Collection firm "Legal firm"

Does chase still own the account??? Is the law office working third party? Or has it been sold to a junk debt buyer.

Are you sure the name of the CA is 'legal firm'? I have never heard about them. I think you should contact Chase and ask them about the debt. As soaplady pointed out, it might be an old junk debt buyer. It's better to validate the debnt before going for any settlement with this CA.

it is Weltman, Weinberg & Reis, the reason I put "legal firm" is their letter keeps making sure we dont forget they are a legal firm, I think its to scares us. I believe it is junk debt, because Chase charged it off. I just want to make sure we are not setting ourselves up for them to harras us more. And really dont want to be sued. we just want to make an offer to settle but it has to be payments. UGH

Thank you,

Charge off by no means if has been sold. All bad debts are charged off...it is an accounting term.

Have your received a letter from them? Does it say if they are collecting for Chase or someone else?

DVing an account that is being worked third party (i.e. chase still owns) can often mean a fast trip to court and being sued quicker.

Settlements are not done as payments. Settlements by definition is an account being paid off in a lump sum for less than the amount owed. Some creditors will allow 3 months of payments. Anything more is a payment plan.

well, from what you are saying, if I DV them then I am in trouble? their letter states Re: equable ascent financial LLC, Origianl Creditor Chase Bank. I originally send equable ascent a DV letter and instead of hearing back from them I got a letter from WWR. So we dont know what to do from here,

Sounds like it's a JDB. I would send WWR a DV letter.

when you say JDB do you mean we should expect to be sured no matter what , or that I can send them a offer of payment letter once they prove the amount.
Please forgive my nervousness

JDB = junk debt buyer. JDBs are rarely able to provide proper validation.

ok, I will follow through with DV and then see where it goes from , there. I just want to pay what is really owed and move on

Update: Well I have confirmation they have received my DV letter... SO now I get to find out if I made them mad.... UGH

I have a question I hope someone can answer. How long does it take for these companies start the legal process and get a court date? I am just trying to figure out how much time i have to save as much money as I can.

You would have to do some researh on that particular law firm....everyone is different and there is no fast and firm rule as to who sues and when. A lot depends on the size of the debt and your credit....they will look to sue those who have assets and appear to have cash..ie paying bills and credit cards on time, large mortgage/car paymnet.

Well, lost the house to foreclouser, and behind on all credit cards right now, credit is shot for a while.