$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,