Chase Bank USA Credit Card Debt Settlement

Settlement Structure: Claims Made

Active: Closed

Closed Settlement Statement:

According to court documents, the claim submission deadline has passed. Please contact the claims administrator if you have any questions.

Case Summary:

Chase Bank USA is putting up $11.5 million to settle a class action alleging that it did not update its reports to credit agencies when accounts sold to debt buyers were discharged in Chapter 7 bankruptcy proceedings. The complaint claims that the account holders’ credit reports continued to reflect that the debts were sold or charged off, negatively affecting their ability to get credit.

Docket Number:

18 CV 3307 (VB)

Company: JPMorgan Chase & Co.

Filing Deadline: July 18, 2018

Class Period: January 1, 2008 to April 4, 2018

Objection Deadline: July 18, 2018

Exclusion Deadline: July 18, 2018

Final Approval Hearing: August 20, 2018

Proof of Purchase:

Distribution claims: No proof is needed to file a claim form. Reimbursement claims for post-bankruptcy payments to third parties: You will need proof of your payments and their amounts to file a claim form. Reimbursement claims for post-bankruptcy payments to Chase: You do not need proof and you do not need to file a claim form.

Eligibility:

You may be eligible if

  • You were an individual who had a credit card account with Chase Bank USA,
  • Chase charged off and sold your account to a debt buyer on or after January 1, 2008, and
  • After this sale, you discharged the debt in a Chapter 7 bankruptcy by April 4, 2018.

Three kinds of payments may be made: (1) Distribution claims, for those whose credit reports did not reflect the discharge of their debt, (2) Reimbursement claims, for those who made post-discharge payments to third parties, and (3) Reimbursement claims, for those who made post-discharge payments to Chase. Class members who want either or both of the first two kinds of payments must file claim forms. No claim form is necessary for the third kind of payment.

Typical Settlement Amount:

Reimbursement claims for payments to Chase or third parties: You are entitled to a refund of up to the full amount you paid, depending on the number of valid claims. Distribution claims: You will receive a pro-rata share of the net settlement fund after reimbursement claims have been paid, estimated at between $10 and $250.

Total Settlement Amount: $11,500,000

Class Representative Proposed Incentive Fee:

$5,000

Law Firms:
Boies Schiller and Flexner LLP
Charles Juntikka & Associates

Claim Form: Chase Bank Credit Card Debt Settlement Claim Form

Case Name: Rusty Haynes v. Chase Bank USA, N.A.

Settlement Website: Chase Bank Credit Card Debt Settlement Website

Claims Administrator:
Rust Consulting, Inc.

Claims Administrator Contact Information:

Haynes v. Chase Settlement Administrator
c/o Rust Consulting Inc. – 6032
PO Box 44
Minneapolis, MN 55440-0044
1-877-896-6933

Tags: Credit Cards, Not Reporting to Credit Agencies Debt Discharge in Bankruptcy, Your Bank