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After not making payments since Dec 08, I called Chase and offered to settle the account for 30% after about 30 seconds on hold they countered with $3500 or 32.8%. Needless to say this is a big weight off my shoulders, and I'm happy I came across this forum. I little research saved me thousands. I'm glad to say Im back on track with my financial obligations.

Way to go. Congrats to you.

Sub: #1 posted on Wed, 07/15/2009 - 17:41

tricia48 tricia48

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Sub: #2 posted on Wed, 07/22/2009 - 13:00

bea2ls bea2ls
(Posts: 3840 | Credits: )

Congrats to you!!

Sub: #3 posted on Wed, 07/22/2009 - 13:19

Shazzers Shazzers
Moderators Cum Industry Expert
(Posts: 17345 | Credits: )

hello how did you do this?

Sub: #4 posted on Tue, 10/20/2009 - 06:54


sounds like the OP just called them asked if they would take a settlement. Pretty common nowadays. Only thing you have to be aware of it that you will more than likely be 1099'd and have to pay taxes on the settled portion.

Sub: #5 posted on Tue, 10/20/2009 - 08:05

Moderators Cum Industry Expert
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Congrats! I'm about to settle with Chase on a deficiency balance owed from a car repo. I'm going to try to get the amount as low as I can. I felt I was pretty screwed over by the price they got for my car. It was a 2003 Monte Carlo with absolutely nothing wrong with it, and they said they only got $1800 for it.

Which left me owing about $4,000. Hopefully they will settle for 30%. That will make the money I'm getting to settle my debts stretch a bit further!

Sub: #6 posted on Tue, 10/20/2009 - 09:15

anc526 anc526

(Posts: 192 | Credits: )

:DThat's awesome! I was able to settle my Chase business credit card for 35%. It was nerve wrecking for me too when it came down to the wire on my debt settlement negotiations.

Signature removed per TOS - ND

Sub: #7 posted on Sat, 10/24/2009 - 10:16

Don Draper Don Draper

(Posts: 2 | Credits: )

johnddd- just be sure that everything is in writing before you pay them the settled amount.

Sub: #8 posted on Fri, 10/30/2009 - 10:38

bea2ls bea2ls
(Posts: 3840 | Credits: )

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