I have 2 Chase Credit Cards that have a combined $10,000 balance on them. I am getting a big bonus and was wondering how much would it take to pay them off? Do you think I could settle with Chase for less than the 10k? Should I call the back door #?
What do you mean "settle" with them? Are they in collections right now or your just carrying a balance on them?
Accounts the are not in arrears cannot be settled. And, if they do become charged-off, it's no guarantee the creditor or collection agency will take a settlement.
Oh. Then why not **bleep** them all the way, if that's your intention? File for BK, and just pay the lawyer.
Sorry if this seems rude, but you say you owe the money, and you have the resources to repay them. Please just do that.
I'm not understanding your question.
If the accounts are still open, then no. You can't not pay them money you owe.
Is it worth calling to see if they would settle and close out my cards for less than the 10k I owe?
They may offer some sort of credit help. The day you call them, they're going to start soft pulliing your credit report very often. Honestly, they're not going to settle with you. They'd rather charge your account off and sell it to a collection agency. The CA may settle with you after so many months of them having your account. But if they determine you're capable of paying them they may sue.
Go ahead and give it a try! They might accept it!!! And all it is going to cost you is a major blow to your credit score, but who really needs good credit these days?!
Ask someone without a job that question. Employers are doing credit checks now more than ever. And if one need car insurance, a low score affects their premium. A low score can cost you money. A high score can save you money in more ways than one realize.