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Citi settlement

Date: Sun, 09/05/2010 - 14:50

Submitted by robert marcus
on Sun, 09/05/2010 - 14:50

Posts: 21 Credits: [Donate]

Total Replies: 18


I just settled my $12,420.00 Balance with Citi for 28% of the balance of $3,491.00. Three monthly payments and no more citi debt!!!!!! Thank you for all the comments and I would be happy to help anyone in a similar situation.


Quote:

Originally Posted by Anonymous
Hi Robert,
Did you Do It Yourself - the debt settlement negotiation? If so, can you please send me some tips? I am in the process of DIY debt settlement, in order to avoid BK.
Thank you!


I did it all myself, just called each creditor and explained my dire situation. I felt the longer you wait the better deal you can get. Any deal between 25-35% of the balance is a very good deal.


lrhall41

Submitted by robert marcus on Thu, 09/09/2010 - 14:41

( Posts: 21 | Credits: )


Quote:

Originally Posted by cookycris
congratulations on your settlement!!! i have a home depot cc with citi, they dont call just send letters telling me my acct is past due. did they call you? how did you recieve the settlement, by mail or phone?


I too have a Citi HD card ($22K balance). It goes to charge-off in a few days. They just offered me a settlement of 35%. I was hoping to get in the 20-25% range, which is where I settled a couple of other citi cards. They tell me these were in a different portfolio and have no bearing on the HD account.

What say everyone? Should I take the 35%, or try to do it for less after charge-off? I could probably pay the 35%, but it would be a serious stretch. If I could just knock another couple of thousand off, i'd be in much better shape.


lrhall41

Submitted by steve burke on Tue, 09/14/2010 - 12:51

( Posts: 8 | Credits: )


Quote:

Originally Posted by robert marcus
I just settled my $12,420.00 Balance with Citi for 28% of the balance of $3,491.00. Three monthly payments and no more citi debt!!!!!! Thank you for all the comments and I would be happy to help anyone in a similar situation.



please can you give me the phone of the settlement department you called? I'm 156 days late and they warned me online that it could be charged off soon. I need a good deal, I want $2000.00 on $6000.00 balance, what should be my initial offer when I call.

Please help!!!

Thank you.


lrhall41

Submitted by on Wed, 09/15/2010 - 07:38

( Posts: | Credits: )


Quote:

Originally Posted by Anonymous
please can you give me the phone of the settlement department you called? I'm 156 days late and they warned me online that it could be charged off soon. I need a good deal, I want $2000.00 on $6000.00 balance, what should be my initial offer when I call.

Please help!!!

Thank you.


I would call 888-599-4388 xx36833, ask for Charles, that is who helped me. He is very nice and understanding.


lrhall41

Submitted by robert marcus on Fri, 09/17/2010 - 03:55

( Posts: 21 | Credits: )


Quote:

Originally Posted by robert marcus
I would call 888-599-4388 xx36833, ask for Charles, that is who helped me. He is very nice and understanding.


Thank you, Robert!


lrhall41

Submitted by on Fri, 09/17/2010 - 15:00

( Posts: | Credits: )