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Will Chase Bank Negotiate My Debt With Me Directly? – Eric

“Dear Steve,

I am currently about 13,000 in debt and want to be free of all dept. owe chase $8,000 at present

If I call chase to negotiate a settlement of this $8,000, and I have about $5,000 on hand. will they negotiate low enough that I can pay them off. I do not want to go through a lawyer. but do it myself,…What are your thoughts here.

Eric”

Dear Eric,

If you are currently delinquent on this debt they may negotiate with you. There is no reason you can’t do it yourself. But before you make the first move I would strongly suggest you get a consultation with Damon Day to get some specific advice and education about how to best do this based on your situation. You’ll also get some advice on how to best do this so it does not blow up on you later.

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.

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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.

4 Comments

  • Dear Eric & Steve,

    I had considerable debt with Chase also and can happily report that Chase was one of the first and most cooperative debtors when I got into financial difficulties last year. I was able to set up a 5-year pay-off plan with an extremely low interest rate. Give Chase a call and work with them directly.

  • Dear Eric & Steve,

    I had considerable debt with Chase also and can happily report that Chase was one of the first and most cooperative debtors when I got into financial difficulties last year. I was able to set up a 5-year pay-off plan with an extremely low interest rate. Give Chase a call and work with them directly.

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