Question about counter offer to settlement
Date: Thu, 05/06/2010 - 13:23
The offer expires May 26th.
I want to counter offer 25%.
I looked at the sample letters here and will base my counter on these.
First question is should I wait until closer to the deadline to hope for a better settlement?
Second question is that I have another Citi account and would it be more helpful towards me getting the 25% if I mention it in this letter saying I also want to settle it. I already know that they won't combine accounts but maybe if I mention it it would help?
thanks for any input.
Kaylee
Citi is tough ! usually they stick to their pre authorized let
Citi is tough !
usually they stick to their pre authorized letters ... but give it a try
ask for the managers assistance unit.... they have a little more authority
40 % at 39 days is actually very good .... if you want to have minimal impact to your credit and can afford it , take it
If not .... wait til 150-180 days and try
Just call and tell them you can not do the 40% but would like to
Just call and tell them you can not do the 40% but would like to settle for 20%. Then when you start countering back and forth maybe you can get the 25%.
Wow! 40% at 39 days is crazy good! Citi can be tough. Resp
Wow!
40% at 39 days is crazy good!
Citi can be tough.
Respectfully Yours,
King "Kash" Jabba Labba
thanks
Quote:
Originally Posted by mac123 Citi is tough ! usually they stick to their pre authorized letters ... but give it a try ask for the managers assistance unit.... they have a little more authority 40 % at 39 days is actually very good .... if you want to have minimal impact to your credit and can afford it , take it If not .... wait til 150-180 days and try |
I can't afford it but in 3 payments I could do the 30%
Thanks
Quote:
Originally Posted by Debt Free to Be Just call and tell them you can not do the 40% but would like to settle for 20%. Then when you start countering back and forth maybe you can get the 25%. |
Will give it a try and get post update.
Just to update, I took Debt Free to Be advice and today I sent t
Just to update, I took Debt Free to Be advice and today I sent them a counter letter of 20%. So total is 18k and I offered $3600 payable in 3 payments.
I used the standard form from this forum but I changed it to say 'payments' instead of one lump sum money order and also I mentioned my second account in the letter saying I would also like to settle it for 20% (it is also 18k) but that I would have to finish paying off first one then pay second one.
I just put it out there perhaps to sweeten the pot but also to tell them I had more to settle so they should grab it since right now they are first in line.
I sent it priority mail and will let you know what happens.
Kaylee
Kaylee