We are about to reach a settlement with Chase Bank. However, they seem adamant about receiving some money before the end of the month – in addition to the settlement offered. They want us to give them our bank info so they can electronically get the money. Not something we are likely to do, however we could mail a payment. Of course, they say that will take too long to get there. We are in the seventh month, and it’s about to be written off, so they are anxious to get the money before that happens. We would like a written agreement first, then send in a lump sum payment.
One thing I’ve found dealing with these sharks is that they never listen to anything you say. I’ve told them what I can afford and then they say, “Can you afford x?” which is higher than what I told them. They just want their money somehow. Personally, I’d let it go to collection, but first I would send the registered letter telling them to stop calling you either at home or at work.