sao1 Posted January 30, 2008 Report Share Posted January 30, 2008 Hey guys,Mods, if this is not in the right sub-forum, please don't hesitate to move it... I have a Chase revolving account that was open to me back in 02/03, and up to 06/04 i have had (2) 30 days (1) 60 days and (5) 90 days late payments. I believe until of 02/05, the CC account was closed on me. To many late payments and collections, but I believe i was never once was I offer to settle. Anyways, I have been making payment and have not miss a payment since 02/05, and i was wondering if it is a good idea to continue to make payments on the CC (while the account is closed) and get it the balance down to zero, or should i settle with the Chase. I had a high balance of $2871 with the limit of $1500, and as of today, the balance is ~$945.So, should i settle with Chase, or continue with the payments?I don't know if this will be much help to diagnosis the problem, but my remarks under the CR is: Account closed by credit grantor...>Maximum delinquency of 120+ days in 11/2004 for $222<Thank you in advance... Link to comment Share on other sites More sharing options...
willingtocope Posted January 30, 2008 Report Share Posted January 30, 2008 This is a case of its almost certainly best if you just pay them off. Double up on the minimum payments, or send them a little extra each month. "Settling" probably isn't going to work because they look at you as somebody with money that will pay them the full amount...and even if they did settle, they probably wouldn't remoe the "lates".Once you get this paid...it will hurt your scores less and less as time passes. Link to comment Share on other sites More sharing options...
sao1 Posted January 30, 2008 Author Report Share Posted January 30, 2008 Once you get this paid...it will hurt your scores less and less as time passes.I was hoping this will happen. Doubling on payment doesn't sound too bad.Thanks for the reply willingtocope. Link to comment Share on other sites More sharing options...
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