Updating addresses credit unions
Chase and other credit card issuers (like Bof A, Citi, Discover, Capital One, HSBC) will offer what is called re-aging to account holders that participate in long term repayment plans.
This is when your credit card is enrolled in an internal repayment plan, or as part of a consumer credit counseling services plan.
Is it going to be achieved through increases in taxation (of the poor) and fuel? Will those who always hide behind commercial interests, supply and demand, and exorbitant wages, suddenly be patriotic enough to buy into the plan by their deeds and not just by what they say? This may mean anything from asking a worker who earns R400 per month to take a wage cut or a wage freeze to the reduction of the CEO's wages to a ratio of 1:8 of their workers' salaries. These are the questions to be answered by Comrade Trevor.
In the meantime, the Exco scheduled for 19-20 July will shed more light based on union discussions (hopefully with the grassroots).
Whatever the outcome, we will raise these for discussion and consensus in the alliance and for negotiations in Nedlac.
About Michael Bovee Michael started CRN in 2004 with a mission to provide people in need with detailed debt and credit help and education.
Michael has participated as an expert panelist in federal consumer protection rule making, collaborated on state law changes governing debt consolidation, has worked as an expert witness in court matters related to the debt relief industry, and is a regular contributor to several personal finance websites.If raising the money to settle with Chase in the first 6 months is not an option, there are different details to learn in order to be successful with your Chase credit card settlement.