Thread: Anyone had Chase offer this plan

a few details of the account:

beginning $1500
now at $3000 thanks to finance charges and late payment fees

Chase offered a 5-year plan where you pay 1% of your balance each month with almost no finance charges assessed. you can still pay it off early if you get an unknown "windfall." only reverts if you default 3 months in a row. associate is going to send paper work next week. has anyone else had this offer or any other plan from Chase. this is one beast i need to get off my back.

thanks to this board, Chase is my next to last debt to pay off and my credit reports have improved quite significantly. thanks.

They are selling you a longer rope, that's all.

You're still paying $3000 for a $1500 debt.

What do they say your credit report will show?