Settled my Chase card at 35% over 4 payments. The balance was about $9800 and it was about 118 days late. I hadn't heard from them in about a month so I called in and asked them if they would be interested in settling that I had sold some stuff and could possibly settle instead of declaring bk. A mere 15 minutes later he had it approved at 35%. Very easy.
The settlement letter is pretty vague but hoping I get a letter at the end of the payments showing 0 balance due as they have stated.
3 down 1 to go. Capital One is being icky on my last card. I told them I was declaring bk and gave them attorney information which moves it to the bk department. I'm hoping in a month I'll be able to negotiate with that unit. Wish me luck!
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