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    Advice Needed About Medical Debt

    My health insurance company refused to pay the bills associated with a medical emergency. After two appeals to the insurance company, I am left with approximately $100,000 in medical debt. The two hospitals have offered a 60% reduction in the bills by changing them to the "self-pay" prices and...
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    How To Get The Best Rate On Your Mortgage

    That is good news. I will email you on your work email. Thank you Erik! Loansafe is the best knowledge resource out there!
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    How To Get The Best Rate On Your Mortgage

    Eric, By following the expert advice on this forum I was able to settle my HELOC with Chase Bank in October 2013 after a period of non-payment (thanks Tom Eason!). I have been waiting to sell the house until the 2 years after a charge off have been up, and as I prepare to put it up for sale on...
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    Success Stories in Settling 2nds

    Wolfeman, I never sent them a settlement offer with this call. I just called the 1-877-836-3040 number that was on my last settlement offer from Chase and asked- what do you intend to do with this house, I need to know if I am staying or walking away? The lady I spoke to (Nikki Tran) said...
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    Success Stories in Settling 2nds

    Bbuff, I need a new roof on my house (which costs 27,000) so I was anxious to get this settled before I did that. Now that the 2nd lien will be off my home and I will get a credit rating bump from my current 698 score I should have many more financial options to do the roof and other...
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    Success Stories in Settling 2nds

    Eureka! I just settled with Chase last week. A quick recap: My house is in Florida 1st Mortgage (Citi)- 353,000 2nd Mortgage (Chase)- 238,000 House Value- 400,000 Settlement- one time payment of 38,000. Paperwork stated that once they receive the funds the lien will be released and the...
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    How to Determine if a 2nd Lender Will Foreclose

    Tom & Evan, I want your opinion on something. I have been following the Strategy for Settling the underwater second mortgage for more than two years now and have not heard from the lender (Chase) in over a year. Refresher: Florida home 1st- Citimortgage- $364,000 2nd- Chase- $238,000 Value-...
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    Success Stories in Settling 2nds

    R2R, Any movement on your end from Chase? I haven't heard a peep since June 2012. Is there a way to keep in touch with you without replying to you in a thread?
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    Today begins "Settling the Second Strategy"

    R2R, Here you go. Good Luck! Chase Home Equity Settlement Department TX7-5555 14850 Frye Road Ft. Worth, TX 76155-2732
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    Today begins "Settling the Second Strategy"

    R2R, Any movement on your situation? I have been ignoring LCS Financial and I sent my most recent offer directly to the Chase Home Equity Settlement department via certified mail ( I got the address from one of the other threads). Surprisingly, I got a letter in the mail that my offer was under...
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    HELOC Settlement proposal--When do I send it?

    Ready2Run, I got my first call from LCS Financial in February. The guy wanted $59,000 and change to settle with two years of financials. I told him all I can get is $22,000 and no financials per my BK attorney. He said that Chase would not accept anything without financials. I told him to call...
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    Strategy for Settling Your 2nd

    Well I finally got an "official offer" from Chase in the mail on 12-23-11. They offered to settle the $238,000 Heloc for one payment of $83,000. I countered with an offer of $20,000. The settlement worker I have been dealing with called me back and said that Chase could not release the lien for...
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    Strategy for Settling Your 2nd

    By hammering I mean the two times she has called since October 13th wanting to settle the account. Each time I ask her for a settlement offer and she throws around big numbers and says that she cannot give me any firm number unless she has financials and a BPO to discuss with her manager. She...
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    Strategy for Settling Your 2nd

    Tom, I need your sage advise and re-assurance. I am now in the settlement stage now. My Chase Heloc charged off in September. Refresher for your memory. House is in Florida. 1st Mortgage is current at $369,000 Heloc charged off balance at $238,000 My CMA came back with price value of...
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    Amex won't budge! Threatened to "escalate"??

    Amex settled I stopped paying Amex in April 2011, after about 2 months it went to a collection agency GEC Services(?). They wanted $7,000 for an $8,000 balance. I informed them that I have a bankruptcy attorney on retainer and was not going to settle for much more than 20 percent of the...
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    Strategy for Settling Your 2nd

    I got a similar call last week. She identified herself as the settlement department and she said that she wanted 60,000 to settle the 238,000 balance and release the lien. I told her that was impossible and she turned into a Major "B" and started screaming that Chase was going to come after me...
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    Success Stories in Settling 2nds

    Tom, Thanks for being the watchdog of the forum, you are greatly appreciated along with all of the other regular advisers. I do not find you rude and I am sure you must get frustrated at times. I have been following multiple threads for the past 7 months and I am constantly amazed at how...
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    Amex won't budge! Threatened to "escalate"??

    I haven't paid my Amex bill since May 2011 and GC Services is handling the account since 90 days late. They are pretty much uninterested in making any deal to settle. They told me the deal is 55 percent of the $8,400 balance or nothing and said that the account will go back to Amex soon and Amex...
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    Bank of America credit card settlement

    Also, I never disclosed financials and did not talk to them during months 1-5. They tried to get financials out of me and I told them that I have a bankruptcy attorney on retainer in case I need to claim bankruptcy and the attorney told me to not disclose any information. I only told them that I...
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    Bank of America credit card settlement

    BofA called me two days ago and I settled at 25 percent of an almost 19,000 balance ($4,675). BofA was due to charge off this month. When I spoke to them last month 30% was the best they could do. So far, the information on this website has been spot on. They are debiting my bank account on...