Citi payment arrangement plan...
Date: Mon, 03/08/2010 - 14:28
Hi everybody,
I lost my job 10 months back. At that time, balance on my citicard is 5400 (Credit limit:5500). I joined in payment arragement plan for 6 months. I made minimum payments on time. I never made late payments. Now i am not in payment arrngement. But they closed my account. Now they are charging me 10% APR.
I got job 4 months back. Now i started paying it back. Right now my balance on the card is 2600. Is it possible to reactivate my account? At that time, one rep told me that i can reopen this account if get the job. Now i have job and everything. I can pay off the debt. What i need was credit card. Because i want to maintain good credit history. I have 630 FICO score.
I called them 2 days back to reactivate my account, but they told me it is not possible. I am wondering that payment arrangement is a temporary program or it will close the account forever.
Please suggest me. I don't want to apply for new cards right now. They will do credit check. If citi can reopen my account, i will be happy. Because there will be no credit check for this one.
Any idea on this? Thanks in advance.....
I lost my job 10 months back. At that time, balance on my citicard is 5400 (Credit limit:5500). I joined in payment arragement plan for 6 months. I made minimum payments on time. I never made late payments. Now i am not in payment arrngement. But they closed my account. Now they are charging me 10% APR.
I got job 4 months back. Now i started paying it back. Right now my balance on the card is 2600. Is it possible to reactivate my account? At that time, one rep told me that i can reopen this account if get the job. Now i have job and everything. I can pay off the debt. What i need was credit card. Because i want to maintain good credit history. I have 630 FICO score.
I called them 2 days back to reactivate my account, but they told me it is not possible. I am wondering that payment arrangement is a temporary program or it will close the account forever.
Please suggest me. I don't want to apply for new cards right now. They will do credit check. If citi can reopen my account, i will be happy. Because there will be no credit check for this one.
Any idea on this? Thanks in advance.....
It it is not likely they will reopen especially in this economy.
It it is not likely they will reopen especially in this economy. Sounds like you were on a hardship plan which terminates your account.
