I just heard from the CEO of a debt settlement company that said his third-party escrow company is getting flooded with refused settlement payments sent from the escrow company to Citibank and Chase.
The CEO said he’s had client payments refused in just the past couple of days.
These settlements were with law offices and third party collectors on behalf of Citibank and Chase and the accounts now appear to have been pulled back by Citibank and Chase when the payments are refused.
Has anyone else seen something similar and if so, how are you dealing with this when the payments are refused?
Chase and Citibank Said to be Refusing Escrow Company Payments on Debt Settlements by Steve Rhode
I can always use your help. If you have a tip or information you want to share, you can get it to me confidentially if you click here.