Hello everyone; I have a Citibank account that was just charged off after 180 days of non payment. Balance is $25,000. I could not get Citibank to settle with me even in the last few days before charge off. Anyway my account was sent to a collection agency who is now working on behalf of citibank (citibank still owns the account...it was not sold). They are offering me a 35% settlement. $9000 paid over one year is what they are offering. I have not heard of a 12 month settlement offer...is this too good to be true? They say they will fax this info to me in writing.

I am embarrassed to talk about this but I need payday loan help! I currently have Cashnet USA, Speedycash, Magnum Cash and CIC that will be paid off in 2 weeks. However, I have installment loans through Check and Go, Payday One, Great Plains Lending. I make decent money so I am trying to get through them one by one. I guess I just need some encouragement! This is killing me, and all my paycheck are going to these stupid loans. Ugh. Any Missouri advice on these?

Hello, I was wondering if anyone has any knowledge about getting a collection account removed from the credit bureaus. I have an account that went to collections, i few years ago i got into a payday loan nightmare and ruined my credit. I am trying to improve my credit and was wondering if i send a letter to the collection agency and tell them i will pay the account in full can i ask them to remove the account from my report? Can this be done? And is this something a collection agency would usually agree to? Thanks for the help!

I live in wisconsin. I took out a couple pay day loans to held me with expenses. Speedycash -an $375, paydayone -- $250, and cashnetusa --$300. I've tried to keep up on the payments but im starting to fall behind. I need help paying these off. Where do I go for help?

Is there a definitive date that a company must send you a 1099C for credit card debts that were settled in 2011? I know for most other tax forms its Jan 31st, but I cannot find this info for the 1099C. Would hate to have to file an amended return if they come after I file.

I know some of the usual stuff such as spend less... never use the card again, pay more than the minimum etc. . Unfortunately, I had serious medical expenses and ran up a debt of around $16,000 with Bank Of America with an APR of 24.24% I have another credit card which is from HSBC with a $7,500 limit with a 6.something APR. This card is empty, I have the following 3 options, which one makes the most sense? 1. Transfer $7000 to the HSBC Card with the lower interest rate, and continue using the higher interest card for daily purchases, but work harder to pay it first. 2.

I would like to start off by saying one of the biggest regrets of my life is getting involved with these people. I know it was a stupid decision. Last year I was faced with an emergency and took out a PDL. Because of the high interest charge, This one PDL turned into 2, then 3....then eventually 7. I know it sounds horrible but I kept getting into a situation when I had to rob Peter to pay Paul, so to speak. It has now gotten to the point that my paychecks are all going towards paying these.

This is my story. I was a customer for Discover Card. I maxed out my cc 3 years ago @ around 6300. I was only making mostly minimum payments to pay the card when I realized I wasn't making much of a dent on the card. I didn't understand how finance charges worked back then and charges was about 23%. In 2009 I cancelled the card completely and I was put in a hardship program and I was catching up. I got down to about 5000.

I received a letter from a collector (medical bill) with threats pertaining to IRS and signed by Terri the head of the accounting. I spoke with her and discuss my hardship, told her about loosing my job. She sent me a letter with lower payment plan. In the next letter, she is now a patient advocate.. What's up with that? Can they really changed their title in writing collection letter?

Hello, Any advice or opinions will greatly be appreciated: My account has been charged off from Honda for a motorcycle that got stolen. We did not miss any payments but since the bike is gone they wanted us to pay in full or they would charge off the account. We could not pay the $9,800 in full so it was charged off. Now I have a collection agency willing to take a settlement of $4,400 if I paid them by the end of the month. I tried to negotiate with $4,000 and they said no.