Citi, Bofa, Chase -- Self Settlement -- Need help!!
Date: Mon, 11/09/2009 - 01:06
so I have 3 cards and 1 phone bill, I was wondering if you guys can give me advice about dates to wait, and when these companies will start sueing me?? I can't let that happen. So far Bofa and Citi's websites have these debt help pages, and Chase isn't bothering me. the phone bill is over 4 months overdue because AT&T charged me $900 for international roaming when i bought a data plan... didn't pay and it went to collections
Please help
1. Bofa: $8,300
Last Payment 7/9
120 Days Past Due
2. Chase:$29,000 (2 Cards)
-Last Payment 7/16 - 25k Balance
--83 Days Past Due
-Last Payment 8/23 - 5 K Balance
--76 Days Past Due
3. Citi: $6,300 Balance
82 Days Past Due
4. AT&T Debt Settlement Company
$1,200 Balance ($300 is their fee)
---So guys if you could tell me which card to pay off first, I think Bank of America, with a 6 month deal at 25%??
And then I think Citi card before they sue me. These guys are all charging me 30% interest every month... I can't take it anymore. i was paying all my cards on time until bank of americas 1 transfer payment voided the letter I signed refusing to 30% interest, and 1-2 days late for all other cards
thanks guys..!
If you get 25% settlement offer from BofA then certainly you'd l
If you get 25% settlement offer from BofA then certainly you'd look at settling with them.
Regarding settling with Chase, you can read the following discussion to equip yourself to deal with them.
http://www.debtconsolidationcare.com/collection-agencies/chase-settlement-offer.html
Check here for members' experience with Citi.
It helps in knowing the nature of the lenders you are dealing with. Hope I was helpful.
I have the same 3 cards.....
Citi settled with me at 40% of 11K at around 90 days late.
Chase finally settled at 40% of 12K at around 130 days late.
B of A: I am still waiting, I just hit the 120 mark and will wait till about 150-160 to start negotiating.
Citi and Chase will allow you to split the payments into 3 or 4. I doubt you get anything longer than that. I don't know about BofA but reading this board tells me 3 payments is all you will get with them?
