How to Settle Chase Credit Card Debt:

1. Decide if you want to pursue do-it-yourself debt settlement or hire a debt settlement company to negotiate on your behalf.
2. Rehearse your conversation (if you’re doing the negotiating).
3. Reach out to Chase customer service at 1 (800) 935-9935 (if they are handling your debt).

Does Chase offer debt settlement?

Balance liquidation plans and debt settlement are both available on a Chase credit card. If you can swing the payment the reduced interest hardship monthly repayment plan is a good program for you. You have to be confident you can make the now lower monthly payment on time all the time.

How much will Chase settle for?

A customer recently had Chase offer them a 35% reduction or settlement of their debt on a total of $19,000 in unpaid bills that they had outstanding. So they in effect offered to settle for $6,900. Sometimes they will offer payment plans along with the settlement offer.

Does Chase take you to court?

Chase Bank has historically kept their own accounts and pursued them by filing collection lawsuits. Chase Bank will rely on witness testimony in a “business record affidavit” when trying to prove their case against you.

Is it possible to negotiate a Chase credit card settlement?

Today, people owe more on their credit cards because they are using those cards to cover things that their paychecks no longer can. It is possible to negotiate with the company, on your own or with the help of a debt settlement company, to help with a Chase credit card settlement.

How much does Chase offer for debt settlement?

Is there a Chase credit card debt consolidation option?

Thank you for your question about your credit card debt, specifically your Chase credit card debt, and whether there is a Chase debt consolidation option or other solution that will help you. Chase is a full service bank, offering a variety of services including checking and savings accounts, credit cards, auto loans.

Which is the best way to negotiate a debt settlement?

Be careful of debt professionals who claim to be able to negotiate a better deal than you. If you negotiate yourself, speak with a manager in the debt settlement department and start by offering 30% of your outstanding balance. Why would a credit card issuer willingly choose to forgo a substantial portion of the balance it is owed?