Citibank Settlement Letters - Amount Negotiable??

According to CB, when I called "we don't negotiate below amount offered in letters"...just under 90 days past due.

Yeah, I have heard that they are not easy to deal with. I had a tough time in negotiating a settlement with them.

mr generallee got a letter at about 90 days past due offering 65% of balance.. havent gotten anything else from them in re of offers.. mrs generallee has not gotten any sort of offer by mail..

I was told that by all the cards that sent settlement letters, but after a certain period of time like 120 days, you are transferred to the next level of collection and then you can start negotiating. They just want to see if you will bite and are ready to just get it over with. Hang in there and you will most likely get a lower settlement.

I was offered 45%, 30% then at 120 days went up to 75% and stayed there - I was 5 days from charge off and they would not change the amount to 75%. Took the 0% for 52 months for now.