Consolidating credit card debt with chase
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.
Say for example a person were to owe JP Morgan Chase ,000 on their credit card.
Under this DMP, the borrower’s monthly payment would be only 0 in the regular Chase Call to Action DMP and 0 in the hardship debt management program, both of which are a major reduction from the typical payment the anyone would otherwise need to make.
Before you apply, we encourage you to carefully consider whether consolidating your existing debt is the right choice for you.
Consolidating multiple loans means you'll have a single payment each month for that combined debt but it may not reduce or pay your debt off sooner.
The assistance program, which is being supported by multiple banks and credit card companies, goes by the name of Call to Action.
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.
Transfer a balance within 60 days of opening an account to get the 0% deal; otherwise the rate will be 21.9% p.a. Pay no interest for 27 months from account opening on the purchases you make in the first 60 days.
Transfer a balance within 60 days of opening an account to get the 0% deal; otherwise the rate will be 20.93% p.a. The duration of the introductory offer may vary depending on your personal circumstances.