pstan Posted August 16, 2010 Report Share Posted August 16, 2010 I'm unemployed (>4 years) and have basically exhausted my personal resources, and have a $33,000 balance with Chase. The account is within 60 days of charge-off, and I spoke with their hardship team. Presented them with "household" income to try to get a workable plan (girlfriend would help on perhaps $200/mo for 2-3 years). Chase offered a 5% discount on balance and zero percent -- I was underwhelmed ($450/mo for 70 months), which is completely unworkable. Seems I'd have better luck after the debt is sold-off. Any thoughts or advice? Link to comment Share on other sites More sharing options...
BigJ99 Posted August 17, 2010 Report Share Posted August 17, 2010 I have read in a few places that chase is one of the most difficult to deal with. However, I have read a few folks getting away with as little as 25% of what is owed, But this didn't happen until they were just about ready to sue. I wish you luck, Im getting ready to have to deal with chase myself. Link to comment Share on other sites More sharing options...
Massive Posted August 17, 2010 Report Share Posted August 17, 2010 I'm unemployed (>4 years) and have basically exhausted my personal resources, and have a $33,000 balance with Chase. The account is within 60 days of charge-off, and I spoke with their hardship team. Presented them with "household" income to try to get a workable plan (girlfriend would help on perhaps $200/mo for 2-3 years). Chase offered a 5% discount on balance and zero percent -- I was underwhelmed ($450/mo for 70 months), which is completely unworkable. Seems I'd have better luck after the debt is sold-off. Any thoughts or advice?In your situation I'd let it charge off and then prepare to fight the debt collection letters. I wouldn't pay another penny. Link to comment Share on other sites More sharing options...
MustangGrrL027 Posted August 17, 2010 Report Share Posted August 17, 2010 speaking from a similar experience, I have found that chase doesn't care what your circumstances are - i endured some hardship, pleaded with them to help me find a payment plan, and in the interim reduce the interest so i could catch up...every month i was getting 29.99% interest charged, a late fee (for not being able to pay a full minimum payment (which was way unaffordable at the time) and a over the limit fee (which was attributed generally to interest every month). I spent over $1000 over three months to "try" to catch up..........they did reduce the interest for 3 months but that was it, no other help...it wasn't worth it and i wish i had just given up. it wasn't worth it honestly. i tried really hard to be a "good" consumer doing everything I can to pay my obligations....in the end, i found myself even more screwed and it charged off anyway.... Link to comment Share on other sites More sharing options...
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