Jump to content

Nationwide Credit, Inc offers on Chase account - LEGIT?


Recommended Posts

I have a Chase charge-off from 2016 for $25k. I was contacted by MRS offering $13k settlement last year, they offered again for $11k. Next I was contacted by Client Services for $8k, then $7k. Last month I was contacted by Nationwide Credit, Inc, this time for $5k one time payment. It seems like a good deal, I can come up with close to $4k and have a family member help for the rest if need be.

I will contact Chase to confirm Nationwide Credit is the agency that is handling the debt, and not a JDB. I've been doing some reading, want to make sure I have everything correct. Here's my plan of actions + some questions.

1. After confirming NCI is authorized to negotiate, do you think they would go lower, or should I take the $5k deal and run?

2. Their letter says I can settle this account for $5k, but should I be looking for more specific language in writing? I want to make sure I'm not on the hook for the remaining balance later. What specific language should I request in writing to guarantee that?

3. Does the method of payment matter? I've read some accounts of using a Cashier's Check, but I've read elsewhere it doesn't matter?

4. They are not currently reporting, only the original Chase is showing charge-off. If I settle with NCI, is that going to be another entry? 

Link to comment
Share on other sites

  • 2 weeks later...

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • 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.