Our debt arbitration with Chase Bank resulted in a 66% savings for the client in this particular instance. a settlement of 44 percent is right within the range of our 40 - 60 percent average settlement range.
"We are pleased we found a settlement that works for you. This letter confirms that we agreed settle your credit card account for $3994.00 . As a result of this settlement, you will benefit from all these advantages:"
You will only pay $3994.00, a significant savings over the full balance. We will stop all attempts to collect. Upon conclusion of the settlement, we will report your account to the national credit bureaus as settled with a remaining balance due of zero (0.00).
The total settlement amount must be received within the agreed timeframe. If you do not make your settlement arrangement on time, this agreement will become null and void. We will continue our collection efforts."
