Next Step
Date: Sat, 02/07/2009 - 06:27
I am currently dealing with Chase Bank. So far, everything has been by email. They raised my minimum payment to 5% and added the $10 monthly fee (like they have to so many other people). I told them I could not make the payment. They povided three options 1) the refi for 7.99% for 24 months then increase APR 2) keep the high min payment with current APR or 3) close and pay in full. I told them none of the options were acceptable. I emailed an offer for a one-time buy-out of $7700 on a $22000 debt. They just emailed me back saying they need to talk to me live. What can I expect now? What are my next steps?
Craig
Craig
I haven't dealt with Chase Bank personally. But there are many t
I haven't dealt with Chase Bank personally. But there are many threads in this forum dealing with Chase bank and settlement. While settling with Chase, you may expect a 50 to 60% reduction in your original debt. Here's a thread that may be useful to you: -
Chase or Amex Settlement
