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?
You are not alone. I'm here to help. There is no need to suffer in silence. We can get through this. Tomorrow can be better than today. Don't give up.
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.