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Beware: Chase Bank Won’t Work with Non-Lawyers to Settle Credit Card Debt

If you have a Chase card and are considering a non-lawyer company like Freedom Debt Relief to settle your debt, you may want to re-consider.  More and more, credit card companies are re-evaluating their policy to work with non-lawyers to settle debt. Chase Bank in particular has publicly announced that they do not negotiate with these companies.  The article below outlines the struggle a couple faced trying to settle a Chase account using Freedom Debt Relief.

http://sanfrancisco.cbslocal.com/2011/11/29/consumerwatch-couple-gets-little-help-from-debt-settlement-company

If you are currently enrolled with a debt settlement company and have an account with Chase Bank, your best option at this point would be to contact a debt settlement law firm.  If you are considering debt settlement, I would encourage you to avoid getting entangled with a company that your bank refuses to negotiate with.  An experienced debt settlement law firm that is dedicated to negotiating for large reductions in your debts is your best bet if you are struggling with credit card and related debt.

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Avatar for Kevin Fallon McCarthy
Kevin Fallon McCarthy is the McCarthy Law PLC’s managing attorney and an experienced Phoenix debt attorney. Mr. McCarthy has also worked as general counsel for a large corporation. He has corporate counsel experience in human resource matters, general corporate governance, and union class action litigation.