United Recovery Systems debt collection phone calls and negotiating a good settlement.

Before I weigh in on settling with the collection agency, United Recovery Systems, on your Chase credit card account, I want to dig a little deeper into the debt collector calling family. Did URS call family even though they had reached you by phone prior, or sent you letters that you received?

I ask because the only reason a collection agency can call family friends or neighbors is to locate you. That’s unfortunately not how they always play that card. They call others even though they have spoken with or otherwise reached you in order to put pressure on you to pay them in order to stop what is often embarrassing – them calling others about you and your Chase credit card bill that has not been paid. If they mentioned anything about the purpose of trying to reach you being about the debt, that is even worse.

9 times out of 10 you will want to use the phone to negotiate with United Recovery Systems.

Sending letters offering to settle will rarely yield a response. Speaking with United Recovery is the next step. Your credit card sounds like it is more than 6 months late, so I would suggest you target a settlement amount somewhere around 40% of the debt. Can you get your hands on as much as 3200? If you cannot, there are times when accounts can be settled for less than what is owed with payment terms. Settling the Chase account with United Recovery Systems, and getting terms, would allow you to pay the new agreed upon amount in monthly installments. These kind of terms are available when you know how to push for them. I have seen monthly payments set up with anywhere from 3 to 12 month installments, and even longer (though not common).

Settling your credit card balance and getting time to pay will sometimes impact the settlement amount. The thinking on their end when you are negotiating the debt,, but need time to pay could be:

If you can pay us 500.00 a month for 6 months, why can’t you pay us 500.00 a month for 12?

Settling the credit card debt in one lump some, or setting up a monthly payment arrangement with URS for the Chase account that is a short duration (3 or so months) will often provide the best results.

If your account has not yet been charged off by Chase (you are not 6 months past due), it is unlikely you will get more than a 3 month payment time frame to fund the settlement agreement.

Also, be sure to get any debt settlement in writing before funding the offer. That goes for negotiating and settling with Chase directly, or with United Recovery Systems.

Getting your credit report to look its best will be a function of timing and making smart rebuilding steps at this point because you already have an account that Chase has charged off.

Before taking your next step, please answer my question about whether the debt collector called your family members when they had already connected with you about the debt. Depending on your response, I would refer you to an attorney in order to learn more about your rights found in the Fair Debt Collection Practices Act (FDCPA). Most attorneys I know of specializing in FDCPA violations do not charge for you to consult with them, and often do not charge you a fee if the take your case. They get paid from the violator, in this case United Recovery Systems, when they are successful in representing you.

What state do you live in?

Anyone dealing with United Recovery Systems is welcome to post a comment below for feedback.