Please help! CitiBank debt

I am about $13K in debt. Pretty soon, my 0% interest offer will expire, and I will have a 21% APR. I have been unemployed for the past year. I also have student loans. I can and will not ever be able to afford my credit debt now. I also need to go back to school so I can actually get a job. I am thinking about letting my card go delinquent and negotiating a settlement. I can't afford anything else. But I'm afraid of getting sued. Do you have any advice?

Citi is notorious for suing, so I would tread cautiously here. That's not to say they WILL sue, but during my time working for a settlement company, many many many of the summons accounts that I saw were Citi accounts. They will settle, but the average settlement with them is around 50%. Are you current on your payments right now? If you are considering settlement, I would let the account charge off, save up approximately $6,000 and begin negotiations. Start by offering a small, lump-sum settlement and work from there.

I spoke to a citi bank employee for a settlement they said they would settle for 30% in three payment over three months. I am waiting for the letter.