http://www.creditinfocenter.com/wordpress/2008/05/07/see-it-can-be-done-consumer-settles-with-chase-and-mbna-for-25-35/ For the Up To Date News Tue, 07 Feb 2012 22:26:40 +0000 hourly 1 http://wordpress.org/?v= http://www.creditinfocenter.com/wordpress/2008/05/07/see-it-can-be-done-consumer-settles-with-chase-and-mbna-for-25-35/comment-page-1/#comment-388 Candyce Angus Mon, 23 Jun 2008 09:47:47 +0000 http://www.creditinfocenter.com/wordpress/2008/05/07/see-it-can-be-done-consumer-settles-with-chase-and-mbna-for-25-35/#comment-388 Funny how things transpire differently. Perhaps it depends on the amounts owed. AMEX settled with me (I have an attorney) for 25% on approx $15k. Chase does not want to settle for less than 50% on the amount owed of $25k. I have only Chase and Bank of America left. I am just another person who had problems over the past 5 years and incurred substantial debt. I want to have a chance to start over - so I depleted my retirement account to negotiate with my credit card companies. I know it is said that dipping into retirement accounts to do this is a bad idea - I did it anyway. Good luck to anyone trying to get a fresh start. Funny how things transpire differently. Perhaps it depends on the amounts owed. AMEX settled with me (I have an attorney) for 25% on approx $15k. Chase does not want to settle for less than 50% on the amount owed of $25k. I have only Chase and Bank of America left. I am just another person who had problems over the past 5 years and incurred substantial debt. I want to have a chance to start over – so I depleted my retirement account to negotiate with my credit card companies. I know it is said that dipping into retirement accounts to do this is a bad idea – I did it anyway. Good luck to anyone trying to get a fresh start.

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