Chase Letters To Clients Contradict Their Past and Future Settlement Policy

This is an interesting example of how creditors try to influence their cardholders to PAY UP IN FULL on their credit card debt. As more and more people enroll their credit cards into debt settlement programs, more and more creditors will be combating the program, and attempting to collect the debts directly, via their “in-house settlement center”, or by referring them to a “credit counseling center”.

As a recent example (view this settlement offer by Chase), Chase has been sending out letters to their customers notifying them that they have been contacted and notified, that they are being represented by a debt settlement company in connection to their Chase account. The bold title of their letter states, “Chase doesn’t deal with debt settlement companies.” Attached, you will also find a settlement from Chase, as recent as today, and for 25% of the debt amount!

The letter does go on and suggest, and ask, that the client does in fact contact Chase directly to learn more about their “interest rate reduction” programs, as well as get a “free referral to an accredited, non-profit credit counseling organization.”(Credit card companies started credit counseling companies like CCCS and CCCS receives compensation from them.)

Let this serve as an education tool, to help make you the client aware of these letters you may receive, as we’re all very aware Chase isn’t the only creditor sending these letters out. Knowing what to expect from creditors and their fear tactics will enable you to successfully complete your debt settlement program so you can reap the rewards of payments you can afford to pay.

By knowing about fear tactic letters to try and get you to continue making high interest payments to them, or their majority owned counseling center, will allow you to stay the course to repairing your financial future.

Creditor will do, say and write just about anything they can to potentially get your hard earned money, each and every month…interest and all, so you can see why they don’t like debt settlement alternatives, but they eventually agree to lowered settlements, and they have been doing so for years, as in the case of this 25% settlement offer.

To find out what you qualify for, call 678.561.DEBT (3328) or visit http://www.debtmanagementguys.com and fill out the form to be contacted by one of our representatives.

(Don’t forget you can click the “CALL ME” button to be connected with a live representative, after entering your name, phone number, and the connect button.”)

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