Thebookmark Posted September 23, 2019 Report Share Posted September 23, 2019 It’s been two or three years since I’ve last made a payment to Chase bank for the two cards I had with them. Each card (after fees and other random add-ons) tacked up to about $4,000 each. $8,000 total. I’ve heard that Chase bank has been very soft in their collection efforts for quite some time. As in, they haven’t sued anyone for old credit card debt in years. I’ve received letters from Nationwide Credit, Inc. over the last few months. In each letter I’ve received better and more tempting options for settlement. Today I received an offer to settle one card for $350 and another for $350. That’s a $700 settlement for what they’re saying is an $8,000 debt. I’ve dealt with Calvary and Gurstel before and a few other places as well. However, I’ve never been offered close to something like this from anyone. Any insights as to why this could be? Does anyone here believe that Chase will become more aggressive in their collection process (suing) soon? Thanks! Quote Link to comment Share on other sites More sharing options...
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