CitiCards/Client Svs ?do payment plan or wait for settlement
Date: Thu, 07/23/2009 - 08:58
I need some advice of what to do with this cc account. I have 30K debt with citicards and it is 151 days past due,it has been sent to client services (jerks) to collect.At first he asked to make up payment plan but refused to send any pymt arrangements in writing.I don't have the money to settle on this big account right now maybe in 7 months could have money.Don't know if I should make pymt arrangements and send what I can each month or let it get charged off.I didn't know if I made some pymts each month if that would prevent it from getting charged off or do they charge it off anyway because you are not settling the debt.Does anyone know???or give me some kind of device. I'm desperate for some help.Thanks
Since you are already 151 days late with your account, there is
Since you are already 151 days late with your account, there is every possibility that the creditor may charge off your debt. However, if your account has not yet been charged off, and you pay off the debt as per the payment arrangements made with you by the creditor, the account may not be charged off. Moreover, before you start making payments you should get the debt validated from Client Services and after getting it validated, get the payment agreement in writing.
Client services told me that they will not send anything in writ
Client services told me that they will not send anything in writing for pymt arrangements and I will not pay anything until they send it in writing.Citi told me there is nothing they can do to help me that it has been sent to client services and I have to deal with them.I guess I'm stuck and will wait to see if they will send something in writing.thank you for your advice.
I do have another ?....I have another account that is 12k with worlds foremost bank(cabela's),they have charged it off but yet still hold the account and keep saying they are ready to send it to a ca....but they are willing to make pymt arrangements with me but yet my credit is already ruined because it is charged off...wondering if it is better to wait for settlement and if they send it to ca then it really doesn't matter...but it scares me to have to deal with a ca.
charge off's .. is this a good thing.. is this what we want
sorry, am confused what charge off really means.
charge off's .. is this a good thing.. is this what we want
sorry, am confused what charge off really means.
did you try to settle? how much persenctigy did they offer? I am
did you try to settle? how much persenctigy did they offer? I am on 140 late . I tried to settled they offered my 45% current balance.
they offered 50% of the balance but I don't have $6,000
they offered 50% of the balance but I don't have $6,000
50% is a pretty good offer, but if you can't afford to pay in on
50% is a pretty good offer, but if you can't afford to pay in one lump sum, ask them if they will give you a payment plan. Make sure you get it in writing. Your other option is to consult with a debt settlement company who will handle the negotiations for you. You will then be able to make smaller monthly paymenhts to settle your debt.