Tag Archives: chase bank
- Chase Stops Suing Consumers Over Debt
In a move that will most certainly not be permanent, JPMorgan Chase is reported to have stopped suing consumers over debts. The American Banker is reporting that almost overnight, suits to collect debts by Chase have nearly stopped. A rumor exists that the Office of the Comptroller of the Currency is looking into issues surrounding [...]
- Freedom Debt Relief, Chase Bank, & Nonprofit Credit Counseling
In a recent story that a reader brought to my attention, Freedom Debt Relief did a good thing and fully refunded a disgruntled California couple the $3,290 fee they paid Freedom Debt Relief for advanced fee debt settlement services after they got sued and Chase Bank said they would not work with Freedom. A double [...]
- NCO Agrees to Settle Chase Bank Account. Chase Backs Out of Deal.
Angelo Anzalone, president of Active Debt Solutions, has asked me to bring to your attention an issue with Chase Bank and NCO that concerns him regarding the backing out of a settlement agreement with Chase Bank USA. Anzalone states, “We reached a settlement agreement with NCO on a Chase account. The terms were as followed: [...]
- I Have a Chase Bank and IndyMac Mortgage and Need Banking Help on My Modification. – Carlotta
“Dear Andy, 1st mortgage with chase 3. something interest, adjustable, 2nd mortgage Indymac 12. something interest, fixed. No late mortgage payments, very low credit score and no equity in my home. I need wise advice on how to resolve this situation—high interest and two mortgage payments. Please give all information you have on this situation [...]
- Chase Bank Dropping Debt Collection Lawsuits
in a yet unexplained move, JP Morgan Chase has been dropping lawsuits against consumers for past debts. The Wall Street Journal is reporting Chase “wouldn’t disclose the number of cases dismissed or the reasons for the move. State judges said the bank has dropped lawsuits targeting borrowers in California, Florida, Illinois, New Jersey and New [...]
- My Mother is Being Sued by Chase. All She Gets is Social Security Income. – Helen
“Dear Michael, My Mother was served a summons today by 2 Sheriff’s Deputies. I haven’t seen the document yet, but it sounds like she is being sued by Chase. She has 30 days to respond to Magistrate Court. The debt is for $10,000 she owes on a credit card. She had a serious health scare, [...]
- I’m 70 Retired, With Some Health Issues and Trying to Get Chase Bank to Modify My Mortgage. – Lyn
“Dear Andy, I’m 70, retired with some health issues. Have quite a lot of debt besides my condo on which I owe $29900, and its only worth about $49000 at the moment. When I purchased it in 2000 it was $118000. In 2003 I refinanced to bring the interest rate down to 5.75 and switched [...]
- Use a Debit Card from Chase Bank? Prepare to Have it Declined.
Chase Bank is talking about significantly reining in debt card transaction limits to $50 or $100. The reason, so the can make more money. Recent legislation capped the amount the bank can charge retailers per transaction for using a debit card. Currently it is 44 cents per debit card transaction but soon it will be [...]
- Chase Bank – DIY Credit Counseling Repayment Plan Terms
The following information is designed to assist you to put together a self-directed debt repayment plan with the creditor listed. This information has been obtained from a number of sources and while believed accurate at the time it was posted, it may have changed. However, it is good information to use to get an understanding [...]
- Chase Bank Alleged to Not Be Able to Confirm Real Balances Owed While Shredding Documents
Chase Bank has recently become the subject of a whistleblower complaint to the SEC by Linda Altamonte, a described mid-level employee of the Chase Bank Credit Card Litigation Department. Documentation on this case states: Chase Bank sold to third party debt buyers hundreds of millions of dollars worth of credit card accounts that were marked [...]
- Chase Freedom Card – Debt Relief Television Commercial
Commercial Name: Chase Freedom Card Record Date: 11-08-2010 Network/Channel: Mad Money, CNBC Description: ChaseFreedomCashBack.com, 877-454-5403. Helps you maximize cash back on popular categories that change. 1% cash back on all other purchases. Get $200 if you spend $800 in the first three months. [quicktime]http://getoutofdebt.org/member/video/ChaseFreedomCard-20101108.mov[/quicktime] The debt relief commercial above is presented only as an example [...]
- Chase Bank Will Not Honor Our Settlement Arrangement, What Do We Do Now? – Bryce
My wife and I entered into a debt settlement with Chase for 4 payments. On the 4th payment of each account we were notified that we are no longer in this settlement program because they had not credited to our account the payment until it was 2 days late on one account and 3 days [...]
- The Chase Legal Department Says They WIll Sue Me. – Jacqueline
“Dear Steve, I am in financial hardship and have always had perfect credit but had to stop the bleeding. Chase now threatning to take me to court. Due to financial hardship I stopped paying my Chase credit card and Us bank card, I attempted a settlement at 10% they said 85% then late 65% (Chase) [...]
- Chase Bank Wants Their Balance in Full. How Can I Get Them Down? – Glenn
“Dear Steve, I owe Chase Bank USA on two credit cards: one for $20000 and the other for $15000. I am delinquent on both. I get repeated calls from them on my home and cell phones. I have not spoken to anyone there since June. I have just received a letter demanding the unpaid $20000 [...]
- Money Management International Settles Case for $6.5 Million to Avoid Allegations of Improper Credit Repair Services
I just had a long conversation with an inside party that told me about a massive settlement by the credit counseling company Money Management International to avoid further involvement in a suit that alleged they engaged in improper credit repair services through their debt management plans. This case seems to clearly go hand-in-hand with a [...]