Citi Letter
Date: Mon, 03/01/2010 - 15:30
Hello all,
I received a letter from Citi bank delivered by UPS and trying me to get in to the the payment plan. I owe about 26K and 100 days behind. I also spoke to them today and very nice lady offer the payment plan for 5 years. I do not have the set income and can not get in to any type of payment plan. I would like to settle but they are not offering yet.
any advice?
I received a letter from Citi bank delivered by UPS and trying me to get in to the the payment plan. I owe about 26K and 100 days behind. I also spoke to them today and very nice lady offer the payment plan for 5 years. I do not have the set income and can not get in to any type of payment plan. I would like to settle but they are not offering yet.
any advice?
Citi is not very popular about offering settlements. Mostly they
Citi is not very popular about offering settlements. Mostly they try to collect the entire amount and that is why they might have offered you the payment plan.
You are not obligated to take their first offer, so you can wait little more or can negotiate little harder. Normally, they would charge off the account after 180 days, after which it would go to a collection agency or a lawyer. You can also try to negotiate a settlement then.
Hi,Guest, it's quite true and I would agree with SC. So, it woul
Hi,Guest, it's quite true and I would agree with SC. So, it would be beneficial if you wait for some more time and get a better deal to work on.
