I have even seen zero interest rates on some credit card plans. If you miss one you typically lose the benefits of the plan, your payments go back to where they were etc.
If you took the money you would have paid in the lower monthly payment hardship plan and saved it up for 6, 12, or 18 months, how much would you have? In order to maximize your percentage savings in settlement and mitigate the risk Chase places the account for aggressive collection action, there are some things you need to be doing and things to avoid doing.
Is this Chase hardship plan the right way to go, or should I hold out to settle this account?
—RB First thing to do is consider your current and projected income.
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