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Sounds like a silver lining on a dark cloud. Why did they exit? (And who else is going to follow?)
 

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So, if you've been paying interest and principal on it for 17 months since they canceled the cards, does that mean you've already paid half of the original balance?
 

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So, if you've been paying interest and principal on it for 17 months since they canceled the cards, does that mean you've already paid half of the original balance?
I was thinking the same thing...this is a great PR move for Chase.

They’ve probably already collected a significant percentage of the debt via the usual high cc interest rates.

As a bonus, they write of 100% of the debt.

Genius.
 

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Now if Chase will shut down their US operations.
 
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