How do you remove, or can you remove, a credit partner who was a primary on a business credit card?

Anyone know anything about TDECU?

Got this offer from a friend of mine for a Chase account for a 2 year old charged off account. Original balance was $39,617.52 and they were willing to settle for $3,961.76 which is basically a 90% discount AND they were willing to give him 4 months to pay it off meaning 4 installments of $990.44 Keep in mind the Statute Of Limitations on debt in the state where he’s from (NY) is only 3 years so that could have A-LOT to do with it. Remember what i said on my previous post, it’s not just about how much money you get from the banks, it’s about WHO you owe that money too 😉 Do you think Wells Fargo, American Express or TD bank would offer a similar discount? Doubt it.

Hey Everyone hope you're all having a phenomenal day i just wanted to stop by and let everyone know that I just dropped 6 videos & 1 info post over in the Debt Resolution Section. Although the Debt Resolution section is not fully complete, I wanted to send this out in case anybody wants to get a head start. Here is why the 6 videos I dropped & Info post are so important Statute Of Limitations ⏰ - This video breaks down why knowing the statute of limitations on your debt is so important (Hint: If your old debt is past the statute of limitations it becomes OPTIONAL to pay it) Statute Of Limitations By State 📰- This is not a video but an info post. Inside you'll find the 4 categories of debt AND you'll be able to see what the statute of limitation is for each category for each state 🔥 Time-Barred Debt 🔐 - This video is important because once the debt is OUTSIDE of the statute of limitations it becomes known as TIME-BARRED DEBT, but what does this mean exactly, and how can you use this If a creditor is suing you? Item Got Removed, Should I Pay It ❔ - This breaks down my thought process on why you should consider paying off old debt AFTER it has been removed from your credit report. Bankruptcy Chapter 7 vs Chapter 13 💰 - What's The difference between these two completely different types of bankruptcy that you as a consumer have access to? I also give my opinion on which type of bankruptcy is better.

It can be easy to think that a $50,000 Credit Card from Chase is Equal to $50,000 Credit Card from TD bank 💳 = 💳 At face value it might seem the same, both giving you $50,000 but like a good chess player one must think 2 moves ahead ♟️ In life, shit happens. We all love to think that we’re going to take $50,000 and flip it. In a perfect world it will work out 100% of the time. Unfortunately we don’t live in a perfect world. So here’s what happens if you CAN’T pay back the $50,000 with each bank. Chase Bank 🏦- $50,000 gets charged off after 180 days, they assign the debt to an In-House collection company that does NOT report separately on your credit report. ⏰ The older the debt is, if you’re nice at negotiating you can get a 80% discount or more on the debt. Yup this means that $50,000 you owed can be settled for $10,000 Now let’s look at TD bank TD Bank 🏦- After 180 days the debt gets charged off. In some cases depending on the debt they will assign the debt not to a collection company but a LAW FIRM. The law firm is quick to sue on TD bank behalf in order to get a judgement against you but the good news is that they are willing to settle ⏰ they will be willing to settle for around a 35-40% discount. Meaning if they’re feeling generous they’ll settle your $50,000 for $30,000. So keep this in the back of your mind It’s not just about who gives you the money, but think about what happens if you can’t pay that money back, what’s your next move ♟️