Chase on verge of lawsuit help!
Date: Fri, 09/03/2010 - 08:09
Hello,
I am almost 7 months late with Chase on $25k in CC debt. I've offered them $7500 for a few weeks and explained my financial situation. My settlement money is coming from a family member which I am obviously thankful for!
Chase is not willing to take a settlement saying that I don't qualify. I've received the litigation letter saying if I don't pay in full they will sue and garnish my wages. They already know how much I make and understand that I have no disposable income available each month. I also don't own anything for them to take.
Has anyone received the same threats and still found a way to negotiate a settlement? Or did Chase just let the date go by and sue?
Any help is appreciated!
Thx
I am almost 7 months late with Chase on $25k in CC debt. I've offered them $7500 for a few weeks and explained my financial situation. My settlement money is coming from a family member which I am obviously thankful for!
Chase is not willing to take a settlement saying that I don't qualify. I've received the litigation letter saying if I don't pay in full they will sue and garnish my wages. They already know how much I make and understand that I have no disposable income available each month. I also don't own anything for them to take.
Has anyone received the same threats and still found a way to negotiate a settlement? Or did Chase just let the date go by and sue?
Any help is appreciated!
Thx
http://www.creditinfocenter.com/rebuild/debt_validation.shtml
http://www.creditinfocenter.com/rebuild/debt_validation.shtml
Try reading this, maybe it will help
Validating debt won't help since they are original creditor. Wh
Validating debt won't help since they are original creditor. Why do they say you don't qualify for setttlement? Seems odd.
You could send a letter electing arbitration. This would take it out of the court house.
If they do sue, you should have an opportunity to settle before the court date.
