2 months ago I signed with a debt-settlement company to settle a $14,000 Chase credit card account. I recently found your web-site and your article from May 19, 2010 where you explain that Chase is no longer working with settlement companies. Of course no one from the settlement company advised me of this. I’ve spoken to Chase and they confirm……they offered me a repayment plan I can live with.
Can the debt-settlement co. sue me if I stop sending them money, even though they claimed to settle Chase accounts all the time and failed to advise me of Chase’s new position?
Seems they lured me in with fraud and deception.
Can I sue them if they refuse to return the $500 I have already sent them?
If you cancel your agreement with the debt settlement company it is highly unlikely they would attempt to sue you for work they have not performed.
The best approach at this point would be to follow “How to Get Out of a Debt Relief Program and Get a Big Refund.”
It seems like you are making a reasonable request and I can’t imagine why the company would refuse your request based on the fact it is only a $500 refund request.