combining settlements
Date: Wed, 12/29/2010 - 14:55
If I am going to pursue settlement, what are the chances they will settle all of them together in one lump sum settlement? Or am I going to haggle on each one separately?
I'm employed with a healthy salary, but wife is not. Will that make a difference? (ie: easier to settle hers separately due to no income).
If you have a shot at getting them all combined into one structu
If you have a shot at getting them all combined into one structured settlement it will be by reaching agreeable terms directly with Chase prior to the accounts being charged off. Once Chase charges the accounts off it is a near certainty that the accounts will be placed at different agencies.
Calculate the combined balances of the four accounts.
Whats the total?
What amount of money can you come up with in 6 months to fund settlements?
The first stage of collection and your opportunities for balance reduction will not generally be affected by your wife's employment situation. If she is still not working when/if you hit second stage collection, that fact may help optimize the settlement results.
Best of Success!
Mileage may vary
To the above poster. Why not register and join, your advice is a
To the above poster. Why not register and join, your advice is appreciated and you can earn $$, each post you make accumulates points. :)
Thanks for the invite Shaz. I am registered, but I tend to post
Thanks for the invite Shaz.
I am registered, but I tend to post anonymously over the years I have participated here.
We had three Chase accounts. On two, they bundled them and settl
We had three Chase accounts. On two, they bundled them and settled for 50%. On the third, they refused to budge and wouldn't even talk about taking a settlement forever. They wanted about 80% forever. Finally they agreed and we settled on it (one of the last two of nine we had) and we settled it for about 55% just to be finally finished with it all.
I think it makes a difference on who you deal with.
