rureall Posted March 19, 2012 Report Share Posted March 19, 2012 I am about 3 months past due on my credit cards. When should I try to work out a full settlement on the cards? Family may be able to help me with some settlements. I have looked everywhere for a timeline but dont see anything. Some people say 4 months,,,,some say 5 past due. I have chase and I see people setting for 20-30% and wonder what their timeline was for being past due. I am getting frequent calls but not able to respond/answer so not sure how no response to them affects me either. Any thoughts appreciated! Link to comment Share on other sites More sharing options...
ioalot Posted March 20, 2012 Report Share Posted March 20, 2012 Chase was the quickest for me. I settled 4 Chase accounts, 2 at 90 days past due at 35%, 2 at 120 days past due at 30%.As you have seen, some have had excellent results with Chase but closer to 180 days past due. Usually, the longer you wait, the better the settlement. Link to comment Share on other sites More sharing options...
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