BackedIn

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  1. Received 2 letters for 2 different Chase accounts that are a year past Charge Off offering a settlement. Their exact verbage... "We want to work with you to resolve your deliquent account, so we'd like to offer you a settlement. Your current account balance is $3200, however we'll accept payment of $320 to settle the account and stop further collection activities. You'll save $2900. You can accept this offer until 4/1/17." The 2nd letter stated the same with the balance for that account and the respective offer of 10% of balance to settle. Does this mean they
  2. The U.S. Supreme Court on Tuesday agreed to decide whether people who have filed for bankruptcy can sue companies that attempt to collect debts that was not required to be paid back because of state statutes of limitations.... http://www.courthousenews.com/2016/10/11/debt-collection-dispute-faces-high-court-hearing.htm
  3. Thank you for your thoughts. I didn't copy the whole Arb section in that attached agreement. It does state that it binds the parties even with the sale of this debt by them, which is essentially what they did when the successor banks took over ownership of the accounts. It also states that if NAF is unable or unwilling, another independent 3rd party arbitrator would be substituted with the same FAA rules applying. That leaves Crap1's Arb removal.
  4. Wondering if someone can weigh in...had a card with MBNA opened around 1995 until last year. MBNA agreement had Arbitration with NAF that included a survivability clause (copied the portion in question below). I realize NAF is no longer are involved with consumer debt arb, plus MBNA was absorbed then subsequently sold to different banks the order of which I forget exactly during in banking crisis, but included Wash Mutual, Providian, then HSBC which sold all accounts to Crap 1. Knowing Crap 1 took all the arb clauses out of their agreements, is it likely this agreement from MBNA (agreeme
  5. Except any from 2015 per CFPB site : "(Please note that the Bureau did not collect agreements for 2015. The January 2016 archive is a sample that was collected by Bureau staff from the publicly-available websites of the largest credit card issuers as of the first week of January 2016, and does not constitute a full set of agreements)."
  6. If down the line I file bk and include a Barclays account after going thru the arbitration process, will it not be able to be discharged because of this section in their cc agreement? Do I try to stay away from arbitration if there is a chance I will need to file bk in the near future? This section has me so confused as to it's meaning. Can anyone give me an better understanding please? This arbitration agreement applies to all Claims now in existence or that may arise in the future, and it survives the termination of the Cardmember Agreement and the Account relationship, in