Jump to content

Chase Question


JRog
 Share

Recommended Posts

Ok...I have a Chase card that just went to Mann Braken for collection. I called Thursday and they told me it went on July 4th. I have a statement that said to call Chase directly for help and that's when I found out it went to collection. I asked if they could bring it back so I could deal directly with Chase and the answer was no. My question is...my current statement says a payment is due July 23rd. If I sent in a payment with the statement to Chase, would that then bring my account back to Chase? Thanks!

Link to comment
Share on other sites

My experience with Chase is that they will not take the account back from the collection agency once it is sent there.

I had something similar happen to me on a MBNA account. I sent a payment to MBNA after they had sent it to a collection agency (they had not told me they sent it to them). MBNA sent the payment to the CA and the CA started reporting that I made a payment to them. Then the CA started sending me letters thanking me for my recent payment and telling me when my next payment was due.

Be aware that MB is getting a lot of files from Chase that are being sent to NAF arbitration. They have a reputation for not notifying defendants of arbitration cases or lawsuits. Make sure they have your right address so if they do this to you, you will have proof they knew where you lived and had not excuse for not notifying you of any pending action. Also, they like to send letters to old addresses, even when you gave them your new address.

I found that when I sent them a DV on my Chase account, they were able to get all the old statements from Chase and an affidavit from Chase, not the normal BS CA affidavit. So I think they can win.

My impression from dealing with MB in the past is that they leave you alone if they think you have no assets. I have had five accounts with them, including three now, and have never been sued by them or sent to arbitration. In fact, they let two accounts slip past the SOL.

Link to comment
Share on other sites

Thank you so much for your response. I haven't received anything in the mail yet from them and have only received a few phone calls. I certainly don't have any assets other then my house that has a 1st and 2nd mortgage. Do you know if they will negotiate a settlement? I just settled with Chase directly for one account and also with Citi. I won't have any additional funds for settlement until after the 1st of the year. I also have a BofA, Amex and Discover that have gone to collection so I will have to worry about those too.

Link to comment
Share on other sites

On the two accounts I had that used to be with MB: Both of these were purchased by MB so MB was acting in their capacity as a JDB. When I got their initial letter demanding payment, I sent them the standard DV letter. They sent me a letter saying that it may take up to 90 days to validate. Thats the last thing I heard from them. Since I knew the debts were valid, I did not follow up. Eventually MB sold them to another JDB. The new JDB was not able to validate them either. I have an argument that the SOL has expired but it is beginning to look like the argument may not be a winner. So I am just sitting here quietly. The new JDB has not contacted me in maybe two years. These amount to over $25,000 total so I am not rocking the boat.

I have researched the issue of how low will MB go in a settlement. I cannot find a difinitive answer. Every once in a while I post and ask the question, but don't get much response. What I have found is a comment at Bud Hibbs where one individual said they offered to settle for 50% after they filed for arbitration; a post here on CIC that MB offered to settle for 75% but wanted it all at once; and one post at another message board where a poster said MB got an arbitration award against him without notice and then offered to settle for 80%

Link to comment
Share on other sites

Guest
This topic is now closed to further replies.
 Share

×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.. For more information, please see our Privacy Policy and Terms of Use.