FightBackNow Posted August 9, 2010 Report Share Posted August 9, 2010 I've got one manageable size CC account with Chase that I'm considering settling and having it done with. Chase is still on my CR stating the loan was charged off in the latter part of 09. In the mean time NCO Financial is writing and calling trying to settle the debt. I see NCO made an inquiry on my CR, but don't see any indication they own the account.Can I still call Chase the OC and negotiate an arrangement? If I call them and ask some questions about settlement, can that be used to incriminate me if I'm sued at a later date? Link to comment Share on other sites More sharing options...
1stStep Posted August 9, 2010 Report Share Posted August 9, 2010 Contact Chase in writing... unless you plan on recording the call. Link to comment Share on other sites More sharing options...
Prosay Posted August 9, 2010 Report Share Posted August 9, 2010 Contact Chase in writing... unless you plan on recording the call....and also being recorded...to use against you if you are sued.My policy is to never ever call the OC, the DC or Attorney...always in writing sent by cert mail return receipt...and copied to my legal file ! Link to comment Share on other sites More sharing options...
debtorshusband Posted August 10, 2010 Report Share Posted August 10, 2010 Can I still call Chase the OC and negotiate an arrangement?You can always try. The OC may tell you that you need to call their CA. And if they've sold it, the OC is totally out of the picture.If I call them and ask some questions about settlement, can that be used to incriminate me if I'm sued at a later date?The short answer is "No."The longer answer: Hedge your bets; make sure you don't admit to the debt by saying, "I am not admitting to this debt, but in the interest of avoiding further expense and putting this matter behind us, I am will to agree to a settlement in the amount of $XXX."Good luck,DH Link to comment Share on other sites More sharing options...
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