Chase done at 30%
Date: Tue, 12/06/2011 - 12:54
Chase just called, I settled 2 accounts with them. Both closed accounts with a $5600 bal on each for 30% on each over 4 payments in 93 days. These accounts were only 119 and 109 days from "last payment" or 89 and 79 days late.
I offered them 20% last week and they countered with 55%. When they called today, they mentioned the offer from last week, I tried my hardest for 25%, but was only able to get to 30% with them. The light is getting a "little" brighter at the end of the tunnel.:)
My Cap 1 is SLOWLY softening up. It is with their hardship/recovery dept, the card charged off in Oct 2011 and they say it will be with them for 6 months from charge off. I was sure it would have gone to a CA by now, but when asking another question, the rep said they have changed the way the approach settlements over the past few months. They have gone from principal only before CO, to 75% and down to 70% today. They will have to wait, I have three others that would be affected if I go above 50% with them.
I offered them 20% last week and they countered with 55%. When they called today, they mentioned the offer from last week, I tried my hardest for 25%, but was only able to get to 30% with them. The light is getting a "little" brighter at the end of the tunnel.:)
My Cap 1 is SLOWLY softening up. It is with their hardship/recovery dept, the card charged off in Oct 2011 and they say it will be with them for 6 months from charge off. I was sure it would have gone to a CA by now, but when asking another question, the rep said they have changed the way the approach settlements over the past few months. They have gone from principal only before CO, to 75% and down to 70% today. They will have to wait, I have three others that would be affected if I go above 50% with them.
Congrats for settling 2 accounts. I hope you are able to settle
Congrats for settling 2 accounts. I hope you are able to settle the other accounts successfully.
