I need a little advice here. My husband and I each have a card that was first through Providian, then WAMU, and now Chase. We made the tough decision to try to settle our cc debt about the time we got our first cc bills through Chase, which means we have not made any pmts to Chase on those cards. We were getting multiple phone calls per day from Chase at first - I answered them when I felt up to it and my story was always the same: our income has decreased, have had some emergency expenses come up, etc., all of whcih are true. Next, we got letters from Bureau of Collection Recovery who said they were collection agency for the Chase debt. I sent debt validation ltrs to BCR also telling them not to call me but to communicate with me in writing - we have heard ZIP. Not a peep from BCR and nothing from Chase other than our monthly stms. Why would Chase stop sending me notices about "working something out" and/or calling me?
Now I am really not sure what to make of this. Currently, we are not able to pay them anything towards settlement (we have had many, many unexpected things come up and are settling with a couple other cards). I believe we are close to the charge-off stage for both cards.
Has anyone had an experience such as this? Will I just get hit with a lawsuit one day? Thanks for any advice anyone may have.
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