Share post
Share
Debt Consolidation Forums Debt Problems forums

Has anyone settled credit card with Citibank recently?

Date: Tue, 08/23/2016 22:47
member profile picture
Posts: 1
Credits: 0
[Donate]

How to settle credit card with Citibank? I want to negotiate with them for 2 credit cards with high interest rates.




You can start off settling your debts by sending them a letter detailing your financial hardship and how much you can afford to pay back at this moment.

Sub: #1 posted on Wed, 08/24/2016 - 01:30

paulcahill80 paulcahill80

(Posts: 2359 | Credits: )

Before you start negotiating with your creditors, it's important that you analyze your financial situation and decide how much you can pay on an account. This will help you negotiate and convince your creditors to agree for settlement.

Sub: #2 posted on Fri, 08/26/2016 - 02:49

Good Nelly Good Nelly
Industry Expert
(Posts: 2684 | Credits: )

Are your cards past due? If not, they are not going to negotiate. Also, they will not negotiate thru the mail....you would need to call them.

Sub: #3 posted on Tue, 08/30/2016 - 20:33

SOAPLADY SOAPLADY
Moderators Cum Industry Expert
(Posts: 17271 | Credits: )

My mom had dealt with Citibank. Citibank assigned her debt to a collection agency - Protocol Recovery Service, Inc. They gave her 2 settlement options, which allowed her to pay off debt between 2 and 10 months. Mom opted for the second option since her financial situation was not good at that time. She didn't negotiate. I guess she could have received a better deal if she negotiated hard. Anyway, after 10 months, she finally settled her debts and was debt free.

Sub: #4 posted on Wed, 09/07/2016 - 22:43

ditchdebt ditchdebt

(Posts: 678 | Credits: )

Attachment
More information
  • Files must be less than 500 MB.
  • Allowed file types: txt pdf jpg jpeg png.


DebtConsolidationCare (IAPDA member)
Inter Next Technologies, Inc., Internet Marketing Services, Reno, NV
Connect With Us
About Us | Contact Us | Privacy Policy
Copyright © 2018 DebtConsolidationCare | 301 W. 11th Street Unit E, Reno, NV, 89503, United States
* Disclosures:
  1. By signing up a debt counseling session, your provided details (Name, Email ID and Phone No.) will be forwarded to the company advertising on the DebtCC. However, you have no obligation to use their services.
  2. Some creditors and collection agencies refuse to lower the payoff amount, interest rate, and fees owed by the consumer.
  3. Creditors/collection agencies can make collection calls and file lawsuits against the consumers represented by the debt relief companies.
  4. Debt relief services may have a negative impact on the consumer's creditworthiness and his overall debt amount may increase due to the accumulation of extra fees.
  5. The amount which the consumer saves with the use of debt relief services can be regarded as taxable income.
Page loaded in 0.898 seconds.