Will settlement be possible?????
Date: Sat, 05/30/2009 - 11:33
Hi there everyone;
I am more than half way through settling over $80K of credit card debt. I have negotiated all of the settlement deals myself, and so far I have been very fortunate with the deals I have made. Here is my dilemma:
In order to be able to settle with BofA, Amex, Chase, and Wells Fargo, I had to accept a hardship program for my Citibank account...to basically buy time to save funds. This account has a $24K balance on it, and currently the hardship program is 12 months of 0% interest, and I pay 1% of the balance each month through automatic withdrawal from my checking account. I WILL have about $12K saved when the hardship program ends next year. Will I be able to settle????? Has ANYONE out there ever settled an account that was in a hardship program for a fair length of time? My fear is that Citibank will not be willing to work with me since they gave me the 0% interest deal for a whole year.
Any thoughts/advice are so appreciated...I am really concerned about this. Thanks!
I am more than half way through settling over $80K of credit card debt. I have negotiated all of the settlement deals myself, and so far I have been very fortunate with the deals I have made. Here is my dilemma:
In order to be able to settle with BofA, Amex, Chase, and Wells Fargo, I had to accept a hardship program for my Citibank account...to basically buy time to save funds. This account has a $24K balance on it, and currently the hardship program is 12 months of 0% interest, and I pay 1% of the balance each month through automatic withdrawal from my checking account. I WILL have about $12K saved when the hardship program ends next year. Will I be able to settle????? Has ANYONE out there ever settled an account that was in a hardship program for a fair length of time? My fear is that Citibank will not be willing to work with me since they gave me the 0% interest deal for a whole year.
Any thoughts/advice are so appreciated...I am really concerned about this. Thanks!
I am curious also as I am in a hardship plan with Target visa.
I am curious also as I am in a hardship plan with Target visa.
Hi
Hi,
Just curious. How much did you settle for on above accounts? How did you do it and how long have you been delinquent? I am new to all of this.
I wish I could answer you on Citibank but I can't. How did you get them to do that hardship program? I need to try that too.
Thanks!