So this year I paid off 9 collections (all removed), settled a Merrick CO for 25% owed, and this is the last account I need to take action on. This account irritates me the most, as someone else wrecked the car during a lapse of insurance.
JP Morgan Chase Auto - Repo / Closed / CO
Balance: $13,647 (reported on EX)
I was on the phone with them earlier to see if they still had this account or sold it, and I think the guy gave me a different balance.
1. Assuming their balance is different than what is reported, can I get this zero'd out or removed as a dispute?
2. If not.. should I try to settle? After reading around a bit, I've seen people settle with them for as low as 20% of the balance.
I would be willing to do up to 25% if they remove the lates or the whole account (doubtful though lol).
1. No, all they would be required to do is update the balance to the correct amount and/or validate the amount they have is correct.
2. It doesn't appear to be updating regularly, so it may not be hurting as bad as it could. I would personally try to settle it but the chances they remove the negatives is essentially zero.
