Chase Agreed to settle a Home Equity Line of Credit for 10 percent

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Chase Agreed to settle a Home Equity Line of Credit for 10 percent of the loan balance.  I couldn’t believe it.  This second loan was a home equity line of credit.

The loan was sent to several different collection companies and finally ended up with AWA collections in Orange County.  The borrower received a call one day from AWA offering a settlement.   Awa first offered to settle for $15,800 but after some negotiation they agreed to $12,200.

The borrow received a full release of liability and they forgave the remaining balance.  By the way, Chase had not received any payments since 2008.

Want to Know how to Settle your home equity line of credit?

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