Chase ad naseum

[Lajazz947]

I know that Chase has been covered here a million times but I am just preparing.

I think that we will file next month.

I am behind on Chase payments for 5 months now.

They told me that at 7 months they cannot help me anymore.

I assume that means charge-off, sell to a CA or lawsuit.

I have never had this issue to deal with.

Can anyone tell me what their experiences have been?

• Were the accounts just charged off and sold.
• Was a lawsuit initiated?
• How long after 7 months did you get served?
  
  Thanks for any help.

[magyar123]

If you really intend to file next month and include them in your filing don't worry about it now. Actually I'm surprised that they are not hounding and threatening you now.

[Lajazz947]

If you really intend to file next month and include them in your filing don't worry about it now. Actually I'm surprised that they are not hounding and threatening you now.

Hounding me they are.

I told Michael at Chase this morning at 8:05 AM.

" The answer is the same as it was yesterday when you guys called me 6 times"

" I did not get a check in the overnight mail so I still do not have money to pay you"

My wife tells them the same thing.

He said he was going to notate it.

For their part they have never threatened a lawsuit, they have actually been polite.

I am hoping to file next month but we will see what my attorney says is best.

I got a nasty insider payment for $40,000 to deal with as well as a mechanic's lien issue that I am in litigation for now and he has yet to make a solid determination on them.

The insider deal will go away in April of next year but if I wait that long I am afraid that the process servers will be at my door morning , noon and night taking numbers to serve me or my wife.

I don't want to do that to her.

[AngelinaCatHub]

We just got through dealing with an insider "preferential" payment but it was only about $6500 and they compromised to $5k. I have to pay it by Feb 15 along with 5K of personal belongings.

[Lajazz947]

We just got through dealing with an insider "preferential" payment but it was only about $6500 and they compromised to $5k. I have to pay it by Feb 15 along with 5K of personal belongings.

What do you mean by having to pay back personal belongings?

[AngelinaCatHub]

We have too many non-exempt items. I guess we were too diligent in listing our things. Anyway, we have to buy them back from the BK estate to the tune of $450.00 a month for a year beginning last May. None of them are very pricey and if sold would only bring pennies on the dollar. Two are clocks that don't work and need repair, but collectively.....

[Lajazz947]

This is great information. My attorney has not mentioned anything about my personal property falling outside my exemptions but once again this is another great piece of knowledge to have and question.

I am surprised that someone would have to " buy" their own items back.

Out of curiosity what would have happened if you said ' OK, go ahead and take the stuff".

[Reddrocket07]

I actually havent had too many problems with chase. Last year my monthly payment on my CC sky-rocketed to $550.00 a month at 29% interest. I contacted them, told them I could not afford that payment. They put me in a payment program, cut my bill to $264.00 a month and lowered interest to 12%. Im not sure it was any better, but they have been nice about it. I made this payment for over a year, and started to get collection calls this June for a payment of $264.00 from June of 07. When I asked, they told me I had to pay two months up front. I was never told that and they automatically deducted the money from my bank account. I get harrassing phone calls every now and then from stupid people who tell me its on my credit report. Once I remind them of the terms for my repayment plan, they change their tune and then tell me its not on my credit report. I belittle the chase caller on the phone, tell them I do not want to talk to a liar and demand to be transfered to another chase rep, who then kisses my @$$. Its a pain to deal with every now and then, but not unbearable.

The worst for me is Citifinancial. I got an account through Sofa Express. I was late by one day and they threw me off this 4 year 0% APR program and charged me 22% interest. My monthly payment went from $50 to $174. I called them, complained I couldnt afford 3 times the payment each month and they put me on a payment program for $149.00 a month to get the account caught up. The money was automatically debited from my bank account, but every month, I received a $39.00 late fee and my interest rate went up 2% every month. Finally this month, I completed the payment program and my account payment was suppose to go back to $50.00 a month. Well guess what...its $203.00 a month now at 29% interest. The company would remove the late fees, but refused to lower the interest rate back to the original amount. They told me my terms and conditions were changed and that they were able to change my interest rate if they wanted to. On top of that, they claim that they never said my payment would convert back to $50.00 a month at the end of my payment program. I eventually just hung up on them since I am filing anyway. Too much too deal with...

[becky20]

I didn't pay on my chase visa card for over a year and just recently served me with a judgement notice, so I had done no payments and had no communication for over a year before they filed a suit against me... My balance was 5K

[13bound]

chase and first usa are basically the two credit cards i had that pushed me into bankruptcy. i was never late on anything until june and i called the ones that would be affected and those were the two who popped me with a late charge and raised the rates to 29 plus. i paid everybody and then when the july bills came in, i said screw it and filed. chase sucks period, but i'm still the dumb azz who got myself into this mess.

[AngelinaCatHub]

This is great information. My attorney has not mentioned anything about my personal property falling outside my exemptions but once again this is another great piece of knowledge to have and question.

I am surprised that someone would have to " buy" their own items back.

Out of curiosity what would have happened if you said ' OK, go ahead and take the stuff".

[Lajazz947]

Now you have me thinking (and worrying).

How likely is it that someone would come and take inventory of my stuff?

Is there something that someone here thinks might trigger such and extreme action?

[jwbbx]

Don't fret too much about your 'stuff'. I think AngelinaCatHub is in a 7, and that's a bit different.

The way my attorney explained it is that in a chapter 13 if the 13 plan will result in more payment to creditors than a Chapter 7 liquidation would, then your 'stuff' is off the hook.