Latest Posts
Home > Ask The Get Out of Debt Experts > What Can We Do to Force Chase Bank to Give Us Realistic Repayment Terms? – David

What Can We Do to Force Chase Bank to Give Us Realistic Repayment Terms? – David

“Dear Steve,

My wife Shantell has two unsecured credit cards from Chase Bank. Her debt on the cards totals about $23,000.00. They are threatening to sue her on January 14 if she does not pay almost $2400 on the largest debt upfront to have the debt removed from the hands of the attorneys so she can deal directly with Chase.

We are willing to repay the debt, but they want more than we have upfront and are driving us nuts with constant phone calls.

What can we do to get Chase to give us more realistic terms for repayment? We want to avoid bankruptcy if we possibly can.

David”

Don’t miss our free Get Out of Debt – “How To” Guide Series on a number of topics, for loads of practical advice, tips, and help to beat back debt. – Click Here

The Answer

Dear David,

The only tool you have to legally make them either accept a repayment plan you can afford or eliminate the debt is bankruptcy.

You have unfortunately now discovered why the leading cause of bankruptcy is collection pressure by creditors or collectors. It is obvious you want to pay what you can afford but you can’t afford their demands.

I’m afraid I am not convinced Chase will actually recall the debt. I would not be surprised if that isn’t a hollow promise to get you to pay something.

If you don’t feel you can come to some mutual agreement with the law firm that you can afford then I would take the money you would have paid them and give that to a bankruptcy attorney. Click here to find a local bankruptcy attorney you like. Make an appointment and you and Shantell should go see the bankruptcy lawyer together. Don’t go with the intention of filing bankruptcy. Go to learn what bankruptcy would mean to you in your situation.

Rather than getting intimidated by the collector, get informed and find out what legal tools you have to stop the suit, prevent a garnishment and get this matter resolved. It has obviously been going on for quite some time.

Big Hug!

What Can We Do to Force Chase Bank to Give Us Realistic Repayment Terms?   David
Get Out of Debt Guy – Twitter, G+, Facebook

If you have a credit or debt question you’d like to ask just use the online form. I’m happy to help you totally for free.

What Can We Do to Force Chase Bank to Give Us Realistic Repayment Terms? - David by

Share This and Spread the Word

About Steve Rhode

Steve Rhode
Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.

Get My FREE Get Out of Debt Guy Newsletter

It is the smart thing to do.

I promise to keep your email safe and secure.

Close

I want to keep you posted each weekday with just one email about the latest get out of debt news, scam alerts and information to beat back debt.

You can unsubscribe at any time with just one click.

After you subscribe, check your email to confirm your subscription. If the confirmation email does not appear in your inbox in a few minutes, check your spam folder for it. Sometimes it likes to annoyingly hide there.


  • It will keep you posted on the latest scams.
  • You will be alerted to the latest articles.
  • You will wind up smarter than everyone else dealing with debt.