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.

I just got access to my account, lol it was locked but I love the credit fundamentals 🙏🏻🙂

Just wanted to drop a quick story about a cool win I had recently with US Bank. Got an email from them a while back, offering to chat about business credit card options. I figured, why not? So, I ended up on a 45-minute call with a banker named Susan. She was super into understanding my business and asked for some docs—bank statements, fuel card info, you know the drill—to see how they could best help out. Honestly, I was a bit iffy about sending over all that info, but I went for it after thinking it through and talking with my financial advisor. And guess what? It totally paid off! They hit me back with a sweet $25K credit limit. It’s a game-changer for my logistics business and seriously, it feels pretty good to get that kind of trust and support. Anyone else had good experiences with banks stepping up for your business? Or tips on managing these new resources wisely? Let’s hear it!

I had something in collections from JPMorganChase from years ago when I didn’t understand credit & how it works. I jumped on a call with Edgar and he really broke down how the collections & charge offs work. Just wanted to speak on one of my negotiations with the collection company, I was able to talk them down from 4235.00 to a 509.00 settlement which will be completely deleted as of the 19th. Keep going hard & don’t take no for answer!

Edgar helped guide me through how to help my client get a reduction on his charge off with Conns furniture. $5,330 original balance and got paid at $2,122 Huge win!! Now he is ready for the next round of disputes 🥂