Steve , I wrote to you sometime back and stated that I owed 60k on my CC’s and would like to pay this off with the equity in my house which I built myself . You asked me four questions and I sent a reply but I haven’t heard back . I think you did not get my reply .Also I got a BLP balance liquidation plan from Chase . This is a 60 month program that lets you pay off the balance at a reduced rate is this for real or another under handed offer from the CC company.
I get so many emails that the best way to get info back to me on a specific question is by posting it as a comment on the original Q & A.
The Chase Balance Liquidation Program (BLP) seems like the latest offer but I hear they are testing a different version of the program that allows you to repay 60% of the balance over 60 months. It is called the 60/60 plan.
Ironically I just answered another question that also mentioned the Chase BLP. You can read that here.
So is the BLP real, yes. It is an offer from Chase to allow you to repay your balance in five years.
Please update me on your progress by posting updates here in the comments section of your question. I’m very interested in how this works out for you.
P.S. Be sure to read ‘The Secret of Surviving Through Difficult Economic Times. What I Learned On My Journey‘.