Have you been asked for...

Date: Mon, 03/22/2010 - 15:49

Submitted by Merecent
on Mon, 03/22/2010 - 15:49

Posts: 5 Credits: [Donate]

Total Replies: 2

Just settled with AmEx this past week for 35%. When visiting with Chase today advising them of our settlement with the company mentioned above, Chase is now asking to see a current statement from Am-ex and a copy of the original settlement letter. Have you been asked for one or the other or both? Will this help or hurt my settlement process with the other 4 major credit card companies? Chase, Citi, B of A and Advanta.

I would not provide them with anything. It's none of their busi

I would not provide them with anything. It's none of their business if you have settled with other cards unless they want to be the last man standing. Meaning once you have settled with the others then you would have the income to pay the in full through payments at the very least.

If they really want to know they have the right to pull your credit at any time. They can wait until Amex reports the settlement and see it on the credit report.

Now I am far far from an expert in this settlement thing, maybe someone with more experience will chime in.

lrhall41

Submitted by on Mon, 03/22/2010 - 19:24

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I agree. I wouldn't send them anything; just ask them to check

I agree. I wouldn't send them anything; just ask them to check your credit report. They're probably figuring that if you settled all your other credit cards that you'd now be able to pay them what you owe them, or work out a repayment plan instead of settle. Believe me, they do not have your best interests in mind.

lrhall41

Submitted by aubrey on Tue, 03/23/2010 - 06:30

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