citi card settlement any advice
Date: Wed, 06/10/2009 - 15:29
Any advice for settlement or who I should try to talk to?
Also I have three other credit cards with 0% interest introductory rates - will the interest rate change if I let my payments slide w/ citi during the negotiation process?
Has this card been charged off? How many months are you delinque
Has this card been charged off? How many months are you delinquent? You should wait 4 or 5 months then approach them again. Make sure you get a settlement offer in writing.
you will probably get rate jacked on all your other cards....
you will probably get rate jacked on all your other cards....
I have two cards with citi and while they didnt let me settle, (
I have two cards with citi and while they didnt let me settle, (my balance was only 3200 between the two) we came to a payment arrangement where they cut my interest rate down to 0% for 12 months and waived all the late/ovelimit fees that had accrued which was a HUGE help in knocking the balances down. When you call back just tell them your unable to make the minimum payments and will they work with you. I think they even have a program where they match your payments up to a certain amount.
As for your other cards, interest rates go up anyway. You said they were introductory rates so get ready for a interest spike whether or not citi works with you. good luck
