jlscared Posted August 28, 2007 Report Share Posted August 28, 2007 My 2 accounts with chase are in the recovery dept. of chase. They will settle for 50% over 2 mths. Is this a good deal? They told me that dept. doesn't settle for less than 50%, but I don't know if that's true or not...anyone ??? is this good? Thanks. Link to comment Share on other sites More sharing options...
Moriah4 Posted August 28, 2007 Report Share Posted August 28, 2007 Settlement is a personal thing. It is good if you have the bucks to settle the amount in 2 months. I would also want it in writing and that they would not report it on my CR. Or it would show pd in full O balance and nothing else but that is only my thoughts. I would definately fight for my CR in there as otherwise a paid settlement will haunt you for 7 years. Just my thought. Of course I am new here. Link to comment Share on other sites More sharing options...
willingtocope Posted August 28, 2007 Report Share Posted August 28, 2007 Also, I'd suggest you ask for your 1099c immediately. If you have that, and pay the associated income tax, you may be able to fend off any junk debt buyers, should they sell the balance. Link to comment Share on other sites More sharing options...
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