SPIFIMAN1
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Did you even bother to look before you asked this question?
The reason I ask is because it's already been asked about 10-times and the answer is always the same of course you still owe the debt the only thing that changes is the company you make your payments to. |
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Emma F
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That's not how it works. You still have to pay your bill. What makes you think you shouldn't have to pay your debt back? JP Chase Morgan will be the bank that you will pay now. Stop whining and pay what you owe. |
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src50
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You jest, I hope. I hate to think that there are people out there that are this naive. |
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jb2001
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You still have to pay your credit card bills under WaMu until JP/Chase takes it over and converts the account. Then you will have to pay JP/Chase. |
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Judy1
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Ha ha ha. Sure. You aren't serious, are you?
You still owe it, just to JP Morgan/Chase who bought the WaMu including their assets (your account is one of their assets). Until you hear differently, send your payments to the same place. |
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lamn2009
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Wishful thinking, buddy. Pay your debts or your credit score will plunge. |
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K.C.
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You really think this?! No your debt does not go away.....you still owe the money WaMu was bought by Chase so that means loans, credit cards, etc will eventually be payable to Chase!!
Typically after a merge, buy out, etc the company that takes over sends letters to customers explaining what will happen...so expet something from Chase in the near future...
For more info visit www.chase.com or www.wamu.com they both have notices for WaMu customers answering FAQ's |
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Rainy
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you will now make your payments to the buyer (Chase) they bought out WAMU along with your debt |
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talismb
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Keep dreaming...your debt's not going anywhere. Sure wish it would though! Alas only consumers get screwed in fiascos like this. The exec's who should be on their way to jail will instead "retire" with huge pay-offs! |
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Sheila
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Yeah, I too am in hopes I no longer owe, but I , well and you too, will now owe JP Morgan instead. |
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N K
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Firstly, they haven't gone belly up completely, Wamu simply ran out of cash in hand (also called liquidity) to meet their obligations so JP Morgan bought the bank, assumed all deposits, assets and liabilities. When banks fail completely, FDIC insures personal accounts up to $100k. FDIC wasn't even called in this! All assets of Wamu remain intact, all liabilities and all debts and all holdings. JP Morgan is going to raise $8 billion through stock offerings to help Wamu's liquidity issues and write off $31 billion in bad debt for Wamu. Wamu has over $300 billion in deposits and assets. Do you think they are going to write a big fat zero against $300+ billion in assets? JP Morgan has assumed it all. Your debt is not forgiven. If they write off your debt, they should not pay all the deposits too! |
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La Vie Boheme
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JP Morgan Chase assumed everything. Your debt is now with Chase and for now, you need to keep paying the way you always have until Chase tells you different. |
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myjboat
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A co-worker said she went to use her WA MU credit card today and it was denied. She said she has plenty of credit on the card and is current on payments. And people say this issue only affects Wall Street. Unbelievable. |
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