Chase - to settle or PIF

[Anonymous]

Hi all!

I received a letter from Chase today from a CC account opened in 2016 that has been charged off but is still with Chase. I have a balance of $690.96 and they gave me the following options to get it taken care of.

1: Make one payment of $104.71

2: Make two payments of $52.36 totaling $104.71

3: Make monthly payments of $34.90 totaling $104.71

Should I settle or PIF? 

Any help is appreciated!

[Brian_Earl_Spilner]

If you ever want to have chase cards again without issue, PIF. They will hold that settlement over you for every application and CLI for a very long time.

[rckstrscott]

When I was going through my credit rebuild I would PIF as often as possible.

I had a much better luck with GW letters when something was paid in full.. Just my opinion.

Good luck!!