Global Credit & Collection Corp wants my bank statements, should I?

Date: Tue, 08/17/2010 - 16:17

Submitted by anonymous
on Tue, 08/17/2010 - 16:17

Posts: 202330 Credits: [Donate]

Total Replies: 4

I have a debt of $25,000 due Citi bank that I can no longer pay because I am self employed/self supporting and lost a big chunk of income. It has now been turned over to Global. I talked to the supervisor today with an offer to settle (first time talking to him). He refused my offer and asked me if I would send three months worth of bank statements for his manager and him to go over to see if they can make any suggests/deals. I did initially agree, but I am kinda of shying away from sending him my bank statements. Any suggestions on what to do here? Thank you so much in advance.

I already settled several accounts, one with Bank of America, $20,000 -+ for $5,500, and a 30% settlement on four Chase accounts; all very nice and understanding people to deal with.

I still have Discover Card (not nice people) and a GE card (now in collections and small accounts), along with the Citi Bank account left.

I wouldn't give them my bank statements if I were you. I would

I wouldn't give them my bank statements if I were you. I would send them a settlement offer in writing and keep at them. I've heard Citi is difficult to deal with but I wouldn't trust ANYONE with my account info.

lrhall41

Submitted by OhioGal1 on Thu, 08/19/2010 - 13:21

( Posts: 5253 | Credits: )

Thank you, OhioGal. I did not send the bank information - altho

Thank you, OhioGal. I did not send the bank information - although it does show lack of income, I just didn't feel comfortable doing it. I appreciate the suggestions. Have you dealt with Global/Citi? Would you send the settlement offers to Citi or Global? Global told me it would eventually go back to Citi with their recommendations. I had been dealing with Citi, and they were nice, but could not give me an offer that I could afford; finally, right before they sent me to collections, a guy told me that Citi does not accept offers unless they are in writing, but at that point it was too late.

Again, thank you.

lrhall41

Submitted by on Tue, 08/24/2010 - 19:54

( Posts: | Credits: )

Absolutely positively do not send them your bank statements. Wh

Absolutely positively do not send them your bank statements. What they want to do is tear apart what you are spending and where. They want them to find the money to pay them.

If they ask why you did not send them, tell them that a lawyer you consulted on filing bk told you not to.

lrhall41

Submitted by Debt Free to Be on Tue, 08/24/2010 - 20:12

( Posts: 412 | Credits: )

Thank you, Debt free to be. I was avoiding their calls, not kno

Thank you, Debt free to be. I was avoiding their calls, not knowing what to say as to why I did not send my statements...I will definitely use your suggestion.

I read this board every chance I get, and I thank everyone for sharing their knowledge and experiences. I was sinking fast, not knowing what to do, before I found this site. Now, I can actually see some light. Thanks again!

lrhall41

Submitted by on Wed, 08/25/2010 - 13:24

( Posts: | Credits: )