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Help with Chase


Guest pstan
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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?

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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.

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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.

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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....

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