Chase Card Services is one of the key participants in a debt management plan that is being offered to consumers. The assistance program, which is being supported by multiple banks and credit card companies, goes by the name of Call to Action. In addition to that, they offer their own customized solutions to customers that are in need of some type of assistance.
Here is an example of how this Call to Action plan would provide customers with some breathing room and debt relief if you qualify for it. Say for example a person were to owe JP Morgan Chase $20,000 on their credit card. Under this DMP, the borrower’s monthly payment would be only $400 in the regular Chase Call to Action DMP and $350 in the hardship debt management program, both of which are a major reduction from the typical payment the anyone would otherwise need to make.
According to a statement from Chase, the bank provides assistance, modifications, and different types of DMP options to thousands of credit card accounts on an annual basis. This is all done in an effort to assist customers with their debts.
Some background on this program is that as that the top 10 credit card issuers across America, including Chase, have all agreed to implement numerous changes necessary to provide both a more affordable Standard Debt Management Plan and a Hardship DMP. So anyone that is struggling has a few different options available to them as sometimes one solution will be more effective than another.
This for of assistance is being offered to eligible consumers who need help getting out of debt and are seeking to avoid bankruptcy. Or it can help people who just need a little short term help catching up on their bills. The program is really targeted at those who do not have sufficient household income to qualify for a traditional DMP.
The key elements of the Chase Call to Action DMPs is that it will allow individuals and families to maintain a reasonable monthly budget. The goal is to allow consumers all of the following.
As you can see, Chase may offer an interest rate on a credit card balance as low as 2%. This is for the customers that qualify for the hardship program. That is an incredible offer. It is a fraction of what the rate would be on a standard credit card. If someone were not have any success in getting this rate from Chase, there are still other options. Anyone in need of additional help can look into a debt settlement company or a credit counselor who may be able to negotiate on your behalf. More.
The DMPs currently being offered by Chase / JPMorgan are targeted to help Americans who may be struggling to keep up with their debts and the high cost of living in this country. Not some of the program terms may change based on the applicants payment history, income, and other factors. Anyone that is struggling needs to take advantage of the debt assistance being offered by Chase today. Dial 1-800-432-3117. Do not hesitate to ask for assistance.