CG Corp for citibank

I got 20% from them on a citi account.... they were a bit of a pain ... but convinced them that 20% is better than 0% on a chapter 7 bk.....
It was a one payment deal .... balance of about 13k ... right before chargeoff ...

Try to get 15 % if you can .... I think you might get it because of your large balance.
I got 15 % on a 22k citi .... right after chargeoff.... it was with another CA though...


mac

Did you have to send them any proof that you were unable to pay your payments? The lady I am dealing with offered me a settlement of $8940 and then five minutes later changed it to $10,956, saying she made a mistake. I have put in an offer, but she refused it. She said she would send it back to Citi bank with a statement of refusal to pay.

I think I sent them a hardship letter .... and I said pull my credit , you will see that I am late on everything.... Also we were self employed with alot of unsecured debt ... I do think that is a factor in getting the best settlement % 's .
For exp.... if you are late on house payment, self employed, alot of unsecured debt, no real assets, and you have talked to a BK attorney.... I think you will get the best settlement they have to offer.

Me personally I would not settle for more than 15-20 % .... How late is it ? Has it charged off ?
Also consider , if it is your last card maybe go 20-30 % just to be done with it .... everyone is different
mac