Who is Chase?
JPMorgan Chase Bank, N.A., dba Chase Bank, is a national bank headquartered in New York, New York. As one of the largest banks in the United States, Chase offers a wide range of financial services to individuals, businesses, and institutional clients.
If you’ve had a credit card issued by Chase and failed to make the required payments, the account may be considered in default. In such cases, Chase may engage a third-party collection agency to collect the outstanding debt on their behalf. Consequently, you may see Chase listed on your credit report as a collections account or charge off.
How can I remove Chase Collections from my credit report?
Chase collections can hurt your credit score and remain on your credit report for up to seven years regardless of whether you pay it or not. Unfortunately, paying the collection could even lower your credit score.
However, it is possible to remove a collection account from your credit history before seven years.
(While debt collectors may not want this information to be widely known, it’s your right to be informed.)
Ready to Raise Your Credit Score?
Learn how credit repair professionals can assist you in disputing inaccuracies on your credit report.
Professional credit repair services work with people who want to get their credit back on track.
In addition to collections, they can help you to challenge other inaccurate, unfair, or unsubstantiated information on your credit report. These items include inquiries, late payments, charge-offs, foreclosures, repossessions, bankruptcies, and more.
Get started on the path to better credit today: Fill out the form for a free credit consultation.
JPMorgan Chase Bank Contact Information
Address:
JPMorgan Chase
270 Park Ave
New York, NY 10172
Phone number: (212) 270-6000
Should I contact or pay Chase Collections?
It’s best to avoid speaking to a collection agency on the phone. And making payments on the debt will reset the clock. As a result, it could harm your credit rather than improve it. However, sometimes it’s better just to pay the collection account, especially if it’s new, and you’re certain that it’s legit.
The most effective way to deal with Chase Collections is to work with a credit repair professional. They help remove millions of negative items every year from companies like Chase on behalf of their clients.
Will Chase Collections sue me or garnish my wages?
Chase Collections can file a lawsuit if they are unable to collect the debt through other means. If they obtain a judgment against you, they may seek to garnish your wages or levy your bank accounts to satisfy the debt, depending on the laws and regulations applicable in your jurisdiction.
However, it’s important to note that legal action and wage garnishment are typically considered as last resorts. They prefer to work out repayment arrangements or settlements with the debtor before pursuing such measures.
Chase Collections Complaints
Most credit card companies and collection agencies have numerous complaints filed against them with the Consumer Financial Protection Bureau (CFPB) and the Better Business Bureau (BBB).
Most consumer complaints are about inaccurate reporting, harassment, or failure to verify a debt. If a debt collector is harassing you, you may want to consider filing a complaint.
You have many consumer rights under the Fair Credit Reporting Act (FCRA) and the Fair Debt Collection Practices Act (FDCPA). These rights include the ability to dispute credit reporting errors and to be treated fairly and respectfully by debt collectors.
Remove Chase Collections From Your Credit Report Today!
Credit Saint can assist you in disputing Chase accounts. With years of experience at their disposal, these professionals have a proven track record of effectively removing incorrect entries for countless clients.
If you’re tired of dealing with debt collectors and want to improve your credit, consider working with a trusted credit repair company.
They have helped many people in your situation. Fill out the form on their website or give them a call at (855) 281-1510 for a free credit consultation to see what they can do for you.
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