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Thread: Chase debt forgiveness on credit cards.

  1. #21
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    Quote Originally Posted by rage2 View Post
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    Why would he continue to make massive payments instead of getting his child support payments recalculated? It’s not like there isn’t an easily defined process that you can google up in 5 seconds to do such a thing.
    My understanding, he has tried and is continuing to

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    I think it's based off the previous years income? Spikers I think has shed some light on the topic
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    ...
    Last edited by Sugarphreak; 08-18-2019 at 05:34 PM.

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    Wow, nice little bonus for those people. Unlike all you bitter assholes i'm actually happy for them lol, they could definitely use the money if they've been carrying a balance that long.

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    Quote Originally Posted by sabad66 View Post
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    Wow, nice little bonus for those people. Unlike all you bitter assholes i'm actually happy for them lol, they could definitely use the money if they've been carrying a balance that long.
    Yeah, it's a good thing, and for these folks, it has the chance of helping them get their finances in order.
    Double-meat sub dreams.

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    Quote Originally Posted by rage2 View Post
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    Why would he continue to make massive payments instead of getting his child support payments recalculated? Itís not like there isnít an easily defined process that you can google up in 5 seconds to do such a thing.
    As the father, you're screwed. Especially if you make good money.

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    Quote Originally Posted by Sugarphreak View Post
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    No kidding... it has been a long time since that credit card was canned, it is crazy to think people out there still owe on it.
    Which is exactly why Chase cut their losses. These people were only pay the minimum and some still owed $6-7k which could take over 10 years to pay off by just paying the minimum. Ain't nobody got time for that!

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    Quote Originally Posted by botox View Post
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    Which is exactly why Chase cut their losses. These people were only pay the minimum and some still owed $6-7k which could take over 10 years to pay off by just paying the minimum. Ain't nobody got time for that!
    They will make more writing off the losses than wasting time to find a buyer for the debts. These guys are in it to make money, not give to charity. There is something in it for them for sure to do this.

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    Sounds great at first til you realize this is the equivalent to pardoning criminals. Nobody involved was doing great before and probably won't after. It's also similar to saying to a deadbeat friend you loaned money to just keep it.

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    Kind of kills me as I had this card, used it a lot, probably put $50k on it in the 3-4 years I had it. However I never once carried a balance so I should feel lucky but part of me feels a tad gypped I used the same card and don't get money back.
    Cos...

  11. #31
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    Quote Originally Posted by dirtsniffer View Post
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    I think it's based off the previous years income? Spikers I think has shed some light on the topic
    yeah, it gets based on your last year's income tax. so if you made good coin the year previous, you pay for the next year based on that amount. If you get laid off in February, you still have to pay the same amount until you file your next income tax, and then it can get adjusted. There is probably ways to get it recalculated somewhere in between, but I imagine the process to get there isn't a short, or cheap route.
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