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Chase settled Wahoo!!!

Submitted by maggie22 on Sat, 02/20/2010 - 10:09
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Just settled last 2 Chase accounts, total Bal 23K settled at .196%....:D


Maggie so happy for you! I have $24,000. with Citibank and hope I can settle soon. Had cancer and TG I will live but can not longer work. Hoping in March they will make me a offer since I shall be around 180 days. Looks like Chase is more eager to settle. I had my debt with chase but transfer to cititbank awhile back to get a better interest rate.
Crazy thing I help my neighbor with his letters etc to chase since he a older man and was having a lot of health problems too. Now he's done and can relax. Hope my turn will come soon!


Submitted by on Sun, 02/21/2010 - 15:26

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Quote:

Originally Posted by maggie22
Just settled last 2 Chase accounts, total Bal 23K settled at .196%....:D


Maggie, that's great. I love to hear about settlements :) Great job on your patience and persistence!


Submitted by debtmanagementguys on Tue, 02/23/2010 - 08:26

debtmanagementguys

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Our offer stayed the same through the entire process. They threw all kinds of verbal hurdles in the way: "Not eligible for settlement, no way we can go that low, this account should be send to litigation, you're just trying to pay as little as possible etc...It doesn't make sense to offer more than you can come up with when you're trying to settle multiple cards, you run the risk of running out completely. Keep in mind the better settlements help pay off the smaller accounts with the savings...


Submitted by maggie22 on Wed, 03/03/2010 - 06:30

maggie22

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Quote:

Originally Posted by maggie22
It was direct with Chase, right around 180 days...Started with a % 15 and stuck with that...They actually will try to make it work when you're closer to charge off, especially at or near the end of the month...


Congrats on your settlement with Chase, great job. How late were you when they started making settlement offers? I've read where some ppl get offers at 30 days late; while others don't get any until 120+ with the best offers coming right before charge off.


Submitted by on Thu, 03/04/2010 - 13:35

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