
$4,928.25 as of November 8, 2021
After getting off the phone today with a lovely lady named Sirene, the plan is to pay $5/month for 10 months, then $450/month for 10 months with the last payment (month 21) of $378.25.
See the Schedule Breakdown at the bottom of the page here.
I set up a separate account in my within my primary credit union entitled "Chase Debt" and setup an auto pay sytem with Chase.
So, I immediatley transferred $5 for first payment today, Monday, November 8, 2021.
Next, I'll fund that account with $45 as soon as possible or just make sure to have $5 in it by the 8th of every month.
On a side note:
Chase did offer a settlement which I may end up taking to safe significant capital in relation to the debt.
The offer is a settlement of $1,232.71.
This would be for me, a savings of $3,695.54.
And it could be paid in 3 installments of $410.90.
Tempting!
The only information I need is to find out if on my credit report, it will make a difference in points.
Either way, it will show as a charge off, zero balance.
The question is, "Will it make a difference in credit score?"
To be continued...
Schedule Breakdown:
10 - $5 Monthy Payments
2021
1) November 8 - Paid
2) December 8
2022
3) January 8
4) February 8
5) March 8
6) April 8
7) May 8
8) June 8
9) July 8
10) August 8
Total........................... $50
10 - $450 Monthly Payments
2022
1) September 8
2) October 8
3) November 8
4) December 8
2023
5) January 8
6) February 8
7) March 8
8) April 8
9) May 8
10) June 8
Total........................... $4,500
1 - $378.25 Final Month Payment
2023
1) July 8
Total........................... $378.25
Grand Total..............$4,928.25
Paid in 21 months total.
Well, that's the plan.
Rebuilding life after addiction,
