need your suggestion...
I owe $18k to discover for about 170 days now and i want to settle with them but they are saying that i don't qualify for settlement since the money was transferred directly to my checking acct 2 yrs ago. They are offering me their hardship program with 0.99% of interest with a monthly payment of $365 and waive the late fee/high interest. They also said that if i don't make decision by the end of this month my acct will be charged off and then goes to the attorney's office to process a judgment against me.

What should i do? Any suggestion will be very helpful.

Thank you..

Any suggestion

I'm not sure what you mean by "the money was transferred directly to my checking account." Did you get a cash advance on your card? Please clarify. Secondly, they can't just process a judgment against you. They would have to sue you and win a judgment in a court of law.

They deposited 18k into my checking acct when I accepted their promotional low % transfer balance in the past. I guess it's kind of cash advance with a low % plus a transaction fee. However, It's really makes no difference whether i used discover cc to purchase merchandise or use their promotional check advance money.

I don't know why this makes any difference to them not to do a settlement.

I just settled with Chase on the phone for 30% on two accounts, 3 payments.

Next I've got to get Discover down from 70% and Macy's Visa down from 70%.