Is settlement offer 20% with Chase good?

This is my first settlement offer on a balance between my husband and I of nearly $78 thousand. Chase offered to settle for 5.5k on 27.5k roughly It works out to 20%. Should I take it my Accra don\'t charge off until September. Thanks.

2 Answers

20% is a fairly reasonable settlement offer. I don't think it will fetch you a better offer if you keep on waiting, and once it get's charged off, you may need to deal with a harsh collection agency.

It sounds to be a reasonable settlement offer. I think you can accept the settlement offer. Settle the debt before it gets charged-off.

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