There were three questions called into me. I will answer them in this podcast.
The first question is about Palisades Collection LLC. I wasn’t sure of their address during the podcast. Here is is if you would like to send them a Christmas card:
Palisades Collection LLC
P.O. Box 1244
Englewood Cliffs, NJ 07632-0244
The second question relates to Chase. If you wait 180 days after your last payment, Chase will charge off your account and assign or sell it to a third part debt collector. This does not mean that Chase no longer has you on their books. This is a common misconception. A charge off is just an accounting function that banks must use when you are 180 days late. Don’t think an account going to a charge off is an end game. It is of benefit as your debt rolls on to a third party. The third party is vulnerable to FDCPA violations. The original credit or is generally not included in FDCPA issues.
The last question is related to foreclosure. We do not deal with foreclosure on this website. There are many websites that do; just not this one.
Thank you for your questions. Hopefully i answered the question and others learned from your question.
Fight the Good Fight, Boiler