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MJS · Posted: Mon Mar 24, 2008 9:03 am Subject: Citibank

I had a Citibank master card that expired and went unpaid. It has been 3 years now. I live in a 4 year SOL State. Does Citibank often sue for old debt? My ending balance was 4400 and now I am sure it is about 9000 because they charge extreme interest.

Posted: Mon Mar 24, 2008 9:25 am Subject:

They turned mine over to a collection agency. You're still in the SOL, it wouldn't surprise me if you hear from them, soon.

Posted: Mon Mar 24, 2008 9:47 am Subject:

Shazzers is right. These things do not go away. They just go dormant sometimes. It is probably in the hands of a collector by now!

Posted: Mon Mar 24, 2008 8:45 pm Subject:

I doubt much that Citibank even owns the debt anymore. Try and find out where it is and send off a validation letter. If they validate it properly you should look into budgeting paying this back in your finances.

MJS · Posted: Tue Mar 25, 2008 11:56 pm Subject:

Asset Management tried to collect a MC card debt from me, but now Sears is the collector.I don't know if Sears own or the drbt or not. They havent contacted me. Can Sears sue me?

Posted: Wed Mar 26, 2008 3:25 am Subject:

Was it a sears branded MC by chance?

Posted: Wed Mar 26, 2008 5:38 am Subject:

Sears doesn't back their own cards. Citibank does. sears is just the merchant, citibank is the one you actually borrowed the money from.

Posted: Sat Mar 29, 2008 12:01 am Subject:

shouldn't MJS have heard from a collector before the debt was 3 years old?

Posted: Sat Mar 29, 2008 6:38 am Subject:

Maybe, or maybe not, Socks. I finally heard from a collector on my wife's old Citibank account. DOLA on that one is 8 years ago. And the balance they're wanting is more than ten times the last balance we have in our records.

them. SOL and reporting period have both expired on this. I might be willing to deal with them on this. But at this point, it's gonna be on my terms or not at all.

Posted: Sat Mar 29, 2008 9:12 am Subject:

wow unc..
that's crazy!
I could understand the 8 years later if you jumped off the map or something
ten times the last balance they're asking for when they paid pennies on the dollar..doesn't quite add up though..

Posted: Sat Mar 29, 2008 9:19 am Subject:

Well, I guess I did jump offa the map. Moved from Wyoming to Vermont several years ago [proof positive that even I make an occasional mistake!]

But I left all of the appropriate change-of-address and mail forwarding documents when I left. So that dog ain't gonna hunt.

Posted: Sat Mar 29, 2008 11:10 pm Subject:

that dog don't hunt wulf!!!!! I do agree emphatically!!!!

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